Did Snacklins secure an investment on Shark Tank Season 11? Yes, Snacklins successfully secured an investment from Mark Cuban on Shark Tank Season 11. The deal was for $250,000 in exchange for 5% equity and 5% advisory shares in the company.
Summary
- Snacklins, a healthy, vegan alternative to pork rinds, appeared on Shark Tank Season 11.
- The founders sought $250,000 for 2.5% equity in their company.
- Mark Cuban offered $250,000 for 5% equity and 5% advisory shares.
- The founders accepted Mark Cuban’s offer.
- The Shark Tank appearance and subsequent investment helped boost Snacklins’ brand awareness and sales.
Snacklins Shark Tank Update | Shark Tank Season 11
What are Snacklins?
Snacklins are a revolutionary snack that offers a healthier, vegan alternative to traditional pork rinds.
Made from a simple blend of yuca, mushrooms, and onions, these puffed chips boast a satisfying crunch and a burst of flavor.
What sets Snacklins apart is their commitment to clean ingredients and their ability to cater to various dietary needs, being both vegan and gluten-free.
The Snacklins Pitch on Shark Tank Season 11
| Entrepreneurs | Samy Kobrosly and Jeff Courter |
|---|---|
| Business | Snacklins |
| Ask | $250,000 for 2.5% equity |
| Deal | $250,000 for 5% equity and 5% advisory shares |
| Sharks | Mark Cuban |
| Season | 11 |
| Original Air Date | November 10, 2019 |
| Website | Snacklins |
| Key Points of Pitch |
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| Why Sharks Accepted |
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The Shark Tank Deal
1. Mark Cuban’s Investment
The Snacklins pitch resonated with billionaire investor Mark Cuban, known for his keen eye for spotting promising ventures.
Impressed by the product’s uniqueness, the founders’ passion, and the brand’s growth potential, Cuban decided to make an offer.
His investment of $250,000 provided Snacklins with a much-needed financial boost to fuel their expansion plans.
2. Terms of the Deal
Cuban’s offer came with a slight twist. Instead of the initially requested 2.5% equity, he proposed a 5% equity stake in the company.
Additionally, he sought 5% in advisory shares, granting him a voice in the company’s strategic decisions.
While this meant giving up a larger share of their company, the founders recognized the value of Cuban’s expertise and network, ultimately accepting his offer.
Snacklins After Shark Tank
1. Impact of the Shark Tank Appearance
The Shark Tank appearance served as a powerful catalyst for Snacklins’ growth. The national exposure catapulted the brand into the spotlight, introducing it to millions of potential customers across the country.
The immediate surge in demand led to a significant boost in sales, validating the product’s appeal and market potential.
Moreover, the endorsement from a high-profile investor like Mark Cuban lent credibility to the brand, further bolstering consumer confidence.
2. Company Growth and Expansion
With the Shark Tank investment and heightened brand awareness, Snacklins embarked on an ambitious expansion journey.
They ramped up production to meet the growing demand, expanded their distribution network, and secured shelf space in major retailers nationwide.
This strategic expansion made Snacklins readily available to a wider audience, contributing to sustained sales growth and market penetration.
3. New Product Launches
Building on their initial success, Snacklins continued to innovate and expand their product line. They introduced new flavors and varieties, catering to diverse taste preferences and dietary needs.
This ongoing product development not only kept the brand fresh and exciting but also attracted new customers and encouraged repeat purchases.
Snacklins Today
1. Current Market Presence
Today, Snacklins has firmly established itself as a prominent player in the healthy snack market.
The brand enjoys a strong presence in major retailers across the United States, making it easily accessible to health-conscious consumers.
Its diverse product line, comprising various flavors and formats, caters to a wide range of taste preferences.
The company continues to prioritize its commitment to quality ingredients and sustainable practices, further solidifying its reputation as a trusted brand.
2. Future Plans
Snacklins’ journey is far from over. The company remains focused on innovation and growth, constantly exploring new ways to delight its customers.
It aims to further expand its distribution network, reaching even more consumers across the globe.
The brand also plans to continue introducing exciting new products, pushing the boundaries of healthy snacking.
With its strong foundation and ambitious vision, Snacklins is poised for continued success in the years to come.
FAQs
Are Snacklins still in business?
Yes, Snacklins is thriving and continues to expand its market presence.
Where can I buy Snacklins?
Snacklins are available in a wide range of major retailers across the United States, including Whole Foods Market, Target, and Walmart. You can also purchase them online through the Snacklins website or other e-commerce platforms.
What flavors of Snacklins are available?
Snacklins offers a variety of flavors to satisfy different taste buds, including:
- Original
- Barbecue
- Nacho
- Chesapeake Bay
- Buffalo
They also have a line of “Cracklins” which are seasoned puffed chips made from yuca.
Are Snacklins healthy?
Compared to traditional pork rinds, Snacklins are considered a healthier option. They are vegan, gluten-free, and made with simple, wholesome ingredients. They are also lower in calories and fat than pork rinds. However, like any snack, they should be enjoyed in moderation as part of a balanced diet.
The Bottom Line
Snacklins’ success story is a testament to the power of innovation, perseverance, and strategic partnerships. By creating a unique and delicious product that caters to evolving consumer preferences, the founders tapped into a lucrative market niche.
Their compelling pitch on Shark Tank and subsequent investment from Mark Cuban propelled their brand to new heights. The company’s continued focus on quality, expansion, and innovation ensures that Snacklins will remain a beloved snack for years to come.
