KidsLuv Shark Tank Net Worth 2023
As of 2023, Kidsluv’s net worth is estimated to be around $20 million. The company’s annual income is $5 million. Ashi Jelinek, the owner of Kidsluv, appeared on Shark Tank in hopes of getting an offer of $200,000 for an 8% equity in her company.
She successfully raised $1 million before appearing on the show and planned to use that money from sales on expanding the company and hopefully getting Kidsluv on the shelves in stores.
Although she did not get a deal on Shark Tank, she learned a lot from the experience and continued to work hard. As of now, Kidsluv is available in more than 1600 CVS Pharmacy stores across the country and at Walmart.
What is KidsLuv? Who is the Founder of KidsLuv?
KidsLuv is a line of vitamin-enriched drinks that are free of sugar and eco-friendly, designed specifically for children. The brand was featured on an episode of Shark Tank, specifically episode 1118.
The concept for KidsLuv came to Ashi while watching her child play soccer. She observed other parents diluting juice for their kids and became curious about the nutritional content of most juice drinks, which are typically high in sugar and low in essential vitamins and minerals.
This curiosity prompted her to launch her own firm in 2016, which she refers to as a “juice substitute.” Rather than using sugar, she sweetens the drinks with Stevia, a natural sweetener. The four available flavors – coconut, mango, guava, and orange peach – are made with a combination of water, coconut water, essential vitamins and minerals, and natural flavors.
To support her eco-friendly philosophy, Ashi packages KidsLuv in 100% recyclable Tetra Pak paper cartons. Although she has been attending beverage industry events for several years, she has only recently started to gain traction.
Currently, KidsLuv is available for purchase at 21 stores throughout Southern California and four stores in the San Francisco area, as well as online marketplaces like Amazon. A sixteen-pack of KidsLuv costs $37.99, which works out to roughly $2.40 per serving.
KidsLuv Shark Tank Pitch
During season 11 episode 15 of Shark Tank, Ashi and her son Phoenix presented their business seeking $200,000 for an 8% stake, which valued the business at $2.5 million.
Ashi distributed samples of her product, which included the Flying Flamango and Star Struck Coconut drinks that the Sharks enjoyed, although some noticed an aftertaste of Stevia.
Currently, Ashi sells her products in independent grocery stores, and her product has a shelf life of one year. Since February 2018, she has sold $50,000 worth of products and has spent around $150,000-$200,000 on her business thus far.
Ashi had previously raised $1 million through a fundraising campaign with friends and family on a $3.5 million convertible note, which did not please the Sharks.
Ashi claimed to be in negotiations with a large chain retailer to conduct a test, but she only had $50,000 left in her bank account, which worried the Sharks.
Ashi had spent $150,000 on attorneys to protect her formula in the United States and abroad and an additional $57,000 on manufacturing.
Despite Ashi’s efforts, none of the Sharks were willing to invest in her business. Barbara felt that Ashi’s investors were taking responsibility for her errors and subsequently resigned, while Mark felt that Ashi was not the one selling and exited the deal.
Kevin did not have any sell-through data and was eliminated, and Robert was apprehensive about giving Ashi additional money and was also out. Lori was concerned about the state of the business and decided to depart. In the end, Ashi left without a deal.
Despite not getting a deal on Shark Tank, Ashi launched a new flavor called Peach Me, I’m Orange, and KidsLuv is now available at Walmart, Target, Thrive Market, H.E.B., Good Eggs, Stop & Shop, and Amazon. The company has made significant progress and has an estimated annual revenue of $5 million as of July 2021.
KidsLuv Net Worth
As of 2021, KidsLuv has a net worth of $20 million.
KidsLuv Competitors
Kool Aid, Capri Sun, and Naked Juice are all brands that KidsLuv competes with.
KidsLuv FAQS
What exactly is KidsLuv?
KidsLuv is the first zero-sugar, vitamin, mineral, and hydrating beverage developed to provide children with the nutrients they need without the use of harmful sweets.
KidsLuv is a non-GMO product that is also vegan, kosher, and gluten free.
They believe in providing children with the proper nutrients and love that they need.
Who is the founder of KidsLuv?
Ashi Kelinek.
How much was she asking in the Shark Tank?
She was seeking $200,000 for 8% of her company.
Did she get a deal from the Sharks?
The Sharks did not make a deal with her.
Is KidsLuv still in business?
As of 2021, KidsLuv has a net worth of $20 million with an estimated yearly sales of $5 million. Most of his revenue comes from marketing and sales.
What are the main ingredients in KidsLuv?
Water, coconut water, calcium lactate (which serves as a source of electrolytes), organic tastes, and vegan vitamins and minerals
Can they drink KidsLuv on a daily basis?
Of course, they strongly advise it. KidsLuv provides nine important vitamins and minerals, as well as hydration, in a single serving without the extra expense of sugar.
Not only will it leave their children wanting more, but they will do it guilt-free.
Is the packaging for KidsLuv recyclable?
They chose Tetra Pak early on because of their continued commitment to sustainability.
Their Tetra Pak boxes are mostly comprised of paper and ensure the safety and freshness of each serving of KidsLuv – all without the need of preservatives or refrigeration.
Even better, Tetra Pak is the world’s top food processing and packaging solutions firm, collaborating with companies like as KidsLuv to deliver safe food in one of the most environmentally friendly packaging options available.
Is it necessary to refrigerate it once opened?
Yes, while still factory sealed, KidsLuv can be placed on their shelf. Once opened, please store in the refrigerator and consume within 7 days.
How old must their child be to consume KidsLuv?
They recommend this product for children aged one and up.
Why are all the beverages orange?
They employ Beta Carotene to offer Vitamin goodness to each taste of KidsLuv.
Beta Carotene is a naturally occurring, highly pigmented red-orange pigment found in a wide variety of plants and foods.
This pigment is what gives KidsLuv its orange hue.
What does KidsLuv taste like?
KidsLuv is a subtle tasting beverage made with water, coconut water, necessary vitamins and minerals, and organic fruits for flavour.
Is KidsLuv a juice?
Not exactly. They are their ZERO-SUGAR, vitamin- and mineral-fortified natural electrolyte beverage, with just enough organic fruit (5%) to keep their children wanting more.
What sweeteners are used instead of sugar in KidsLuv?
KidsLuv has NO SUGARS – but it does not mean they aren’t delectable! Each of their delectable tastes contains Steviol glycosides, a natural sweetener derived from the Stevia plant.
Due to the fact that Stevia is sweeter than sugar (200-300 times, to be exact).
Even better, Stevia has no calories, has no adverse effect on blood sugar or insulin levels, and is not a cavity-causing substance at the dentist.
Is KidsLuv a good alternative to their children’s daily gummy Vitamins?
Say goodbye to daily gummy vitamins; KidsLuv has here.
With dentists establishing a relationship between candy vitamins and tooth damage and cavities, it’s past time for a more nutritious alternative.
Their liquid Vitamins are taken straight into the bloodstream and avoid the sweet effects associated with their gummy or chewable Vitamins.
How many servings of daily Vitamins are in one box?
In a single 8oz carton, one serving of KidsLuv contains nine vital vitamins and minerals.
Each meal contains 50% vitamin D, calcium (95mg), potassium (25mg), vitamin A (80%), vitamin C (70%) and vitamin E (90%) as well as riboflavin (15%), niacin (100%), vitamin B6 (100%), folate (50%) and vitamin B12 (100%). (95mg). Daily Values are shown in percentages and are based on a 2000-calorie diet.
How many servings of fruit are in KidsLuv?
Each dish includes less than a tenth of a fruit serving. They constantly advocate supplementing their regular healthy balanced diet with KidsLuv.
How much Green Tea is in KidsLuv?
Rest assured that Green Tea was used only for its antioxidant properties.
They like providing nutritious goodness for their infants and are aware that they do not require the additional energy.
Green Tea has less than 1mg of caffeine and does not produce caffeination.
Is KidsLuv manufactured in a nut-free facility?
Their production plant processes coconut, which is classified as a tree nut. However, this is the facility’s sole nut.
What is the net worth of Ashi Kelinek?
Unknown.
Where is KidsLuv headquarters?
Marina Del Rey, California, is the headquarters of KidsLuv.
