Nopalera is a beauty brand that uses Nopal Cactus to make its products. It includes bathing products along with some hydrating products. Sandra Velasquez founded the brand on the Cactus name. She states that her childhood was spent with these cactus.
Thus, she decided to spread the goodness of these cacti to the world in an eco-friendly manner. Nopal is a cactus that is used in multiple ways like hydrating skin and creating textiles. Let us look at Nopalera’s net worth below.
What Is Nopalera?
Nopalera was started in November 2020 by Sandra Velasquez. She asked for a valuation of $300k for 5% equity. Sandra belonged to Southern California. However, her parents are from a Mexican background.
She carried her business with the hope of taking her legacy ahead. With a valuation of $6 Million, she pitches her business to sharks. Let us have a look at the Nopalera net worth below.
Nopalera Net Worth
Nopalera has a net worth of $6 Million when pitching its business at Shark Tank. Sandra was a musician in her whole life. She performed as a lead singer in the bands. Later, she also worked as a sales representative for several companies. However, she felt the need to start something of her own so she started Nopalera. It is a D2C brand with 50% sales from the wholesale and 50% from the D2C.
Nopalera Revenue & Growth
Nopalera started working and selling its products in November 2020. The sales for the year was $19,000. The next complete year, they made a revenue of $607,000. In the year 2022, they made $350,000 by the half. The sharks were impressed by the sales.
However, they did not invest in the business. Two sharks did offer the same amount for a 25% to 30% stake. However, she was not convinced to settle at a lower valuation. Thus, there was no deal.
Nopalera Shark Tank Journey
Nopalera’s shark tank journey was impressive. She was presenting her business confidently. Her positive attitude and environment friendliness impressed the judges. However, she did not accept the shark’s deal. Nopalera’s business shows creativeness and innovation.
Her idea to use the Nopal cactus was impressive. She tried to highlight the importance of her products in the industry. Nopalera dreamed of being the voice of a Latina Latina-owned business. If we talk about her product’s range, it starts from $14 to $166. Stay tuned for more information.