Sweetkiwi Shark Tank Episode 16 Update & Net Worth

Sweetkiwi Shark Tank Episode 16 Update & Net Worth

Sweetkiwi, a healthy frozen yogurt brand, made a successful appearance on Shark Tank during Season 14, Episode 16, which aired on March 10, 2023. The company, founded by Ehime Eigbe and co-directed by Michael Akindele, offers a nutritious and delicious alternative to traditional frozen desserts. Sweetkiwi’s frozen yogurt is made with natural ingredients and superfoods, providing a treat that is not only tasty but also beneficial for health.

During their Shark Tank pitch, Ehime and Michael sought $250,000 for 5% equity in their company. After a series of negotiations, they secured a deal with Robert Herjavec for $250,000 for 16% equity. As of April 2024, Sweetkiwi has continued to expand its reach and is estimated to have a net worth of $1.5 million.

What is Sweetkiwi? How Does it Work?

Sweetkiwi is a frozen yogurt brand that stands out for its commitment to using natural, healthy ingredients. The brand offers six different flavors of yogurt, each made from fresh milk and enriched with superfoods. The result is a frozen treat that not only satisfies cravings but also provides nutritional benefits.

Sweetkiwi’s product line includes popular flavors such as vanilla, cookies & cream, chocolate, and raspberry. The yogurt is priced between $38.99 and $58.99 for bulk orders, with individual servings retailing for $5 to $7, depending on the location. The brand’s yogurt is available in major retail stores across the United States, including Whole Foods, Walmart, and Kroger.

In addition to its retail presence, Sweetkiwi is committed to giving back to the community. The company has partnered with Black Girl Ventures and donates 1% of its profits to support the organization’s initiatives.

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Sweetkiwi Shark Tank Episode 16 Season 14: What Happened at Shark Tank Pitch?

In their Shark Tank appearance during Season 14, Episode 16, founders Ehime Eigbe and Michael Akindele presented Sweetkiwi to the Sharks, seeking $250,000 for 5% equity. They highlighted the product’s health benefits, its presence in major retail stores, and the brand’s impressive growth in the U.S. market.

The Sharks were impressed with the product, particularly its taste and the fact that it had already generated over $2 million in lifetime sales. Sweetkiwi was also featured in Whole Foods for more than two years and had recently launched in Kroger stores. Despite the positive feedback, the Sharks were concerned about the valuation, with the initial ask valuing the company at $5 million.

Kevin O’Leary offered $250,000 for 20% equity, but when Ehime and Michael didn’t respond quickly, Kevin withdrew his offer. As Mark Cuban, Daymond John, and Lori Greiner dropped out, things looked uncertain for the founders. However, Robert Herjavec stepped in with an offer of $250,000 for 20% equity. After some negotiation, the founders secured a deal with Robert for $250,000 for 16% equity.

Sweetkiwi Shark Tank Pitch Summary

What Happened to Sweetkiwi After Shark Tank?

Following their successful deal with Robert Herjavec on Shark Tank, Sweetkiwi saw a significant boost in visibility and sales. The exposure from the show helped the company expand its presence in retail stores, including launching in Kroger locations across the United States.

By the end of 2023, Sweetkiwi had surpassed $1.1 million in sales, solidifying its position in the frozen yogurt market.

Robert Herjavec’s investment and guidance have been instrumental in helping Sweetkiwi scale its operations and refine its marketing strategy. The company is also exploring opportunities to expand into international markets, including Canada, Mexico, and the United Kingdom.

How Much Is Sweetkiwi Worth?

As of 2024, Sweetkiwi is estimated to be worth $1.5 million. This valuation reflects the company’s continued growth, successful retail partnerships, and strong customer demand. The brand’s commitment to providing healthy, delicious frozen yogurt has helped it carve out a niche in the competitive dessert market.

Is Sweetkiwi Still in Business?

Yes, Sweetkiwi is still in business and continues to thrive. The company has maintained its momentum following its Shark Tank appearance, with a growing presence in major retail stores across the United States. With the support of Robert Herjavec, Sweetkiwi is poised for further growth and success as it expands its product line and reaches new markets.

Which Episode & Season Number Was Sweetkiwi on Shark Tank?

Sweetkiwi was featured on Shark Tank during Season 14, Episode 16, which aired on March 10, 2023. In this episode, founders Ehime Eigbe and Michael Akindele successfully secured a deal with Robert Herjavec for $250,000 for 16% equity.

Frequently Asked Questions

Who is the founder of Sweetkiwi?
Sweetkiwi was founded by Ehime Eigbe, who started the business in Nigeria before expanding to the United States.

What is Sweetkiwi?
Sweetkiwi is a frozen yogurt brand that offers a healthy and delicious alternative to traditional frozen desserts, made with natural ingredients and superfoods.

Did Sweetkiwi get a deal on Shark Tank?
Yes, Sweetkiwi secured a deal with Robert Herjavec for $250,000 for 16% equity.

How much is Sweetkiwi worth?
As of 2024, Sweetkiwi is estimated to be worth $1.5 million.

Is Sweetkiwi still in business?
Yes, Sweetkiwi is still in business and continues to grow, with products available in major retail stores across the United States.

Which episode of Shark Tank featured Sweetkiwi?
Sweetkiwi was featured on Shark Tank Season 14, Episode 16.