Mango Mango Shark Tank Update | Mango Mango after the Shark Tank Pitch
What is Mango Mango?
Mango Mango is a multipurpose mango preserves that goes well with almost everything. They may spread it on breads, include it into dips, blend it with salad dressings, incorporate it into cocktails, or even use it as a marinade or cooking sauce.
Mango Mango’ is made with four basic ingredients: mango fruit, pure cane sugar, vanilla extract, and fresh lime juice.
This excludes “additional” or “thickening” ingredients such as corn syrup, pectin, gelatin, or carrageenan.
Three ladies who are friends and event planners collaborated to create a mango preserves product.
They created Mango Mango while operating Simply Panache, a party organizing firm.
They use the preserves into several dishes for the different occasions they arrange and host.
Mango Mango preserves were such a popular with their consumers that they decided to expand their production and distribution.
They presently offer their products online, at farmers markets, and in over a dozen Whole Foods Markets and gourmet food stores throughout Virginia.
Who are the Founders of Mango Mango?
Lakesha Brown-Renfro, Nzinga Teule-Hekima, and Tanecia Willis
What happen to Mango Mango at the Shark Tank Pitch?
Nzinga Teule-Hekima, Lakesha Brown-Renfro, and Tanecia Willis appeared on Shark Tank to pitch their “Mango Mango Preserves” for a $75,000 investment in exchange for a 20% ownership in their business. This indicates a $375,000 appraisal.
They lured the Sharks with a range of Mango Mango-based treats, including shrimp and Mango Mango sorbet, after singing their song, “spread it, mix it, shake it, stir it.”
They’ve raised $138K in the last year and are seeking funding for production facilities.
They are adamant about not using a co-packer because they desire complete control over their goods.
Mr. Wonderful explains that he formerly had a jelly firm (who would have guessed) and was dissatisfied with the margins; he views it as a hobby and exits.
The ladies assert that they are working diligently, selling at eight farmer’s markets each week.
Robert continued to pile more Mango items onto his plate – he adores the stuff! The females stated that they could earn money in other ways but desired to party with the Sharks.
Mark was unable to navigate the space due to his lack of knowledge.
Lori stated that while she dislikes Mango, she enjoyed everything she ate and believes they should finance themselves with their earnings. She declares that they do not require the Sharks and exits.
Daymond, who can’t believe Mr. Wonderful was in the jelly business in the first place, followed Kevin’s lead and is now out as well.
Robert is frightened he will consume all the earnings; he is afraid he will make poor selections. Robert is also absent.
Lori expresses relief that the ladies did not get investment, stating that she wants the firm to retain the equity that would have been required to be sold to a Shark.
Mango Mango after the Shark Tank Pitch
Following their appearance on the show, orders for over 15,000 jars flooded in. The preserves are flying off the shelves of Whole Foods Market and Stop & Shop.
Additionally, Mango Mango Preserves are available on QVC, but the ladies did not stop there.
They established the Mango Mangeaux Cafe in Hampton’s Phoebus area in the spring of 2014.
The company is still operating as of August 2021, with yearly sales of $3 million.
Mango Mango Net Worth
The owners appeared on Shark Tank seeking for a $75,000 investment in exchange for a 20% ownership in their business. This indicates a $375,000 appraisal.
Mango Mango Competitors
There is no competitors identified for Mango Mango.
Mango Mango FAQS
What is Mango Mango?
Mango Mango is a multipurpose mango preserves that goes well with almost everything.
They may spread it on breads, include it into dips, blend it with salad dressings, incorporate it into cocktails, or even use it as a marinade or cooking sauce.
Who are the founders of Mango Mango?
Lakesha Brown-Renfro, Nzinga Teule-Hekima, and Tanecia Willis.
How much were they asking in the Shark Tank?
The founders of Mango Mango were asking for a $75,000 investment in exchange for a 20% ownership.
Did they get the deal from the Shark Tank?
No, the founders of Mango Mango did not receive a deal from the Shark Tank.
Is Mango Mango still in business?
Yes, Mango Mango is still in business with yearly sales of $3 million as of August 2021.
Are their preserves sweet?
Yes! Mango Mango is a fruity concoction made of mango, sugar, vanilla, and lime juice.
While their preserves are sweet, comparable to other jams or jellies, they were created to be used as an ingredient, similar to a special sauce, without the corn syrup or other unpronounceable substances found in other goods.
Why is Mango used?
Mangoes are such a versatile fruit, and they’ve simplified their preparation. Their mango preserves may be used in a variety of ways… sweet, savory, and spicy; in fact, over 100.
Distribute it! On toast or bread; combine it! Shake it! Combine cream cheese and fruit for a delectable fruit dip.
Mix red wine vinegar and olive oil to create a Mangolicious salad vinaigrette; Stir it! Combine mango, ginger, and spices for a delectable Mango Ginger Shrimp.
Where do they obtain their mangoes?
Mangoes are a tropical fruit, which they import from tropical locations such as Florida and Peru.
What makes ‘Mango Mango’ Mango Preserves unique from other mango-flavoured jams and jellies? What are the ingredients?
In ‘Mango Mango’ Mango Preserves, the mango fruit is the first and major component.
As a result, each jar includes far more fruit than comparable goods.
Other mango jams/jellies use key components such as passion fruit, orange juice, or sugar/high fructose corn syrup.
What’s the difference between jelly, jam, chutney, and preserves?
Fruit juice is used to make jelly.
Jam is formed from pureed fruit.
Chutney is a condiment made using fruit puree and other components such as vinegar and spices.
Preserves are created from genuine fruit and have a similar consistency to the others but contain a greater proportion of fruit bits.
What is the shelf life of ‘Mango Mango’?
Their preserves have a shelf life comparable to that of other preserves, jams, and jellies, which is around 15-18 months unopened.
When properly refrigerated after opening, the preserves can keep for up to a year.
Does ‘Mango Mango’ Mango Preserves need to be refrigerated?
Yes, after opening, ‘Mango Mango’ Mango Preserves should be refrigerated…if they last that long.
Why is ‘Mango Mango’ more expensive than other jams, jellies, or preserves?
Mangoes are a tropical fruit that is inherently more expensive than other fruits. The mango fruit is the primary component in this recipe.
After they place their order of ‘Mango Mango’, how long will it be until they receive it?
Orders will normally be processed within 7-10 business days. If an item is out of stock, please allow additional processing time.
Is their ‘Mango Mango’ perishable?
Due to the strong acidity of their mango preserves, spoilage is nearly impossible if the jar has not been opened or the top has not been compromised.
Each jar of mango preserves has been heat sealed in an FDA-approved procedure that ensures they will remain shelf stable unopened for at least 15-18 months under the jam/jelly standard.
What is their refund policy?
Their Mango Mango orders are final and non-refundable. The cost of shipping is non-refundable.
As a tiny, emerging business, they do not have the same latitude in terms of taste and return policies as other larger merchants.
What if they want to cancel their order or switch a product after they have placed it?
All orders are final and cannot be cancelled or modified after they have been submitted.
Orders are sent directly to their fulfilment centre, which ensures that they are processed and dispatched to customers as quickly as possible.
As a result, they are unable to make cancellations or adjustments.
The ‘Mango Mango’ jar size or product that they want to order says “out of stock” or “back-order” what does that mean?
If they order an item that is out of stock or on back order, this simply means that the order will take slightly longer to process since the item must be restocked before it can be shipped to them.
Their turnaround time for restocking items is varied, depending on the availability of their jars and other materials, etc.