Mama O’s Premium Kimchi Shark Tank Episode 3 Update & Net Worth

Mama O’s Premium Kimchi Shark Tank Episode 3 Update & Net Worth

Mama O’s Premium Kimchi, led by Kheedim Oh and his mother Myung Oh, appeared on Shark Tank Season 14, Episode 3, seeking an investment of $250,000 for 10% equity at a $2.5 million valuation. Despite offering a variety of kimchi products and generating $850,000 in sales in 2021 with projections to hit $1 million in 2022, the founders left without a deal.

While the sharks enjoyed the taste of the product, none of them felt confident enough in the business to invest. Kevin O’Leary, Mark Cuban, and Kendra Scott were concerned about the company’s scalability and sales channels, which were largely offline at the time.

Daymond John showed interest but ultimately decided not to offer a deal. Even without securing an investment, the exposure from Shark Tank boosted Mama O’s Premium Kimchi‘s profile and helped fuel growth in the years following their appearance.

As of 2024, Mama O’s Premium Kimchi continues to thrive with an estimated net worth of $640,000 and a growing presence in major supermarkets.

What Is Mama O’s Premium Kimchi? How Does It Work?

Mama O’s Premium Kimchi is a line of ready-to-eat kimchi and DIY kimchi-making kits that are designed to bring traditional Korean flavors to a wide audience. The company offers a variety of products, including vegan, spicy, and radish kimchi, as well as kimchi paste and dehydrated kimchi flakes. These products are made using natural, probiotic, and vegan ingredients, without unnecessary additives.

Kimchi, a fermented dish made from cabbage and other vegetables, is a staple in Korean cuisine and is known for its health benefits, particularly its rich probiotic content. Mama O’s products are available online through the company’s website and at popular retailers like Whole Foods, Wegmans, Sprouts, and Amazon.

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The company also offers a DIY kimchi kit, allowing customers to easily make their own kimchi at home using their signature paste. These kits come with instructions, making the traditional kimchi-making process accessible even to beginners.

Mama O’s Premium Kimchi Shark Tank Full Episode: What Happened at Shark Tank Pitch?

When Kheedim Oh and his mother Myung Oh appeared on Shark Tank, they asked for $250,000 in exchange for 10% equity. The duo explained that they had generated $850,000 in sales in 2021, and were projecting $1 million in sales for 2022, with a 25% profit margin. They also detailed their kimchi-making process, emphasizing the use of natural, probiotic-rich ingredients.

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The sharks appreciated the product’s taste but raised concerns about its limited online presence and high customer acquisition costs. Despite the growing interest in Asian food and kimchi in particular, none of the sharks made an offer. Kevin O’Leary and Mark Cuban both dropped out early, citing concerns about scalability. Kendra Scott and Lori Greiner felt that while the product was good, it wasn’t the right fit for them.

Daymond John was the last shark to consider an offer but ultimately decided not to invest. Despite leaving without a deal, Mama O’s Premium Kimchi gained significant visibility from their appearance on Shark Tank.

Mama O’s Premium Kimchi Shark Tank Pitch Summary

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What Happened to Mama O’s Premium Kimchi After Shark Tank?

Despite not securing a deal on Shark Tank, Mama O’s Premium Kimchi saw an increase in visibility and demand. Following their appearance, the brand expanded its product line and increased distribution to a wider range of retailers, including Erewhon Market, Sprouts, Walmart, and Costco. They also began to participate in major food shows, like the Kehe Holiday Show in Chicago and continued expanding into more local markets.

Mama O’s Premium Kimchi capitalized on the public’s growing interest in fermented foods and the rising popularity of kimchi in the U.S. market. The company continues to maintain a strong presence in offline sales, especially in health-conscious and specialty food stores, while also building its online sales channels.

As of 2024, Mama O’s Premium Kimchi is available in several high-profile retailers across the U.S., including Whole Foods, Albertsons, and Sprouts, among others.

How Much Is Mama O’s Premium Kimchi Worth?

Mama O’s Premium Kimchi is currently valued at around $640,000, based on its sales growth and market presence. The company projected $1 million in sales for 2022, with a 25% profit margin, which translates to $250,000 in net profit. As the brand continues to expand into new markets and retailers, it is well-positioned to increase its valuation in the future.

Is Mama O’s Premium Kimchi Still in Business?

Yes, Mama O’s Premium Kimchi is still in business as of April 2024. The company continues to sell its products in major retail stores like Whole Foods, Wegmans, Sprouts, Walmart, and Costco. They have also expanded their offerings with new products and kits, making the brand more accessible to a growing audience.

The company remains focused on delivering high-quality probiotic and vegan kimchi products, which have found favor in health-conscious consumers and those looking for authentic, traditional Korean flavors.

Which Episode Number Was Mama O’s Premium Kimchi on Shark Tank?

Mama O’s Premium Kimchi appeared on Season 14, Episode 3 of Shark Tank, which aired on October 7, 2022. Despite not securing a deal, the episode brought increased awareness to the brand and contributed to its continued success in the food industry.