Kombucha Shark Tank Update| Kombucha after the Shark Tank
Table of Contents
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.
They provide unique and inventive home brewing gear that makes brewing at home simple, economical, and enjoyable.
Kate Field founded Kombucha in 2013 after discovering her enthusiasm for Kombucha while working as a culinary and nutrition instructor for low-income families in Washington, DC.
What started as a side pastime rapidly turned into an obsession with spreading the information and abilities of home brewing Kombucha.
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.
Kombucha contains trace levels of alcohol due to fermentation. It has a vinegar-like flavor, yet it’s popular with health foodies these days.
Drinking more than four ounces at a time can induce heartburn, and unpasteurized variations, such as home-brewed kinds, can lead to bacterial infection.
Drinking poor Kombucha might cause stomach distress. It should not be consumed by pregnant women.
Stringy, mushroom-like lumps float in a full batch of Kombucha. It ferments best between 74 and 80 degrees Fahrenheit.
A beginner package will cost you $50, while a deluxe kit will cost you $80. Kate is hoping that the Sharks would see the advantages of Kombucha and engage in the business.
Who is the founder of Kombucha?
Kate Field is the founder of Kombucha. Kate Field is the founder of Kombucha. She is a California native currently residing in Brooklyn, NY.
She started as a side pastime rapidly turned into an obsession with spreading the information and abilities of home brewing Kombucha.
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.
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.
Within a few months, Kate found a tiny area to rent in a warehouse and began assembling her first brewing kits.
After six years and hundreds of thousands of kits, The Kombucha is delighted to be the largest and most dependable home brew Kombucha brand on the market worldwide.
What Happened to Kombucha at Shark Tank pitch?
Kate chose to deploy her Kombucha product in front of the Shark Tank investors to partner together to achieve their ambitions after a lengthy period of development.
Kate appears on Shark Tank, seeking $350,000 for a 10% stake in her company, which is valued at $3.5 million.
She makes her presentation and demonstrates how to create her goods to the Sharks. Kombucha may be purchased commercially for between $2.50 and $5.00.
Kate’s homebrew costs only 25 cents each serve. Her lifetime sales total $3.2 million, and she intends to conclude 2018 with $1.7 million. She operates as a one-woman show with ZERO customer acquisition expenses.
She’s searching for a strategic partner to assist her break into the retail industry.
The Sharks aren’t thrilled with the taste of their samples, but they adore the business.
Kevin offers $350,000 for a 20% stake in the company, valued at $1.75 million.
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.
Sara wants to divide the contract with Barbara, and Barbara agrees, and Kate eventually accepts the deal.
What Happened to Kombucha after the Shark Tank?
Despite the pitch, the contract with Barbara and Sara was never completed; the Kombucha is still in business and is growing spontaneously.
Following the event, Kate handled over 15,000 orders and gained access to Whole Foods markets in the Midwest.
Habib Bakshi, the CEO of a digital marketing agency focusing on increasing ecommerce sales for the fashion and luxury segments, purchased the company in a multi-million dollar transaction in January 2021.
His company handles approximately $1.8 billion in digitally generated sales. Kombucha Shop’s yearly sales will be $2 million in 2021, and it will 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 FAQs
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.
