Shark Tank Pitch

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Mavens Creamery Shark Tank Update

2m

Food Beverage

Pitch Overview
NameMavens Creamery
Main PresentersGwen Nguyen, Christine Nguyen
Order Shown in Episode1
Final DealOffer made from sharks

Mavens Creamery Shark Tank Pitch

Gwen Nguyen and Christine Nguyen appeared on Shark Tank Season 10, Episode 20, which aired on April 21, 2019, with macron ice cream sandwiches.

Mavens Creamery is listed in the Food Beverage category. In plain terms, the business is described as macron ice cream sandwiches.

Mavens Creamery asked the Sharks for $400,000 for 10%, implying a valuation of about $4 million.

On the show, Mavens Creamery made a listed deal with Barbara Corcoran for $400,000 for 25%.

If treated as straight equity, the listed deal works out to about $1.6 million implied valuation, down from the original $4 million implied valuation.

This pitch is included as context for the more important question: what happened after Shark Tank.

Offers

Made ByLabelSharks Part of DealSummary
SharksDealBarbara Corcoran$400,000 for 25%
CompanyOffered$400,000 for 10%

Updates in Shark Tank Episodes

Update SeasonUpdate Episode
No Episode Updates

Mavens Creamery After Shark Tank

Mavens Creamery accepted an on-air Shark Tank deal for $400,000 for 25%, and later updates say the deal closed. (Mavens Creamery Shark Tank Update ).
Update sources put Mavens Creamery's annual revenue around $3 million. (Mavens Creamery Shark Tank Update ).
Since airing in April 2019, Mavens Creamery has expanded retail distribution to Colorado, Kroger’s Markets throughout the Midwest, Whole Foods in the Northeast, and several other market chains, including King Soopers, Vons, and Pavilions. (Mavens Creamery Shark Tank Update ).
The company introduced ice cream in addition to the ice cream sandwiches. (Mavens Creamery Shark Tank Update ).

Sources

Sources used for this page: Shark Tank API pitches , Shark Tank API episodes , sharktankblog.com .

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