Toast It Shark Tank Update

Toast It Shark Tank Pitch

Maria Corina Vieteis and Maria Fernanda Römer Cabezas appeared on Shark Tank Season 15, Episode 2, which aired on October 6, 2023, with Guilt-free, Latin foods.

Toast It is listed in the Food Beverage category. In plain terms, the business is described as Guilt-free, Latin foods.

Toast It asked the Sharks for $100,000 for 5% equity, implying a valuation of about $2 million.

On the show, Toast It made a listed deal for $150,000 for 20% equity.

If treated as straight equity, the listed deal works out to about $750,000 implied valuation, down from the original $2 million implied valuation.

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

Toast It After Shark Tank

Toast It accepted an on-air deal for $150,000 for 20% equity. After filming, that deal closed. (Toast It Shark Tank Update – Shark Tank Season 15

As of March, 2024 - about five months after the original air date - there is no evidence the deal with Daniel has closed. (Toast It Shark Tank Update – Shark Tank Season 15

These steps helped Toast It address one of the main concerns raised on the show: Toast It's tight profit margins, which stood at around 20% after distribution. (Toast It Shark Tank Update – Shark Tank Season 15

Furthermore, in early 2025, Toast It rebranded from Toast-It to Kiosco, a name inspired by the street markets found across Latin America. (Toast It Shark Tank Update – Shark Tank Season 15

Toast It the program provides mentorship, funding, and support to help scale high-potential brands. (Toast It Shark Tank Update – Shark Tank Season 15

Sources

Sources used for this page: sharktankblog.com