Fish Fixe Shark Tank Net Worth 2023

Fish Fixe was a startup that Lori Greiner invested in and the company’s valuation at the time of the pitch was $1.3 million, however due to the investment, it dropped to $800,000.

Over the course of three years since her investment, Fish Fixe has seen tremendous growth and is now worth an estimated $1.8 million as of 2023, indicating a success story for both Greiner and Fish Fixe that goes to show what smart investments can do.

What is Fish Fixe? Who is the founder of Fish Fixe?

Fish Fixe is an online seafood delivery company that provides sustainably sourced fresh fish, removing the uncertainty associated with finding high-quality fish that is responsibly sourced. Their service simplifies the process of replenishing your seafood supplies by offering recurring deliveries.

Moreover, they have a “Fixe Your Own Box” option that costs $139, allowing you to select the seafood options and delivery date according to your preference. Additionally, they offer a larger box containing 24 servings priced at $199.

Emily Castro and Melissa Harrington, the co-founders of Fish Fixe, met while playing soccer at Texas A&M in the mid-2000s. The Houston-based delivery service is dedicated to making the process of purchasing, preparing, and cooking fish stress-free.

Fish Fixe was founded by Emily Castro and Melissa Harrington, who first met as teammates on the Texas A&M soccer team and remained friends. Melissa has extensive experience in seafood sales and marketing, while Emily previously worked as a division manager for a large liquor distributorship.

After the birth of her second child, Melissa wanted to incorporate seafood into her family’s diet but found it challenging due to her busy schedule. She began vacuum-sealing fish to make it easier to thaw and prepare, not only for herself but also for friends and family, including Emily.

During a vacation together, they discussed the possibility of creating a meal delivery business that would make it easier for families to include fish in their diets. This conversation led to the establishment of Fish Fixe.

Fish Fixe operates similarly to other meal delivery services. You can make one-time purchases or subscribe to a delivery plan. All seafood is responsibly sourced, and the menu is curated based on seasonal availability.

The standard package costs $149 and includes eight different types of fish, each with two 6-ounce servings, enough for two fish dinners per week for two people. Alternatively, for $159, you can choose 16 pieces of fish from the menu, with cooking and defrosting instructions included.

What Happened to Fish Fixe at Shark Tank pitch?

In episode 1307 of Shark Tank, Emily Castro and Melissa Harrington presented their frozen fish delivery business, Fish Fixe, to potential investors.

They were seeking a partner who could help them scale their business and offered a 15% stake in exchange for $200,000. Their company was valued at $1.3 million.

During the pitch, Emily and Melissa highlighted the health benefits of consuming fish and the fact that only 2 out of 10 Americans eat seafood twice a week. They believed that people lacked confidence in purchasing, handling, and preparing fish, which is why their business could help fill this gap.

The entrepreneurs showcased their product by allowing the Sharks to sample shrimp, crab cakes, salmon, and American Red Snapper.

They also discussed the history and services of their company, revealing that their most popular box price is either $149 or $139. In 2021, their revenue was $494,000, and they expect to exceed $1 million in revenue this year. The average order size is $143, and the cost of delivery is $111.

Emily and Melissa were seeking assistance with shipment and shipping expenditures, which account for 11% of their income. They wanted to use third-party logistics to keep shipment times to a maximum of two days.

While Robert could not assist with shipping and logistics, Kevin believed that he could help with client acquisition through his “Chef Wonderful World” and offered $200,000 in exchange for 33.3% equity shares.

Nirav inquired about client retention, and the entrepreneurs responded that they maintain 55% of customers, with subscription income accounting for 75% of overall revenue.

Lori, who was already a customer, offered $200,000 for a 25% stake in the company. After some negotiation, Lori’s offer was accepted, and the pitch concluded with a deal.

Overall, Emily and Melissa were seeking a partner who could help them scale their frozen fish delivery business, and they found one in Lori, who believed in their product and offered to invest in their company.

What Happened to Fish Fixe after Shark Tank?

After the women secured a deal and left the show, Lori’s investment in the company was finalized. She even tweeted a photo of herself chatting with Emily and Melissa on Facetime on the same night.

According to a news release, the company plans to use Lori’s investment to decentralize their distribution and improve their service to clients on the East and West coasts. In addition, the company aims to modify their packaging to make it 100 percent recyclable at the curb.

As of January 2022, the company is still in operation and has generated an annual revenue of $494,000, with projections to surpass $1 million.

Competitors of Fish Fixe

The Fish Fixe Company faces competitions with the following two main competitors; Nascent Seafood Company and Seaport Fish.

Net Worth of Fish Fixe

The company valuation was $1.3 million during the pitch, after the investment done by Lori Greiner the company worth $800,000.

Fish Fixe Shark Tank Updates

Fish Fixe is a frozen seafood delivery service that appeared on Shark Tank Season 13 Episode 6. The founders, Emily Castro and Melissa Harrington, asked the sharks for $200,000 for 15% equity in their business. Lori Greiner made an offer of $200,000 for 25% equity, which the founders accepted.

Fish Fixe delivers perfectly portioned premium seafood to customers’ doors. The company offers a variety of seafood products that have been frozen at the peak of freshness, including salmon, shrimp, crab cakes, and more.

Customers can curate their own box or let Fish Fixe’s Fishmonger select one for them. The company also provides simple thaw, prep, and cooking instructions for each package.

Fish Fixe is still in business as of December 2022. The company is thriving, and customers can still purchase all of its options on the Fish Fixe website. Since airing on Shark Tank, Fish Fixe has fixed its shipping issues and made it possible for orders to reach anywhere in the country within two days.

The company has also changed its packaging to be eco-friendly and recyclable. Fish Fixe’s mission is to help people love seafood by making it easier to buy and cook.

Fish Fixe Shark Tank Table Summary:

ITEM	DESCRIPTION
What is Fish Fixe?	An online seafood delivery company that provides sustainably sourced fresh fish and offers recurring deliveries.
Founder	Emily Castro and Melissa Harrington
Shark Tank Pitch	Seeking a partner to help them scale their business, offered a 15% stake in exchange for $200,000. Valued at $1.3 million.
Deal Made	Lori Greiner invested $200,000 for a 25% stake in the company.
Competitors	Nascent Seafood Company and Seaport Fish.
Current Valuation	The company is worth an estimated $1.8 million as of 2023.
Future Plans	The company plans to decentralize their distribution, improve their service to clients on the East and West coasts, and modify their packaging to make it 100% recyclable.
Revenue	Generated an annual revenue of $494,000 in 2021, with projections to surpass $1 million.

Fish Fixe FAQs

What Is Fish Fixe And How Does It Work?

Fish Fixe is a seafood delivery service that provides perfectly portioned, premium seafood products that have been frozen at the peak of freshness. Fish Fixe’s goal is to make the benefits of seafood easily accessible and a convenient and easy option for all.

Fish Fixe is not a meal delivery service, so customers maintain creative control over each meal. Fish Fixe offers a variety of boxes and types of seafood, or customers can have Fish Fixe choose for them.

The boxes can be purchased once, or a subscription of monthly, every two months, or every three months is also available.

Fish Fixe provides thawing, preparation, and cooking instructions for various recipes, including what seasonings work best, what else can be added to their recipes, and how long everything takes to prepare and cook.

Fish Fixe also provides a link to the Fish Fixe Kitchen, and recipe ideas. Fish Fixe delivers the seafood frozen and safe during transport, packaged well and easy to haul into the house, with dry ice that keeps the seafood frozen and safe during transport.

Who is the founder?

The founders of Fish Fixe are Emily Castro and Melissa Harrington.

What Was The Outcome Of The Fish Fixe Shark Tank Pitch?

Fish Fixe appeared on Season 13, Episode 6 of Shark Tank and pitched their seafood delivery service to the Sharks. They were offering 15% of their business in return for a $200,000 investment.

The Sharks were interested in the business, but Mark Cuban was the first to go out because the company’s primary costs, seafood and shipping, are both variable costs.

Nirav Tolia inquired about Fish Fixe’s customer retention numbers, and the pair mentioned their customer retention rate is 55%, and over 70% of Fish Fixe’s revenue is from their subscriptions.

Ultimately, Lori Greiner made a deal with Fish Fixe. The company’s valuation at the time of the pitch was $1.3 million.

Did Any Shark Invest In Fish Fixe?

Yes, Lori Greiner invested in Fish Fixe during their Shark Tank pitch. She offered $200,000 for 25% equity in the company. The company’s valuation at the time of the pitch was $1.3 million.

What Happened To The Fish Fixe After Its Appearance At The Shark Tank?

After its successful pitch on Shark Tank, Fish Fixe continued to operate and expand its business. The company sweetened its subscription deal with not only pre-portioned, vacuum-sealed seafood, but also by providing cooking instructions and recipes for the customers.

Lori Greiner’s investment helped the company fix their shipping issues and made it possible for orders to reach anywhere in the country within two days.

Fish Fixe also changed their packaging and made it eco-friendly and recyclable. According to a 2022 update, Fish Fixe’s profit soared by 400% since their 2021 Shark Tank appearance.

How much were they seeking on Shark Tank?

They were seeking for $200,000 for 15% equity shares of their company.

Is Fish Fixe still in business?

Yes, the company is still in business as of January 2022.

Where is Fish Fixe located?

The company is based out of San Francisco, California.

How is their business model?

The business model of Fish Fixe involves offering two year subscriptions to deliver frozen seafood such as salmon, shrimp and crab cakes.

What types of fish do they deliver?

They offer frozen seafood including salmon, lobster, crab cakes and shrimp. They deliver these items to clients in the East and West coasts for weekly subscriptions for $139 or $149 depending on the number of people in the subscription package.

What is the target market of Fish Fixe?

The target market of Fish Fixe is people who are looking for sustainably sourced fresh fish.

How did they make the money?

They made the money through subscriptions sales and by offering other services such as store credits, a fish toner, shrimp seasonally and event management.

Where does it deliver from?

They are based out of New York City, but they ship globally.

What is the cost of Fish Fixe?

The cost of Fish Fixe’s service is 149 for 2 servings for two people, and 159 for 4 servings for four people.

What does Fish Fixe deliver?

Fish Fixe delivers 2 servings per week, or 4 servings per week.

Is Fish Fixe vegan friendly?

Yes, Fish Fixe is vegan friendly because they use no animal products in their food products.

What is Fish Fixe shipping cost?

The shipping cost to the East and West coasts is $111.

How long will Fish Fixe take to deliver the order?

The average delivery time for Fish Fixe is 3.2 days from receiving payment from the client.

Does Fish Fixe expire?

No, the items do not expire.

Are the products frozen?

Yes, the items are frozen and shipped in dry ice upon delivery.

How much money does Fish Fixe make per year?

The annual revenue of the company is $494,000 as of January 2022.

How do I pay for Fish Fixe?

The company accepts PayPal, credit cards, debit cards and Venmo when ordering.

Who is the CEO?

The CEO of Fish Fixe is Emily Castro.

What is the net worth of Emily Castro?

Emily Castro has a net worth of $200,000.

What is the net worth of Melissa Harrington?

Melissa Harrington has a net worth of $150,000.