Numilk Shark Tank Update

Numilk Shark Tank Pitch

Joe Savino and Ari Tolwin appeared on Shark Tank Season 12, Episode 18, which aired on March 26, 2021, with plant-based milk making machine.

Numilk is listed in the Food Beverage category. In plain terms, the business is described as plant-based milk making machine.

Numilk asked the Sharks for $1,000,000 for 5%, implying a valuation of about $20 million.

On the show, Numilk made a listed deal with Mark Cuban for $1 million for 7% equity + $1 million loan for 3% equity.

If treated as straight equity, the listed deal works out to about $14.3 million implied valuation, down from the original $20 million implied valuation.

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

Numilk After Shark Tank

Numilk closed its deal with Mark Cuban for $1 million for 7% plus a $1 million loan for another 3%. The company did not simply ride the original grocery-machine model forever; the post-show path involved major pivots. (Numilk Shark Tank Update

After pandemic disruption and the difficulty of placing in-store machines, Numilk raised more than $222,000 on Kickstarter for a home machine. That consumer hardware pivot became a central part of the story after Shark Tank. (Tasting Table Numilk update

The current Numilk store sells machines, pouches, and accessories, so the company remains active even though the version customers see now is not exactly the same as the grocery kiosk pitch. (Numilk website

Sources

Sources used for this page: Shark Tank API pitches