Snacklins Shark Tank Update

Snacklins Shark Tank Pitch

Sam Kobrosly appeared on Shark Tank Season 11, Episode 4, which aired on October 20, 2019, with healthy, vegan pork-rind puffed chips made of simple ingredients.

Snacklins is listed in the Food Beverage category. In plain terms, the business is described as healthy, vegan pork-rind puffed chips made of simple ingredients.

Snacklins asked the Sharks for $250,000 for 2.5%, implying a valuation of about $10 million.

On the show, Snacklins made a listed deal with Mark Cuban for $250,000 for 5% and 5% advisory shares.

If treated as straight equity, the listed deal works out to about $5 million implied valuation, down from the original $10 million implied valuation.

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

Snacklins After Shark Tank

Snacklins accepted an on-air Shark Tank deal for $250,000 for 5% and 5% advisory shares, and follow-up reporting says the deal closed after filming. (Snacklins

By July, 2021, update sources put Snacklins annual revenue around $10 million. (Snacklins

Finally, customers and retailers have been requesting a larger, multi-serve pack size for years, so we finally brought this to life. (Snacklins

The new Snacklins brand system is centered on a series of stylized mouth designs, which we believe celebrate the unique flavor and texture of our signature plant crisps, while offering a visual differentiation on shelves and online. (Snacklins

There are now many national and regional chains stocking the product including Erewhon, Stop and Shop, Whole Foods and many more. (Snacklins

The current brand site points customers to snacklins.com. (Snacklins website

Sources

Sources used for this page: Shark Tank API pitches