Kahawa 1893 Coffee Shark Tank Episode 14 Update & Net Worth
Kahawa 1893 Coffee Shark Tank Episode 14 Update & Net Worth Kahawa 1893 Coffee, a premium Kenyan coffee brand, appeared on Shark Tank Season 14 with a mission to empower women farmers in Africa. Founded by Margaret Nyamumbo, the company aims to provide fair compensation to the women who produce 90% of the coffee. Margaret…
Kahawa 1893 Coffee Shark Tank Episode 14 Update & Net Worth
Kahawa 1893 Coffee, a premium Kenyan coffee brand, appeared on Shark Tank Season 14 with a mission to empower women farmers in Africa. Founded by Margaret Nyamumbo, the company aims to provide fair compensation to the women who produce 90% of the coffee.
Margaret pitched her brand to the sharks, seeking $350,000 for 5% equity, and successfully secured a deal with Emma Grede for $350,000 for 8% equity. Let’s dive into what happened during the pitch and explore the journey of Kahawa 1893 after Shark Tank.
What is Kahawa 1893 Coffee? How Does It Work?
Kahawa 1893 is a premium coffee brand that sources its beans directly from women farmers in Kenya, Rwanda, and Congo. The brand’s mission is twofold: to bring the finest African coffee to the world while ensuring the women behind the production receive fair compensation.
Through a unique tipping program, customers can scan a QR code on the coffee packaging to tip the farmers directly, and Kahawa 1893 matches every tip.
The coffee is available in various blends, including:
- Kenyan Single Origin
- Serengeti Blend
- Safari Blend
- Ethiopian Blend
The brand also offers tea alongside its coffee products. The retail price for a 12 oz bag of coffee ranges from $16.99 to $19.99, with the company ensuring transparency and sustainability in its supply chain.
Kahawa 1893 Shark Tank Episode 14: What Happened at Shark Tank Pitch?
During her Shark Tank pitch, Margaret Nyamumbo asked for $350,000 for 5% equity in Kahawa 1893, valuing the company at $7 million. She explained her mission to the sharks, focusing on how her brand compensates the 90% of women farmers who work on coffee farms but rarely own land.
Margaret shared key business insights:
- Cost to produce a bag of coffee: $5.50
- Wholesale price: $8
- Retail price: $14.99
- Sales: In the last 12 months, the company generated $2 million in revenue, and $10,000 in tips had been given to women farmers.
Despite initial skepticism from Kevin O’Leary regarding the valuation, Emma Grede was drawn to the mission and offered $350,000 for 12.5% equity. After some negotiation, Margaret secured Emma’s deal for $350,000 in exchange for 8% equity.
Kahawa 1893 Shark Tank Pitch Summary
| Company Name | Kahawa 1893 Coffee |
| Founder | Margaret Nyamumbo |
| Product | Premium African coffee sourced from women farmers |
| Amount Asked For | $350,000 for 5% equity |
| Final Deal | $350,000 for 8% equity |
| Investor | Emma Grede |
| Season & Episode | Season 14, Episode 14 |
| Lifetime Sales | $6 million estimated |
| Business Status | In Business |
| Current Net Worth | $4.3 million |
What Happened To Kahawa 1893 Coffee After Shark Tank?
Since Shark Tank, Kahawa 1893 Coffee has continued to thrive, with projected sales expected to exceed $4 million in 2023. The brand has expanded its retail presence, being stocked in Trader Joe’s, Target, The Fresh Market, and Sprouts. Additionally, the company has gained further visibility through media features in New York, Elite Daily, and the Robb Report.
With Emma Grede on board, the brand has leveraged her expertise to enhance its marketing strategies and expand into new markets. The company continues to empower women farmers through its unique tipping program, matching every customer tip to further support the labor force behind its coffee production.
How Much Is Kahawa 1893 Coffee Worth?
As of 2023, Kahawa 1893 Coffee is estimated to be worth $4.3 million. The company has experienced rapid growth since its launch in 2017, driven by its mission to deliver premium African coffee while supporting women farmers. With sales increasing year by year, the company’s valuation is expected to continue rising, especially with its expanded retail distribution.
Is Kahawa 1893 Coffee Still in Business?
Yes, Kahawa 1893 Coffee is still very much in business as of July 2023. The company has grown significantly since its inception, with its products available in over 768 retail stores across the United States, including Trader Joe’s, Target, and Sprouts. With its mission of empowering African women farmers resonating with customers, the brand continues to expand its reach.
Which Episode Number Was Kahawa 1893 Shark Tank?
Kahawa 1893 Coffee was featured on Shark Tank Season 14, Episode 14, which aired on February 17, 2023.
FAQs
Who founded Kahawa 1893 Coffee?
Margaret Nyamumbo founded Kahawa 1893 Coffee in 2017. She grew up on a coffee farm in Kenya, where her family had been involved in the coffee industry for generations.
What is the cost of a Kahawa 1893 coffee bag?
The price for a 12 oz bag of Kenyan Single Origin Coffee ranges from $16.99 to $19.99, depending on the product type.
Did Kahawa 1893 get a deal on Shark Tank?
Yes, Margaret Nyamumbo secured a deal with Emma Grede for $350,000 for 8% equity in Kahawa 1893 Coffee.
How much is Kahawa 1893 worth?
As of 2023, Kahawa 1893 is valued at $4.3 million.
Is Kahawa 1893 still in business?
Yes, Kahawa 1893 is still in business and continues to grow, with products available in major retail stores across the U.S.
