Nowhere Bakery Shark Tank Update

Nowhere Bakery Shark Tank Pitch

Maurizio and Saphira Rasti appeared on Shark Tank Season 15, Episode 18, which aired on March 15, 2024, with Healthy bakery.

Nowhere Bakery is listed in the Food Beverage category. In plain terms, the business is described as Healthy bakery.

Nowhere Bakery asked the Sharks for $200,000 for 5% equity, implying a valuation of about $4 million.

On the show, Nowhere Bakery made a listed deal for $100,000 as cash, $100,000 as a line of credit for 12.5% equity.

If treated as straight equity, the listed deal works out to about $800,000 implied valuation, down from the original $4 million implied valuation.

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

Nowhere Bakery After Shark Tank

Nowhere Bakery accepted an on-air deal for $100,000 as cash, $100,000 as a line of credit for 12.5% equity. After filming, the on-air deal closed. (Nowhere Bakery Shark Tank Update – Shark Tank Season 15

In August 2024, Nowhere Bakery rolled out new packaging, launched in Sprouts stores across California, and took part in the Newtopia Now CPG event in Denver. (Nowhere Bakery Shark Tank Update – Shark Tank Season 15

Nowhere Bakery nothing better than ending the night on a sweet deal. #SharkTank. (Nowhere Bakery Shark Tank Update – Shark Tank Season 15

Since airing, Nowhere Bakery added a few more stores that stock Nowhere Bakery's products brining the total to 81. (Nowhere Bakery Shark Tank Update – Shark Tank Season 15

Sources

Sources used for this page: sharktankblog.com