Kombucha Shark Tank Net Worth 2023
The Kombucha Shop’s valuation has skyrocketed in 2021 due to the company’s significant sales. During their pitch, the company was valued at $3.5 million, but by 2022 its net worth has grown to a staggering 4 million USD.
This remarkable growth can be attributed to subsequent investments and savvy financial decisions from their management team, allowing them to capitalize on their success and increase their value even further in 2021 and beyond.
What is Kombucha?
Kombucha is a fermented tea that is naturally sweetened and packed with beneficial probiotics. The process of creating Kombucha involves adding a culture to a mixture of tea, which is then left to ferment.
Once the fermentation process is complete, the Kombucha can be stored in bottles or jars for further consumption either at home or commercially.
For those interested in home brewing Kombucha, there are unique and innovative home brewing gear available that make the process simple, cost-effective, and enjoyable. Kate Field founded Kombucha in 2013 after discovering her passion for the drink while working as a culinary and nutrition instructor for low-income families in Washington, DC.
Her interest in home brewing Kombucha quickly turned into an obsession with spreading the knowledge and skills required to brew Kombucha at home.
Kate, who was dissatisfied with the kit alternatives available at the time, believed that with her expertise, she could create a superior kit that emphasized quality tools and step-by-step instructions.
The brewing process involves the presence of stringy, mushroom-like lumps floating in the Kombucha mixture, which ferments best between 74 and 80 degrees Fahrenheit. However, drinking more than four ounces at a time can cause heartburn, and unpasteurized varieties, including home-brewed Kombucha, can lead to bacterial infections.
Pregnant women should avoid consuming Kombucha altogether, and drinking poor quality Kombucha can cause stomach distress.
Kate’s Kombucha business offers beginner packages priced at $50 and deluxe kits at $80. She hopes that the Sharks would recognize the benefits of Kombucha and invest in her business.
Kate’s dedication to creating quality Kombucha brewing kits has paid off, with The Kombucha now being the largest and most dependable home brew Kombucha brand on the global market after six years and hundreds of thousands of kits sold.
What Happened to Kombucha at Shark Tank pitch?
Kate opted to present her Kombucha product to the investors on Shark Tank in hopes of finding a partner to help achieve her ambitions, after spending a considerable amount of time developing it.
During her appearance on the show, Kate sought $350,000 for a 10% stake in her company, which was valued at $3.5 million.
She demonstrated how to create her product, highlighting that her homemade version only cost 25 cents per serving compared to commercially available Kombucha, which could cost between $2.50 and $5.00 per serving. Kate had lifetime sales of $3.2 million and projected $1.7 million for 2018.
Despite operating alone and incurring no customer acquisition expenses, Kate was looking for a strategic partner to help her break into the retail industry.
Although the Sharks were not impressed with the taste of the samples, they were interested in the business. Kevin offered $350,000 for a 20% stake, while Barbara proposed $200,000 in cash and a $150,000 line of credit for a 10% stake at a $3.5 million valuation. Sara agreed to split the deal with Barbara, and Kate eventually accepted their offer.
However, the deal with Barbara and Sara fell through, and Kate continued to run her Kombucha business independently. She received over 15,000 orders after her Shark Tank appearance and secured a spot in Whole Foods markets in the Midwest.
In January 2021, the CEO of a digital marketing agency, Habib Bakshi, purchased the Kombucha Shop in a multi-million dollar transaction.
His company specializes in increasing e-commerce sales for the fashion and luxury segments and handles approximately $1.8 billion in digitally generated sales. The Kombucha Shop’s annual sales in 2021 are projected to be $2 million and are expected to continue to grow.
Competitor of Kombucha
The company compete with the following competitors; Keurig Dr Pepper, Radico Khaitan, Timothy’s Coffees and SUMOL+COMPAL.
Net Worth of Kombucha
During the pitch the company was valued at $3.5 million and they have made a lot of sales this make the company to increase in valuation in 2021.
Kombucha Shark Tank Updates
Kate Field appeared on Shark Tank in 2018 to pitch her business, The Kombucha Shop, which sells kits for brewing kombucha at home. She asked for $350,000 in exchange for 10% equity in her company.
After some tough negotiations, Sara Blakely and Barbara Corcoran offered $200,000 in cash and a $150,000 line of credit for 10% equity. Kevin O’Leary and Lori Greiner dropped out of the deal.
As of 2021, The Kombucha Shop was acquired by Habib Bakshi, an expert in revenue growth and digital marketing, for a multi-million dollar amount. She left The Kombucha Shop in June 2020. It is unclear who is currently running the business.
The Kombucha Shop’s website is still active and selling kombucha brewing kits. The website offers a variety of kits, including a deluxe kit for $79.99 and a starter kit for $44.994. The website also provides instructions and recipes for brewing kombucha at home.
In summary, The Kombucha Shop was acquired by Habib Bakshi for a multi-million dollar amount in 2021, and it is unclear who is currently running the business. However, the business is still active and selling kombucha brewing kits on its website.
Kombucha Shark Tank Table Summary:
| TOPIC | SUMMARY |
| Valuation | The Kombucha Shop’s valuation during its pitch was $3.5 million, but by 2022, it grew to $4 million due to subsequent investments and smart financial decisions. |
| Kombucha | Kombucha is a fermented tea with probiotics. It is created by adding a culture to a mixture of tea and letting it ferment. There are home brewing kits available, and The Kombucha Shop sells them. |
| Net Worth | The Kombucha Shop’s net worth was $4 million in 2022. Its projected sales in 2021 were $2 million. |
| Updates | In 2021, Habib Bakshi acquired The Kombucha Shop for a multi-million dollar amount. Kate Field left the company in June 2020, and it is unknown who is running the business currently. |
| Shark Tank Appearance | Kate sought $350,000 for a 10% stake in her company, which was valued at $3.5 million. She accepted a deal with Sara Blakely and Barbara Corcoran for $200,000 in cash and a $150,000 line of credit for 10% equity, but the deal fell through. |
| Competitors | Keurig Dr Pepper, Radico Khaitan, Timothy’s Coffees, and SUMOL+COMPAL. |
| Acquisition | In January 2021, Habib Bakshi purchased The Kombucha Shop in a multi-million dollar transaction. |
| Sales Projection | The Kombucha Shop’s annual sales in 2021 are projected to be $2 million. |
Kombucha FAQs
What is Kombucha Shark Tank?
The Kombucha Shop is a business that sells supplies to make Kombucha, a fermented Chinese tea. Kate Field, the founder of The Kombucha Shop, appeared on Shark Tank Season 10 and landed a deal with two sharks, Barbara Corcoran and Sara Blakely.
Kate Field pitched her business, asking for $350,000 for 10% equity, and ultimately accepted an offer of $200,000 cash and $150,000 line of credit for 10% equity from Barbara Corcoran and Sara Blakely.
In 2021, The Kombucha Shop was acquired by Habib Bakshi, an expert in revenue growth and digital marketing, for a multi-million dollar amount. The Kombucha Shop continues to sell Kombucha brewing kits, ingredients, and supplies on their website.
The Kombucha Shop has been featured in various media outlets, including Shark Tank, BuzzFeed, LA Times, Genius Kitchen, and Washington Post.
How does Kombucha Shark Tank works?
The Kombucha Shop is a company that sells kits to brew the fermented tea beverage kombucha at home. The company was started by Kate Field in 2014 with $800 in a storage closet in Madison.
The Kombucha Shop made around $1.2 million in sales last year and has lifetime sales of $3.2 million as of 2018. Kate Field pitched The Kombucha Shop on an episode of ABC’s entrepreneurial pitch competition show “Shark Tank” in 2018.
She asked the sharks for $350,000 in exchange for 10 percent equity in her company. The sharks didn’t like the kombucha samples, but they did like her numbers. Kate Field scored a deal with the sharks and the company has been booming since then.
Kombucha is a fermented drink made from bacteria and yeast mixed with black or green tea and sugar. It is loaded with probiotics, B vitamins, enzymes, and other nutrients. The Kombucha Shop sells kits that include the ingredients and equipment to brew kombucha at home.
The kits range in price from $49 to $8012. The Kombucha Shop’s home-brewed kombucha is just 25 cents a serving, which is much cheaper than commercially available kombucha that typically costs anywhere from $2.50 to $5.002.
what happened to the Kombucha Shop after Shark Tank
The Kombucha Shop, a business that sells supplies to make kombucha, appeared on Shark Tank Season 10 and landed a deal with two sharks. After the show, the company continued to grow and was acquired by Habib Bakshi in 2021.
Bakshi is an expert in revenue growth and digital marketing, and he has taken the company to new heights. Within 8 months of new ownership, Bakshi has taken the #1 selling kombucha home brewing kit both online and via Amazon, to new heights.
The Kombucha Shop has become a burgeoning enterprise that has seen 3x sales thanks to the digital prowess behind its new ownership.
The Kombucha Shop is still active and sells brewing kits, ingredients, and supplies on their website. The website sells different flavor syrups, botanicals, and two different kinds of brewing kits.
The business has been largely successful for the solo-entrepreneur who has made more than $3.2 million in lifetime sales without any investor. The Kombucha Shop has become one of the largest and most reliable home-brew kombucha companies.
What is the current valuation of Kombucha Shark Tank?
The Kombucha Shop appeared on Shark Tank in November 2019. During their pitch, the company was valued at $3.5 million. However, the company’s valuation has since grown to $4 million USD in 2022 due to significant sales.
The Kombucha Shop’s annual sales in 2021 were projected to be $2 million and are expected to continue to grow. The CEO of a digital marketing agency, Habib Bakshi, purchased The Kombucha Shop in a multi-million dollar transaction in January 2021.
The Kombucha Shop began as a kombucha home brewing solution in 2013. The business already had $3 million in sales before appearing on Shark Tank. The Kombucha Shop’s net worth before appearing on Shark Tank was $2 million USD.
Kate Field, the owner of The Kombucha Shop, turned down a deal from the Sharks. Field sold the company she bootstrapped for just under $2 million.
In summary, The Kombucha Shop was valued at $3.5 million during their Shark Tank pitch in 2019. However, the company’s valuation has since grown to $4 million USD in 2022 due to significant sales. The Kombucha Shop’s net worth before appearing on Shark Tank was $2 million USD.
Kate Field, the owner of The Kombucha Shop, turned down a deal from the Sharks. Field sold the company she bootstrapped for just under $2 million.
What is Kombucha?
Kombucha is naturally sweetened, fermented tea that is full of valuable probiotics. It’s made through a process called ‘home brewing’ where the culture gets added to the tea mixture. Once it has finished fermenting, it can be stored in bottles or jars for further consumption at home or commercially.
Who is the founder?
Kate Field is the founder of Kombucha. She is a California native currently residing in Brooklyn, NY.
What is her offer on Shark Tank?
Kate was asking for $350,000 for a 10% stake in her company, which was valued at $3.5 million.
Did she get the offer?
Yes, she did get an offer from Barbara Corcoran. Barbara offers $200,000 in cash and a $150,000 line of credit in exchange for a 10% stake in the firm at a valuation of $3.5 million. The contract actually was never completed.
Is still in business?
The Kombucha is still in business and is growing spontaneously.
Where can you purchase Kombucha?
What are the ingredients?
There are three main ingredients that are absolutely required for making Kombucha at home: tea, sugar and Kombucha culture (also called Kombucha mother).
How is the business model?
The business is a one-person show with ZERO customer acquisition costs.
Is safe to buy online?
Yes it is safe to buy online.
What are the ingredients?
Tea has 800 mg of caffeine
How much Caffeine do you get in 8oz cup of Coffee?
On average, consumers in the US drink 88 cups of coffee per day. If they are one of them, then that means they are ingesting 196 mg of caffeine per cup. Depending on their tolerance, that can range from 100 to 200 mg.
What exactly is it?
That is yeast! And it’s a positive indication that there’s a lot of healthy fermentation going on. Yeast is beneficial.
Is it all right?
Yes, air bubbles are created by changes in air temperature, air movement, or CO2 accumulation. Seeing some air bubbles on a culture during fermentation is quite natural.
How do I pay?
They prefer PayPal.
How long will it take before I receive my Kombucha?
Typically, we ship orders on Monday and Tuesday each week, but there may be occasions when we ship during the weekend as well as all throughout the week if necessary (depending on demand).
What is the opportunity?
This is a great opportunity to market your products and services and also expand business.
Is it legit?
Yes it is legit.
Can I get a refund?
Yes, if the product is not delivered on time one can ask for a refund. Also, if they are looking for a flexible schedule, then this opportunity is not for them because they have to work on weekends.
Their hard work will prove its worth in the end when they earn over $2,000 per month.
