Mama O’s Premium Kimchi Shark Tank Net Worth -What Happened to Mama O’s Premium Kimchi after the Shark Tank?
What is Mama O’s Premium Kimchi Shark Tank Net Worth?
Mama O’s Premium Kimchi appeared on Shark Tank in season 14 and asked for $250,000 for a 10% equity at a $2.5 million valuation. They did not get a deal but as of 2023, Mama O’s Premium Kimchi is worth $2.5 million(based on business valuation).
The founders of Mama O’s Premium Kimchi, Mama O, and Kheedim Oh, have a net worth of $2 million USD as of 2022
Mama O’s Premium Kimchi is a business that makes kimchi by hand in an old-fashioned way. The company was presented on Shark Tank Season 14 Episode 3, but the sharks did not invest in it.
Founder Kheedhim Oh and his mother Myung Oh appeared on the show with a deal of $250,000 for 10% equity, which bring the valuation to $2.5 million.
Although Daymond John was almost ready to invest, he decided to go with his gut and not invest in the company. The other sharks were not familiar with kimchi or did not think it would be a good deal for them.
Despite a good pitch, Mama O’s Premium Kimchi did not get an offer from the sharks. There is no information available about Mama O’s Premium Kimchi’s net worth.
What Is A Mama O’s Premium Kimchi? Who Is The Founder Of Mama O’s Premium Kimchi?
Mama O’s Premium Kimchi is a business that makes kimchi by hand in an old-fashioned way. The founder, Kheedhim Oh, started the company by accident when he needed some authentic homemade kimchi for himself.
Mama O’s offers a variety of gourmet kimchi, including original premium kimchi, vegan kimchi, super spicy kimchi, daikon kimchi, baby bok choy kimchi, and white kimchi. They also offer Mama O’s Vegan Kimchi Paste which is a versatile spicy paste that can be used on meats and veggies.
Mama O’s Premium Kimchi appeared on Season 14 of Shark Tank with the hope of receiving an investment of $250,000 for 10% equity but did not receive a deal from any of the sharks.
Despite delivering an exceptional and spicy pitch for their delicious condiment and demonstrating impressive sales of $815,000 the previous year, Mama O’s Kimchi, unfortunately, left the Shark Tank without a deal. It is worth noting that the founder of the brand, Kheedim Oh, started the company with just $50 and a skateboard.
Fans were disappointed with the decision as they loved the pitch as well as founder Kheedhim’s adorable mother. Despite not receiving a deal from the sharks, Mama O’s continues to sell its products in stores and online.
What Happened To Mama O’s Premium Kimchi At The Shark Tank?
Mama O’s Premium Kimchi appeared on Season 14 of Shark Tank with the hope of receiving an investment of $250,000 for 10% equity. The son-mother duo presented four different types of kimchi to the sharks that their brand currently sells to customers.
The average cost for a bag is $3 dollars and is sold in stores for about $10 dollars per bag. Although Daymond John wanted to invest in Mama O’s Premium Kimchi, he decided not to do so. Mama O’s Premium Kimchi did not get any deal in Shark Tank Season 14 Episode 3.
The duo gave an impressive presentation about their company, but the sharks were not convinced about investing in a kimchi business.
Despite the enthusiasm of the team for the product and the potential for growth at home and abroad, due to its popularity, the sharks felt that there were too many risks involved and that the market was too small to make the investment worthwhile.
Despite not getting an investment from the sharks, Mama O’s Premium Kimchi is still in business and has grown since appearing on Shark Tank. The company offers a wide variety of kimchi products made from original Napa cabbage with fish sauce and natural ingredients full of probiotics.
In addition to selling their famous kimchi, Mama O’s presently offers products such as Kimchi Paste, Kimchili, and Dehydrated Kimchi. Moreover, the company sells a kimchi kit that allows users to make their own kimchi at home.
What Happen To Mama O’s Premium Kimchi After The Shark Tank?
Mama O’s Premium Kimchi did not get a deal on Shark Tank. Kevin O’Leary, Mark Cuban, and guest shark Kendra Scott dropped out, while Lori Greiner decided that there was too much risk involved. However, despite not getting an investment from the sharks, Mama O’s Premium Kimchi is still in business.
Kheedim Oh, the founder of Mama O’s Premium Kimchi, is a good businessman and can still grow his company. The viewers of Shark Tank liked the business idea and if the kimchi tastes good then people will definitely buy it.
Mama O’s Vegan Kimchi Paste is a ready-to-use product that can be used to make kimchi at home or enhance everyday dishes.
Is Mama O’s Premium Kimchi still in business?
Yes, Mama O’s Premium Kimchi is still in business as of November 2022. Mama O’s Premium Kimchi offers a variety of ready-to-eat kimchi pastes and DIY kimchi-making kits on its online store. All kimchi products are natural, full of probiotics, and vegan.
The company was started by Kheedim Oh in 2009 by accident when he needed some kimchi for himself. Mama O’s Vegan Kimchi Paste is the perfect ready-to-use product to make your own kimchi at home or to enhance everyday dishes.
Although Mama O’s appeared on Shark Tank Season 14 with the hope of receiving an investment of $250,000 for 10% equity, they did not receive a deal from any of the sharks.
However, the company has continued to grow and generated about $800,000 in gross revenue during the 2021 calendar year. They are projected to hit $1 million dollars in gross revenue during 2022 with net profits estimated to be about 25% of the gross amount.
