Himalayan Dog Chew Shark Tank Net Worth 2023?
Himalayan Dog Chew is a pet product that appeared on Shark Tank and received a $750,000 investment for 5% of the company. The company had an estimated net worth of around $15 million
Himalayan Dog Chew had $5.6 million in sales the year before appearing on Shark Tank and as of May 2022, the company has annual revenue of $11 million, making its current net worth difficult to estimate.
The company remains in operation today with its products being sold at major pet retailers, Chewy, and Amazon.
Over the course of three years since the pitch, it is likely that the company’s net worth has grown significantly beyond its original valuation; to such an extent that in October 2022 it competes with an annual revenue of $11 million.
What Is Himalayan Dog Chew? Who Is the founder Of Himalayan Dog Chew?
Himalayan Dog Chew is a highly nutritious treat for dogs made from yak cheese that undergoes a proper preparation process.
The founders of Himalayan Dog Chews, Suman, Sujan, and Nishes Shrestha from Washington, spent four years refining the recipe for the cheese to make it safe for dogs by removing lactose from the human-grade cheese.
Himalayan Dog Chews are a new type of dog chew in the market that is gaining popularity among dog enthusiasts. The reason for their popularity is simple – they are made with only four ingredients: yak milk, cow milk, salt, and lime juice.
No strange preservatives, additives, or colors are added to the chews. Additionally, the chews are created and sourced ethically from small-scale Nepalese farmers, even though the company is based in the United States.
In 2003, Himalayan Dog Chews was established by Suman and Sujan Shrestha, along with the assistance of their friend Nishes Shrestha, who was not related to them despite having the same surname.
The inspiration for their business came from one of the brothers observing a dog chewing on the hard cheese that is commonly produced in Nepal. This cheese is made from yak milk, salt, and lime, and is pressed for several days in burlap before being smoked and cured for several months.
After confirming that their product was safe for dogs, the three entrepreneurs made their first sale at a local dog festival in 2007.
Himalayan Dog Chews has since grown significantly, generating more than $1 million in annual revenue, employing over 40 people, and selling their products to more than 5000 stores.
The company also works with a consortium of around 3,000 farmers in the Himalayas who collect cow and yak milk for use in their products.
What Happened To Himalayan Dog Chew At Shark Tank pitch?
In episode 615 of Shark Tank, the Shrestha brothers – Nishes, Sujan, and Suman – presented their product, the Himalayan Dog Chew, a chew toy and snack made from Himalayan Yak milk, with hopes of obtaining funding from the Sharks to expand their business.
They began their pitch by sharing the origins of their company and expressed their desire to grow the organization to a significant size. They asked for $750,000 in exchange for a 5% share in their firm, which they valued at $15 million.
The brothers explained the process of making their product, which involved creating hard, smoked cheese, and distributed samples to the Sharks. They shared that while the cheese was consumed by humans in Nepal, it was slightly processed differently in the United States.
The Sharks enjoyed the cheese puffs and learned that the company had earned $5.6 million in revenue the previous year. However, when asked why they required a Shark, the brothers revealed that they wanted to use half the money to pay themselves, which was not well received by the Sharks.
Mark left the deal, and Lori and Daymond followed suit. Kevin offered a loan of $750,000 at a 10% interest rate plus a 5% equity stake, but he intended to use the funds to expand production. Robert proposed to share the deal with Kevin at a 10% ownership stake.
After a brief intermission, the brothers were given the opportunity to work with all three Sharks, but at a 15% equity stake. However, they politely rejected the offer, and Kevin discussed the significance of having three Sharks.
The brothers countered with $750,000 for a 10% equity stake, but when the Sharks did not agree, they proposed $1.5 million in exchange for a 20% equity stake. The brothers did not want to take on debt, so Lori and Kevin left the deal.
In the end, Robert offered $750,000 for a 15% equity stake, but the brothers refused, ultimately leaving the pitch without securing a deal.
What Happened To Himalayan Dog Chew After Shark Tank?
Despite not reaching a deal, the company persists in expanding and building upon their prior accomplishments. Since the initial release of their products, the company has broadened their product range.
They currently manufacture Ruff Roots made from tree roots found in the Mediterranean Heathland, in addition to a new collection of “Distinctive Dog Treats” under the name of Himalayan Corporation.
Furthermore, they offer leashes, chew toys, and an assortment of other treats. One of the firm’s founders, Sujan Shrestha, gave a Ted Talk in January 2016 about the “AHA Moment.” After introducing new items, the company changed its name to Himalayan Pet. Their products are obtainable at numerous pet retailers, as well as on Chewy and Amazon.
As of January 2022, the company is still operating with an annual revenue of $11 million.
Competitors Of Himalayan Dog Chew
The company has many competitors in the market space, these are; TDBBS , LLC., Scott Pet Inc., Redbarn Pet Products LLC., WellPet LLC., Salix-LLC., Nylabone., Blue Buffalo Co. Ltd. and Coastal Pet Products Inc.
Net Worth Of Himalayan Dog Chew
The company was valued at $15 million during and after the pitch. Since then the company is still operating and the net worth could be higher than that of pitch.
Himalayan Dog Chew FAQs
What is Himalayan Dog Chew?
Himalayan Dog Chew is probiotic pet snacks manufactured by Himalayan Pet Products. These healthy, wholesome treats are made from natural and all-natural ingredients, such as yak and cow’s milk. The treats are manufactured in the US under the supervision of USDA regulation.
Who is the founder?
Himalayan Dog Chew was founded by Sujan and Suman Shrestha in 2003. How to make Himalayan Dog Chew?
How much were they seeking on Shark Tank?
They were seeking for $750,000 for 15% equity of Himalayan Dog Chew.
Did they have the deal?
No, they did not have the deal on the show.
Is Himalayan Dog Chew still in business?
Yes, it is still a well-established business as of January 2022.
Are Himalayan chews recommended by veterinarians?
The Vet Recommended Yak Chews originate in the Himalayas and are created only with the best ingredients that dogs like.
How are Himalayan yak chews manufactured?
Their delectable traditional yak chews are handcrafted in Nepal using only 100 percent yak and cow milk, salt, and lime, and include no preservatives, additions, or artificial chemicals.
Can Himalayan chew cause dogs’ teeth to break?
Puppies under the age of six months should not be fed these snacks, or any treat. Because puppies’ teeth are not permanent and can soon fall out, chewing on goodies might cause harm to their mouth.
What is the shelf life of Himalayan yak chews?
Himalayan Dog Chews have a shelf life of roughly four years after opening the packaging, provided they are kept dry.
How frequently may I offer yak chews to my dog?
Tibetan Dog Chew is a treat and should not be used in place of meals or provided as a meal. They recommend administering 1-2 Tibetan Dog Chews per week for duration of one week. Always ensure that there is an appropriate supply of fresh drinking water.
Can yak chews cause tooth decay?
Cheese blocks and cheese bones, notably yak cheese treats, can be far too tough for normal chewing and can result in a dog’s teeth being shattered.
How long a Himalayan Dog Chew should be microwaved?
Microwave should be 45 seconds at 1000 watts. Allow 2 minutes to cool. Make a handmade puff for the dog.
Do yak chews cause dogs to become ill?
Rawhide is notorious for being harmful for dogs’ tummies. Additionally to making their beloved buddy ill, pieces might become trapped in their digestive tract. Himalayan Yak Chews are 100% safe for canine digestion.
Are Himalayan chews capable of causing diarrhea?
They are extremely durable and perfectly digested. Feeding guidelines: While Himalayan chews are durable, their use by dogs should be limited to a few hours each day. Because of their high protein content, they may cause stomach discomfort in certain dogs, therefore they should be supervised.
What are the best ways to dispose of the ends of a Himalayan Dog Chew?
The Himalayan Dog Chew is a very difficult chew. Dogs must work the end of the reward for hours, softening it with their tongues in order to scrape off little pieces.
What is the net worth of Sujan Shrestha?
The net worth of Sujan Shrestha is not available.
What is the net worth of Suman Shrestha?
The net worth of Suman Shrestha is not available.