AnyTongs is an accessory for the kitchen that transforms everyday cutlery (such as a spoon or fork) into tongs. We need to budget for Utensils, Tongs, and other kitchen utensils because wide varieties are available.
You can stop buying so many tongs because of the problem, and the answer is AnyTongs. This gadget allows you to use a variety of spoons, forks, and other utensils as tongs.
The plastic and the spring press instrument are what make this product possible. It’s simple to attach several types of spoons and forks, and it’s a breeze to use. The price of this item is $12.99 for one pack and $19.99 for two. You may also purchase this item on Amazon. In this article, we will discuss anytongs net worth and many more things related to it.
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AnyTongs Net Worth
There is a current $2 million valuation on AnyTongs. Since many women may benefit from having just one tool that does the job of several tongs, it’s clear that this tool is an essential kitchen appliance. The global market for kitchen utensils is predicted to reach $2.7 billion by 2021, expanding at a compound annual growth rate (CAGR) of 4.25 percent. This is all we know about anytongs net worth.
What Happened To AnyTongs After Shark Tank?
The gadget’s creator arrives on episode 13 of Shark Tank season 14 seeking funding, and he offers the sharks $150,000 in exchange for 20% stock at a $750K valuation.
Kevin O’Leary, one of the sharks, has stated that he will not continue with the company since he does not see a future. Robert Herjavec, another Shark, took this as a warning sign and is now leaving the show.
Daymond John, one of the sharks, said it’s still early, so he’ll throw in $150,000 in exchange for 49% ownership. Lori Greiner informed John of a very lucrative offer, and she must leave.
Tog Samphel responded to Daymond John’s request of 40% equity with an offer of his own, but John declared he would remain at 49%. Tog Samphel decides to take the deal. At long last, Daymond John has put down $200,000 on “AnyTongs” for 49% ownership.
Who Is The Founder AnyTongs?
Tog Samphel, a product designer, created this device. Tog left his Art and Design program at Montclair State University in 2004 after receiving a job offer from AOL.
For nine years, Tog Samphel was a designer with Nintendo of America, Sourcebits, ADP, Meta, LOOP, and AOL, among others. In January of 2023, he left his job at Loop Company to devote himself full-time to the company. In the year 2020, this device was introduced.
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AnyTongs Before Shark Tank
Samphel unveiled AnyTongs in 2020. Samphel’s mother was the driving force for the creation of this item. A set of tongs was a must for his mother in the kitchen, so she often used plastic tape to transform a spoon or fork into tongs.
Samphel then had the idea to create this product, began designing it in March 2019, and completed the prototype in May 2019. Research for a suitable manufacturing partner started in August 2019, and success was finally achieved in October of the same year.
No progress is possible in 2020 because to the COVID-19 Pandemic. On October 19, 2020, he started a Kickstarter campaign to raise $10,000. As a result of this Kickstarter project, 974 people contributed $33,454.
Samphel’s wife and two daughters pitched in to assist with product delivery. By the end of 2020, all backers have been delivered.
