Pie Wine Shark Tank Update Season 15 Episode 1

Pie Wine Shark Tank Update | Season 15 Episode 1

Pie Wine, a sparkling wine designed to pair perfectly with pizza, made its debut on Shark Tank Season 15, Episode 1. Entrepreneurs Kevin Klein and Josh Green created this unique product to complement pizza slices with sweet, crisp, and bubbly flavors.

Despite receiving no investment from the sharks, the company saw a surge in sales after their appearance on the show and continues to grow. So, what happened to Pie Wine after Shark Tank? Let’s dive into their post-show success and where the company stands today.

What is Pie Wine? How Does it Work?

Pie Wine is a sweet, sparkling wine designed specifically to be enjoyed with pizza, marketed as “Pizza’s New Side Piece.” The idea behind the product is to offer a beverage that pairs perfectly with the flavors of a pizza slice, making it a unique alternative to traditional drink choices like beer or soda.

Pie Wine comes in three flavors:

1. Crisp White Wine
2. Sweet Za Wine
3. Red Wine

The wine is available in 12 oz cans, making it a convenient, on-the-go beverage option. A 4-pack of Pie Wine retails for $20, offering a new way to enjoy pizza with a sparkling twist. The founders are also expanding the distribution of their product, offering it through online sales and in various retail locations across several states.

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Pie Wine Shark Tank Episode 1 Season 15: What Happened at Shark Tank Pitch?

In Season 15, Episode 1 of Shark Tank, Kevin Klein and Josh Green entered the tank asking for $200,000 for 7.5% equity, giving the company a valuation of $2.6 million. They pitched Pie Wine to the sharks, explaining their unique concept of a sparkling wine crafted specifically to accompany pizza.

The sharks were impressed by the wine’s taste and how well it paired with pizza. At the time of the pitch, Pie Wine was already being distributed in 8 states with wholesale distribution commitments totaling $300,000 to $400,000. Kevin and Josh projected sales of $6.5 million by the end of 2023 and aimed to expand to 18 states within a short time frame.

However, the sharks had concerns about the business being too early-stage and the intense competition in the beverage market. While the product and concept were well-received, none of the sharks were willing to make an investment.

Kevin O’Leary revealed that he was planning to start his own sparkling wine company, which further complicated the situation.

Ultimately, Pie Wine did not secure a deal on Shark Tank.

Pie Wine Shark Tank Pitch Summary

What Happened to Pie Wine After Shark Tank?

Although Kevin and Josh left Shark Tank without a deal, the exposure from the show provided a significant boost to their business. Within four days of the episode airing, all of Pie Wine’s stock sold out, prompting the company to restock on October 3, 2023.

 The founders later announced that Pie Wine would soon be available at Westfield Topanga, a prominent shopping center in Los Angeles.

The surge in demand after their appearance on Shark Tank helped Pie Wine build momentum, and they continue to grow their brand. Although they didn’t receive investment from the sharks, Kevin and Josh have committed to expanding their distribution across more states and refining their online sales strategy.

How Much Is Pie Wine Worth?

As of 2024, Pie Wine’s net worth is estimated at $0.5 million. This figure is based on the company’s sales performance, including their $1 million in lifetime sales since their launch in 2022. The beverage market, especially in the wine sector, is highly competitive, but Pie Wine has managed to carve out a niche with its unique product aimed at pizza lovers.

With the company’s growing distribution and the viral impact of their Shark Tank appearance, Pie Wine’s valuation is likely to increase as they expand into new markets and boost their brand awareness.

Is Pie Wine Still in Business?

Yes, Pie Wine is still in business and thriving. Since their Shark Tank appearance, they have restocked their inventory multiple times due to high demand and continue to sell their products through their website and retail locations.

 The founders, Kevin Klein and Josh Green, remain dedicated to expanding their brand and introducing more consumers to their sparkling wines that pair perfectly with pizza.

Which Episode & Season Number was Pie Wine Shark Tank?

Pie Wine appeared on Shark Tank Season 15, Episode 1, which aired on September 29, 2023. Kevin Klein and Josh Green pitched their sparkling wine business, designed to complement pizza, but left without a deal.

FAQs

What is Pie Wine?
Pie Wine is a sparkling wine designed specifically to pair with pizza. It comes in three flavors: Crisp White Wine, Sweet Za Wine, and Red Wine, and is sold in 12 oz cans.

Did Pie Wine get a deal on Shark Tank?
No, Pie Wine did not secure a deal on Shark Tank Season 15, Episode 1, despite positive feedback from the sharks.

How much does Pie Wine cost?
A 4-pack of 12 oz cans of Pie Wine retails for $20, making it an affordable option for wine lovers and pizza enthusiasts.

What is Pie Wine’s net worth?
As of 2024, Pie Wine’s net worth is estimated at $0.5 million, with projected growth as the company expands into new markets.

Is Pie Wine still in business?
Yes, Pie Wine is still in business. After their Shark Tank appearance, the company experienced a surge in demand and continues to grow its distribution.

Who are the founders of Pie Wine?
Pie Wine was founded by Kevin Klein and Josh Green, two best friends who started the company in 2022.