When you first listen to or read the fruit brand name, what comes to your mind? Your favorite fruit that seasonally comes to delight you. But what if you can enjoy the taste of it forever without actually longing and waiting for it for the entire year just in different forms? Like a pickle, a jam, a dip, a salad dressing, or a sauce, or probably the way you want it to be.
Mango Mango is a company that preserves natural and gluten-free and is made out of only four elements, Mango Fruit, Pure Cane Sugar, Vanilla Extract, and Fresh Lime Juice. They call it Mangolicious, as they try to put as much as Mango, making their customers happy. They add no artificial flavors, colors, fillers, or preservatives, and are completely natural since the preservatives have no thickening components like corn syrup, pectin, gelatin, or carrageenan.
Mango Mango at a Glance:
| Idea | Mango Fruit Preserve |
| Founders | Lakesha Brown-Renfro, Nzinga Teule-Hekima, and Tanecia Willis |
| Asked For | $75,000 For 20% |
| Accepted Deal | No deal |
| Sharks | No sharks |
| Business status | In Business |
| Episode No. | Season 5, Episode 5 |
| Website | Mango Mango |
Index:
Founder Story:
The most interesting and gripping thing about the company is its origin. The founders of the company Lakesha Brown-Renfro, Nzinga Teule-Hekima, and Tanecia Willis, eventually got the idea of their preserve jars which they associate as the party in a jar’ from their already existing event management business Simply Panache.
They made a business out of their first in-demand food product at their events. These three friends grabbed the opportunity and expanded their business and now have their products in stores in Virginia and online too. They started the business with their event business, initially, it took $1000 to make and produce the preserves that filled about 300 jars.
Did Mango Mango get a deal on Shark Tank?
No, the Mango Mango couldn’t secure a deal on Shark Tank. The owners pitched their business seeking $75,000 for a 20% stake in the company. While one of the sharks, Kevin already had an experience in the Jelly company was not happy with the margins and so denied to not invest in the company.
Following Kevin’s decision Raymond too backed out. Robert liked the product but couldn’t see himself making the right decisions and, Lori who usually never preferred mangoes, found the products very delicious, but was quite firm about the fact that the company doesn’t need any sharks but could fund itself from the revenue itself.
The company had raised $138,000 the year before that appeared on Shark Tank. And Lori thought that was needed to be all to its owners.
What happened to Mango Mango after Shark Tank?
Though the three super ladies were not able to crack the deal on Shark Tank, the airing of the episode helped the company to grow. They received an order of 100,000 jars that is 15000 orders in just 48 hours which profited them $300,000.
They also feature and made a debut on QVC and sold out 5 times. Mango Mango was now available in the mid-Atlantic region and in Specialty and Gourmet stores nationally. They also own a restaurant ‘Mango Mangeaux’ today which earns them $1,00,000 each month.
- The owners claim that after shark tank the revenue for the company raised to over a million dollars in sales. In 2021 the revenues rose from $ 3 million to $4.3 million.
- The valuation of the company was $3,75,000 during the pitch and now today the valuation is $3 Million.
- In 2016, they started a cafe named Mango Mangeaux A Simply Panache Bistro which businesses Mango preserves distribution and manufacturing. The recipes and the products that they presented on the show were ‘Mango Mango’ Fruit Dip, ‘Mango Mango’ Dijon Vinaigrette, Mango Ginger Shrimp, and Jammin’ Ginger PARTY Mix Recipe. The recipes they started in the cafes are Avery Panache, a mixture and a blend of half mango tea and half mango lemonade, but the list does not end here.
What’s the net worth of Mango Mango?
The net worth of Mango Mango at the time of pitch was $375,000 and today it’s $ 3 Million as of 2022. In 2021 the revenues rose from $ 3 million to $4.3 million.
Is Mango Mango still in business?
Yes, Mango Mango is still in business in 2023, with their cafe and the many products added. It has spread its business in many regions including online and in-store.
Social Links:
Do Share Your Thoughts:
Do tell us all your thoughts in the comments section below, we look forward to reading all the comments in the section below.
Also, don’t forget to try our Android app 📱 which contains startup case studies and business book insights 📚 , verified business strategies, and no bullshit!!
Related Articles:
- Who are the Sharks and Guest Sharks?
- FiberFix Shark Tank Update
- Hot Tot Shark Tank Update
- Aquapaw Shark Tank Update
- Petnostics Shark Tank Update
- Lucy Drawing Tool Shark Tank Update
FAQs:
What is Mango Mango ?
Mango Mango is a company that offers Mango Fruit preserves that are natural and gluten-free.
What's the net worth of Mango Mango?
The net worth of Mango Mango at the time of pitch was $375,000 and today it’s $ 3 Million as of 2022. In 2021 the revenues rose from $ 3 million to $4.3 million.