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Numilk Shark Tank Update

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If someone is looking to replace the preservatives filled, pre-packaged milk, then NuMilk is their best option. NuMilk offers its customers to buy organic and fresh almond milk. They can make it themselves to purchase it at NuMilk’s selected stores. The essential ingredients are almond and water only and the customers can sweeten their milk by adding maple syrup.

Apart from almond milk, its original flavor, NuMilk also offers barista oat milk and chocolate milk. The almond milk costs only $3.99. NuMilk also uses technology in the best way by customizing the preferences of the customers according to the area in which it operates.

Numilk at a Glance:-

IdeaPlant-based milk making machine
FoundersJoe Savino and Ari Tolwin
Asked For$1,000,000 for 5% equity
Accepted Deal$1million for 7% equity + $1million as loan for 3%equity
SharksMark Cuban
Business statusIn business
Episode No.Season 12, Episode 18
Website https://numilk.com/

Index:

Who were the founders of Numilk?

Ari Towlin and Joe Savino are the founders of NuMilk. Ari was the co-founder of Happy Maple Tree in 2013. For four years, he was the CEO there. Joe worked five years for a harvest beverage group, which he had co-founded. They joined together to invent milk that was natural and raw, without any preservatives and emulsifiers. Joe designed the NuMilk machine.

Did Numilk get a deal on the Shark Tank?

Ari Towlin and Joseph Savino founders of Numilk came on the show in search of investment and expertise from the Sharks. Were they successful to impress one? Bizz Bucket is here to answer that. When they came on the show, they asked for an investment of $1million for 5% equity. After tasting and demonstration, it seemed that the ask was very reasonable in terms of their work and quality of products. Numilk is far better than its competitors’ products as it is manufactured directly into the bottles. Also after tasting the foods and drinks, all the sharks were very impressed.

Numilk founders were especially looking for Mark Cuban to come in as Mark was following a Vegan diet for the last 2 years since their appearance on the show. After that, Barbara Corcoran and Daymond John were confused with the product and went out. Lori said it was not an investable business and was out. Kevin O’Leary gave an offer of $1million at a 1.5% interest rate with a time duration of 3 years along with 5% equity of the company.

Mark gave an offer of $1 million for 7% equity as 5% would not work for him or a $2 million offer which said $1 million for 7% equity and other $1 million for 3% interest rate means on a loan. Ari and Joe were already agreed as they wanted the opportunity to work with Mark. So, they accepted the deal and took their checks.

What happened to Numilk after Shark Tank?

Numilk appeared on the most popular show, American Shark Tank in season 12 episode 18 in search of investment for their business. Coming on the show itself is a big boom for any business to go in talk across the consumers and investors. Numilk also gained huge popularity and support from people for its vegan products. As Numilk founders were able to hit the biggest shark, Mark Cuban which added a rocketing increase in their sales and goodwill.

See also  Montikids Shark Tank Update

Mark Cuban’s suggestions seemed very beneficial for Numilk and its growth across the globe. After the show, Numilk followers also increased to 8000. Currently, they have 9040 followers on their Instagram with a verified tick.  Numilk foods and drinks were also made available to many stores and shops which is consistently increasing their numbers. Accurate sale figures are not into catch but its demand says that the product is still flourishing in the market day by day.

After the show, in a very short period, Numilk founders  Joe and Ari started a kick-start Campaign and earned around $222,000 and also made it available for pre-order. As per the details, the product is all stainless steel with upgraded technology and a mixture of the best components. Hence it was said that it will be ready by 2021, but no updates have been made. Bizz Bucket updates about all the business models that appeared on the Shark Tank and can conclude, that Numilk is a growing brand with some great plans ahead.

Numilk costs $2 for a reusable Numilk bottle, after which it costs $3.99 for every time they refill fresh milk in the bottle. On average, Numilk kiosk generates $ 50,000 revenue and it costs them $30,000 to manufacture, they are forecasting that if in near future they’ll receive more orders then the cost of production can be cut down.

Numilk includes various foods and drinks which are purely vegan, most of the bottled drinks are labeled as Numilk only. Numilk serves its customers’ different flavors which include Chocolate Oats, Plant City, Oatmeal chocolate chip cookies, Almond Flavour, Moonmilk, blueberry pancakes, dairy-free crepes, Classic bowl of cereals and Cashew flavors, etc.

Numilk also partnered with  Chekhub as of 2021. After getting the deal from the show, the company got a valuation of $20 million by Mark Cuban.

Competitors of Numilk:-

  • Beyond Meat
  • Daiya Foods Inc.
  • Danone SA
  • Edem Foods

What is the net worth of Numilk?

As of 2021, Numilk’s net worth is approx. $55millions. Numilk is still growing ahead because of the hard work of its founders and the expertise of Mark Cuban.

Is Numilk is still in business?

Numilk is still in business and growing consistently. As of 2022, it has 9000 plus followers on Instagram and they are very active on its social media.

Numilk social links:

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FAQs:

What is Numilk?

NuMilk offers its customers to buy organic and fresh almond milk. They can make it themselves to purchase it at NuMilk’s

Who founded Numilk?

Ari Towlin and Joe Savino are the founders of NuMilk. Ari was the co-founder of Happy Maple Tree in 2013. For four years, he was the CEO there. Joe worked five years for a harvest beverage group, which he had co-founded.

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