Tia Lupita Foods Shark Tank Update

Tia Lupita Foods Shark Tank Pitch

Hector Saldivar appeared on Shark Tank Season 14, Episode 20, which aired on April 14, 2023, with Tia Lupita® Foods is a better for you Mexican inspired food brand that uses clean simple ingredients in all of our products and we are the first brand to introduce cactus or nopales as an alternative functional sustainable ingredient in our line of grain-free tortilla chips and tortillas..

Tia Lupita Foods is listed in the Clothing Fashion category. In plain terms, the business is described as Tia Lupita® Foods is a better for you Mexican inspired food brand that uses clean simple ingredients in all of our products and we are the first brand to introduce cactus or nopales as an alternative functional sustainable ingredient in our line of grain-free tortilla chips and tortillas..

Tia Lupita Foods asked the Sharks for $500,000 for 5%, implying a valuation of about $10 million.

On the show, Tia Lupita Foods made a listed deal with Kevin O'Leary for $500,000 for 5% as a line of credit.

If treated as straight equity, the listed deal works out to about $10 million implied valuation, roughly the same implied valuation as the ask.

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

Tia Lupita Foods After Shark Tank

Tia Lupita Foods accepted an on-air Shark Tank deal for $500,000 for 5% as a line of credit, and later update coverage says the deal closed. (Tia Lupita Foods Shark Tank Update

The estimated net worth of Tia Lupita Foods is $12.1 million. (Tia Lupita Foods Shark Tank Update

The company was also chosen to participate in Pepsi’s Greenhouse Accelerator Program, which picks 10 Hispanic-owned food and beverage startups to receive $20,000 in grant funding and participate in a six-month business program designed to accelerate Tia Lupita Foods's growth through personalized mentorship. (Tia Lupita Foods Shark Tank Update

Since airing, in addition to the store the founder was in, Hector has also had products in Kroger’s and Meijer’s stores. (Tia Lupita Foods Shark Tank Update

Tia Lupita Foods remains active online through tialupitafoods.com, where customers can find the current product line. (Tia Lupita Foods website

Sources

Sources used for this page: Shark Tank API pitches