Millet Tots Shark Tank Net Worth 2023
As of March 2023, the net worth of Millet Tots, a product by Rollin Greens, is not available. However, in September 2021, the net worth of Chef Ko’s Millet Tots was around $700,000.
The company has also received an investment from Robert Herjavec on Shark Tank Season 11. In August 2022, Rollin Greens’ net worth was reported to be $4 million.
What is Millet Tots? Who Founded Millet Tots?
RollinGreens, founded by Ryan and Lindsey Cunningham in May 2015, specializes in Millet Tots, which are made using millet primarily sourced from Colorado’s CleanDirt Farm.
The Millet Tots come in three flavors, namely Original, Italian Herb, and Spicy Sweet. The business started as a meal delivery truck service and was named after Ryan’s parents’ 1980s delivery service with the same name.
However, the Cunninghams closed the truck delivery service in the same year to concentrate on producing Millet Tots for sale through third-party retailers and later expanded to frozen packaged meals.
In 2016, RollinGreens partnered with Sage V Foods for distribution and manufacturing purposes. By 2017, the company’s product was being sold in select locations in their immediate area, and they were seeking $500,000 in funding to expand nationwide.
Chef Ko, another name for Ryan Cunningham, pursued a career as a chef and catered hundreds of events with Lindsey. Customers loved the plant-based meals and queued up for the unique and delectable cuisine.
To keep up with demand for Millet Tots, RollinGreens began selling their product in local and national retail outlets. Today, the company has expanded to over 4,000 locations.
Millet Tots are available for purchase directly from the manufacturer in a 6-box bundle for $66.99 or a variety pack for $71.99.
Ryan Cunningham is a native of Boulder and was one of the first to open a restaurant in the area.
He also worked at one of Los Angeles’ most prestigious restaurants and is well-known for his creative and nutritious dishes that are simple to make yet packed with flavor.
Millet Tots Shark Tank Pitch
Cauliflower “chicken wings” promptly followed their arrival. These “wings” are available in three varieties: Teriyaki, Spicy Green Buffalo, and Sweet Mustard, and can be found in many large supermarkets across the country, such as Whole Foods Market and Wegman’s. However, if you purchase them online, they can be quite expensive, with a six-pack of 11.5-ounce tots costing $72.
RollinGreens, the company behind the cauliflower “chicken wings,” is seeking $500,000 for a 10% stake in their business, which would give them a $5 million valuation.
When Chef Ryan presented their products on Shark Tank, the Sharks were impressed with the distinctive whole grain millet tots and cauliflower wings, as well as RollinGreens’ rapid expansion from $320,000 to over $700,000.
Despite their recent revenue spike, RollinGreens is still operating at a loss due to their ongoing investment in the business.
The Sharks are concerned about their long-term fundraising strategy, which includes a $2 million raise in this round, and advise the Cunninghams to identify investors who can help the business expand rather than attracting investors based solely on financial amounts that do not reflect success.
The Sharks are also worried about RollinGreens’ profit margins, which are only about 35%, leaving insufficient money to reward the Cunninghams and other investors.
While Daniel Lubetzky would make an excellent partner for RollinGreens, he does not believe he can save every clean-eating firm.
Lori Greiner had planned to partner with Daniel to make an offer, but she also withdrew after learning of his reservations.
Ultimately, all the Sharks, except for Robert Herjavec, declined to invest in RollinGreens due to concerns about their overall business model.
Robert, however, admires the Cunninghams’ cuisine and offers $500,000 for a 20% ownership in the business, which they accept. However, the deal with Robert was never completed.
Since their appearance on Shark Tank, RollinGreens has expanded their reach, with their frozen products now available in nearly 5000 locations throughout the US, including Wegman’s, Big Y, and Walmart. Consumers can also purchase their products directly from the company.
Millet Tots Net Worth
Millet Tots’ net worth is around $700,000.
Millet Tots Competitors
Unknown.
Millet Tots FAQS
Are millet Tots nutritious?
Millet Tots are the market’s only non-potato, whole grain tot. Vegan and gluten-free, these crispy snacks are a healthier take on comfort food.
What is the composition of millet Tots?
Our tots are made from millet pseudograin. This superfood is hypoallergenic, readily digested, and has a low glycemic index.
Additionally, it is gluten-free and nutrient-dense.
Is Rolling greens still in business?
The firm has maintained its direct-to-consumer delivery of frozen food.
As of November 2021, they were available at over 5000 locations nationwide, including Wegman’s, Big Y, and Walmart.
Is millet a better alternative than potatoes?
Millet is the obvious nutritional option.
White potatoes, on the other hand, are nutritionally deficient and are classed as a nightshade vegetable due to the presence of a chemical called solanine.
Solanine may cause inflammation in certain people, particularly those who suffer from digestive problems or autoimmune illness.
Did Millet Tots get an investment from the Sharks?
Yes, they received an investment from Robert who invested $500,000 in exchange for 20% of the business.
What are millet Tots?
Millet Tots are healthy, gluten-free, vegan and children’s food that are made from a health powerhouse of whole grain millet.
Comes in three different flavours: Teriyaki, Buffalo and Sweet Mustard!
Are Millet Tots gluten-free?
Yes! Millet Tots are gluten-free, vegan and made from a superfood called millet, whose nutritional benefits are well-documented.
Millet is high in protein and fibre, and is a good source of many vitamins and minerals.
It’s also a great stand-in for potatoes, whose glycemic load is higher than that of millet.
What are the strengths of Millet Tots?
Millet Tots are a great alternative to white potatoes, and they’re the only whole grain tots and snack on the market!
Are Millet Tots good for diabetics?
Millet Tots are healthy, gluten-free, vegan, and contain fewer calories than potato chips.
All of these attributes make Millet Tots a great snacking option for active people or those looking to lighten their diet or cut calories.
What is the best way to store Millet Tots?
To prepare Millet Tots for storage, simply refrigerate them within two hours of opening and bring them back to room temperature before serving.
Is there a shelf life for Millet Tots?
Millet Tots can be kept at room temperature for up to three days without the product becoming inedible.
Packaging with zip-top lids allows customers to serve their Millet Tot right out of the packaging.
Who founded Millet Tots?
Ryan and Lindsey Cunningham are the founders of Millet.
What are some of the ingredients used in the Millet Tots?
Millet Tots is made without any animal products, artificial flavours or additives.
The ingredients in this product include organic millet, organic whole cane sugar, salt and baking soda.
When was Millet Tots featured on Shark Tank?
Millet Tots was featured on Shark Tank in 15, May 2021.
How is Millet Tots’ gross margin calculated?
Millet Tots’ gross margin ratio comes out to 35.
What is the net worth of Millet Tots?
Millet Tots’ net worth is around $700,000.
They purchased many amounts of something when they intended to purchase only one. Are they eligible for a partial refund?
Yes, please contact customer care at [email protected] within 24 hours to get a partial refund to the original method of payment.
When are they going to receive my refund?
Refunds might take between five and ten business days to appear in their account, depending on their bank.
If customers have not received their refund within ten business days, they should contact customer service at [email protected], who would gladly assist them.
What is the net worth of Ryan Cunningham?
Unknown.
What is the net worth of Lindsey Cunningham?
Unknown.
