Brazi Bites Shark Tank Update

Brazi Bites Shark Tank Pitch

Junea Rocha and Cameron MacMullin appeared on Shark Tank Season 7, Episode 9, which aired on November 19, 2015, with Brazilian cheese bread snacks.

Brazi Bites is listed in the Food Beverage category. In plain terms, the business is described as Brazilian cheese bread snacks.

Brazi Bites asked the Sharks for $200,000 for 10%, implying a valuation of about $2 million.

On the show, Brazi Bites made a listed deal with Lori Greiner for $200,000 for 16.5%.

If treated as straight equity, the listed deal works out to about $1.2 million 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.

Brazi Bites After Shark Tank

Brazi Bites accepted an on-air Shark Tank deal for $200,000 for 16.5%. The on-air deal did not close. Follow-up reporting lists the company as in business. (Brazi Bites Shark Tank Update

Brazi Bites reported annual revenue of $200 million as of July, 2024. (Brazi Bites Shark Tank Update

In July, 2018, the company sold a "majority stake" in the business to San Francisco Equity Partners. (Brazi Bites Shark Tank Update

Two years after the original air date, they did a deal with Target. (Brazi Bites Shark Tank Update

In March, 2022, the company launched Pizza Bites (maybe to compete with the Pizza Cupcake). (Brazi Bites Shark Tank Update

The official website for Brazi Bites is listed as brazibites.com. (Brazi Bites website

Sources

Sources used for this page: Shark Tank API pitches