PhoLicious Shark Tank Update

PhoLicious Shark Tank Pitch

Joseph and Anh Trousdale appeared on Shark Tank Season 16, Episode 8, which aired on January 17, 2025, with Pre-packaged authentic Vietnamese soup.

PhoLicious is listed in the Food Beverage category. In plain terms, the business is described as Pre-packaged authentic Vietnamese soup.

PhoLicious asked the Sharks for $500,000 for 10% equity, implying a valuation of about $5 million.

On the show, PhoLicious made a listed deal with Kevin O'Leary for $500,000 for 15% equity.

If treated as straight equity, the listed deal works out to about $3.3 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.

PhoLicious After Shark Tank

PhoLicious accepted an on-air deal for $500,000 for 15% equity. PhoLicious remained active after the episode. (PhoLicious - Shark Tank Season 16

In late Autumn 2024, PhoLicious attended the Walmart Open Call as a mentor. (PhoLicious - Shark Tank Season 16

That year, PhoLicious made $68,000 in sales by selling directly to customers online. (PhoLicious - Shark Tank Season 16

Joseph and Anh entered Shark Tank Season 16, seeking $500,000 for 10% equity in PhoLicious's packaged food and beverage business. (PhoLicious - Shark Tank Season 16

Fortunately for PhoLicious, PhoLicious were able to secure a deal with Kevin O’Leary for $500,000 for 15% equity. (PhoLicious - Shark Tank Season 16

Sources

Sources used for this page: sharktankblog.com