- AnyTongs is an innovative kitchen gadget that transforms a regular spoon or fork into a convenient tongs tool, eliminating the need for multiple utensils.
- Made from durable plastic material with a spring press tool, AnyTongs easily attaches to any kind of spoon and fork for easy use.
- The gadget is available on Amazon, with a single pack priced at $12.99 and a bundle of 2 available for $19.99.
What is AnyTongs Net Worth?
- AnyTongs has achieved an impressive net worth of $2 million, attributed to its practicality and demand among homemakers seeking a versatile kitchen tool.
- The global kitchen utensils market size was valued at $2.7 billion in 2021, with a consistent annual growth rate (CAGR) of 4.25%.
The Journey After Shark Tank:
- Tog Samphel, the founder of AnyTongs, appeared on Shark Tank Season 14 Episode 13 to seek funding for the venture.
- He requested $150,000 in exchange for 20% equity at a $750,000 valuation.
- Shark Kevin O’Leary and Robert Herjavec opted not to invest, but Daymond John showed interest and offered $150,000 for 49% equity.
- Lori Greiner commended John’s offer but declined to invest.
- Tog Samphel negotiated with Daymond John, eventually accepting the deal of $150,000 for 49% equity.
- This partnership propelled AnyTongs forward, securing the necessary resources to expand and thrive in the market.
Meet the Founder of AnyTongs:
- AnyTongs was founded by Tog Samphel, an innovative product designer.
- In 2004, Tog chose to leave Montclair State University while studying Art and Design due to an enticing job offer from AOL.
- Over the years, he gained valuable experience as a designer in companies like Nintendo of America, Sourcebits, ADP, Meta, LOOP, and AOL.
- In January 2023, Tog resigned from his position at Loop Company to dedicate himself entirely to the AnyTongs venture, which he launched in 2020.
The Current State of AnyTongs:
- As of January 2023, AnyTongs is still actively operating, with Tog Samphel at the helm, supported by his wife Dawn and their children, Marcus and Jordan.
- The entire Samphel family is actively involved in running the business, contributing to its success.
- AnyTongs has gained significant media attention, receiving coverage from various publications such as GadgetFlow, Tom’s Finds, Yanko Design, and Trendhunter.
- The company’s headquarters is located in Clifton, New Jersey, United States, where it continues to flourish under the leadership of the Samphel family.
Conclusion:
- AnyTongs’ journey from a simple kitchen gadget to a thriving business is a testament to the power of innovation and determination.
- The practicality of AnyTongs and the dedication of its founder and family have contributed to its impressive net worth of $2 million.
- As the kitchen utensils market continues to grow, AnyTongs remains a promising and valuable addition to every household.
- With the support of Daymond John and the collective effort of the Samphel family, AnyTongs is set to achieve even greater success in the future.
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