Jada Spices Shark Tank Update

Jada Spices Shark Tank Pitch

Dr.Khasha Touloei and Maynard Okereke appeared on Shark Tank Season 12, Episode 4, which aired on November 5, 2020, with plant-based, vegan chicken salt and spices.

Jada Spices is listed in the Food Beverage category. In plain terms, the business is described as plant-based, vegan chicken salt and spices.

Jada Spices asked the Sharks for $250,000 for 20%, implying a valuation of about $1.3 million.

On the show, Jada Spices made a listed deal with Barbara Corcoran for $250,000 for 33%.

If treated as straight equity, the listed deal works out to about $757,575.758 implied valuation, down from the original $1.3 million implied valuation.

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

Jada Spices After Shark Tank

Jada Spices accepted an on-air Shark Tank deal for $250,000 for 33%. Later reporting says the deal did not close after filming. (Chicken Salt Shark Tank Update

By July 2024, Jada Spices was reported at about $4 million in annual revenue. (Chicken Salt Shark Tank Update

Jada Spices products are sold through Jada Spices products in Whole Foods, Sprouts, H-E-B, Central Market, and Amazon. (Chicken Salt Shark Tank Update

The company changed its name to Jada Brands as it added several new items to its menu. (Chicken Salt Shark Tank Update

Jada Spices now uses www.jadabrands.com as its customer-facing site. (Jada Spices website

Sources

Sources used for this page: Shark Tank API pitches