The Kombucha Shop Shark Tank Update

The Kombucha Shop Shark Tank Pitch

Kate Field appeared on Shark Tank Season 10, Episode 5, which aired on November 17, 2018, with kombucha tea brew kit.

The Kombucha Shop is listed in the Food Beverage category. In plain terms, the business is described as kombucha tea brew kit.

The Kombucha Shop asked the Sharks for $350,000 for 10%, implying a valuation of about $3.5 million.

On the show, The Kombucha Shop made a listed deal with Barbara Corcoran for $200,000 + $150,000 in credit for 10%.

If treated as straight equity, the listed deal works out to about $2 million implied valuation, down from the original $3.5 million implied valuation.

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

The Kombucha Shop After Shark Tank

The Kombucha Shop accepted an on-air Shark Tank deal for $200,000 + $150,000 in credit for 10%, but later updates say the deal did not close. (Kombucha Shop Shark Tank Update

Update sources put The Kombucha Shop's annual revenue around $2 million. (Kombucha Shop Shark Tank Update

After the show, Kate processed over 15,000 orders and entered the Midwest regions of Whole Foods. (Kombucha Shop Shark Tank Update

The current brand site points customers to www.thekombuchashop.com. (The Kombucha Shop website

Sources

Sources used for this page: Shark Tank API pitches