Sweetkiwi Shark Tank Update

Sweetkiwi Shark Tank Pitch

Michael Akindele and Ehime Eigbe appeared on Shark Tank Season 14, Episode 16, which aired on March 10, 2023, with Sweetkiwi is a 'Whipped Greek Yogurt' made using a holistic approach that carefully selects ingredients that work better together to support gut health, wellness, and nutrient absorption..

Sweetkiwi is listed in the Food Beverage category. In plain terms, the business is described as Sweetkiwi is a 'Whipped Greek Yogurt' made using a holistic approach that carefully selects ingredients that work better together to support gut health, wellness, and nutrient absorption..

Sweetkiwi asked the Sharks for $250,000 for 5%, implying a valuation of about $5 million.

On the show, Sweetkiwi made a listed deal with Robert Herjavec for $250,000 for 16%.

If treated as straight equity, the listed deal works out to about $1.6 million implied valuation, down from the original $5 million implied valuation.

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

Sweetkiwi After Shark Tank

Sweetkiwi accepted an on-air Shark Tank deal for $250,000 for 16%, and later update coverage says the deal closed. (Sweetkiwi Shark Tank Update

By July 2024, Sweetkiwi was reported at about $2 million in annual revenue. (Sweetkiwi Shark Tank Update

In addition to Walmart and Whole Foods, Sweetkiwi are in Kroger, Mom’s Organic Markets, Giant, and Ralph’s. (Sweetkiwi Shark Tank Update

Sweetkiwi remains active online through sweetkiwi.com, where customers can find the current product line. (Sweetkiwi website

Sources

Sources used for this page: Shark Tank API pitches