Meet Yve-Car Momperousse and Stéphane Jean-Baptiste, a couple from Haiti behind the eco-friendly beauty brand Kreyol Essence who secured a $400,000 deal with Kevin O’Leary on Shark Tank. In just three years, the investment not only helped increase their sales by 50% but also got them out of a $300,000 debt.
In 2020, the married couple appeared on Shark Tank to pitch their brand Kreyol Essence, which sells natural products infused with pure Haitian Black Castor oil known for promoting healthy skin, hair growth, and more. The duo shared how they successfully raked in $1 million in 2018 but faced hurdles after losing their biggest buyer and accumulating $300,000 in debt, according to AfroTech.
Momperousse and Jean-Baptiste were seeking $400,000 for 10% of Kreyol Essence. After intense negotiations, they agreed to Kevin O’Leary’s offer of $400,000 for 5% equity and 25 cents in perpetuity.
The investment deal had an immediate impact, driving a significant 50% increase in Kreyol…
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