Rapid Ramen Cooker Shark Tank Update| Rapid Ramen Cooker after Shark Tank
What is Rapid Ramen Cooker?
Rapid Ramen Cooker is one of the most basic kitchen gadgets that can completely transform your life. The Rapid Ramen Cooker was a big hit since it reduced the cooking time of instant ramen to only three minutes.
The Rapid Ramen Cooker, created by Rapid Brands, is one of the nation’s most popular microwave cooking gadgets. It’s a must-have in the kitchen of every student, working parent, or ramen fan.
Chris Johnson, the owner of Rapid Brands, has always been an entrepreneur. He was initially motivated when, at the age of 16, he had a birthday party and charged admission. While a little cheeky, this motivated him to open Sacramento’s first teen dance club.
After graduating from college, he worked his way up to become the company’s top recruiting agent before starting his own firm at the age of 25. He is presently the Founder and CEO of The Johnson Group and Rapid Brands.
Who is the founder of Rapid Ramen Cooker?
Chris Johnson founded the Rapid Ramen Cooker in 2012. Chris Johnson, a UC Davis alumnus, invented the Rapid Ramen Cooker, a gadget that tackles a dilemma for college students and budget-conscious chefs everywhere.
The cooker allows you to microwave a typical bag of Ramen noodles in half the time and with half the water.
He established the business last year and claims it is the world’s quickest and easiest way to prepare Ramen noodles.
Johnson really strolled into a local Walmart and persuaded the manager to allow him sell the Rapid Ramen there; he managed to sell up! Since then, internet sales have been fast, surpassing four copies sold per minute at times.
What Happened to Rapid Ramen Cooker at Shark Tank pitch?
Chris opted to propose his product on Shark Tank in episode 3 of Season 5 of Rapid Ramen Cooker to help increase his inventory.
Chris entered the Tank with a $300,000 offer for a 10% stake in his company, worth at $3 million. He mentioned that he had over $160,000 in sales and numerous requests to satisfy.
Kevin believes the product is a fad, but he wants in and offers $300,000 with a $1.10 royalty each unit until his investment is paid off, followed by a $0.50 royalty in perpetuity.
Robert then offers $300,000 in exchange for 40% ownership of the company. Chris walks into the hallway to call a buddy, and Kevin and Robert conspire while he’s gone.
When Chris returns, Kevin and Robert make an offer of $300,000 for 25% equity shares with a 75 cent royalty until their money is returned and a 25 cent royalty in perpetuity.
Chris doesn’t like the offer and says he won’t take anything more than 20% equity.
Mark, who had left early, returns and offers $300,000 for 20% equity shares, with half of the investment classified as a loan. Chris counters with $300,000 for 15% equity, which Mark Cuban accepts. Chris finally departed the pitch with a deal.
What Happened to Rapid Ramen Cooker after Shark Tank?
Rapid Ramen is selling well just two weeks after the exhibition. They were selling 25 per minute the week after the program. Chris never completed the deal with Mark Cuban, but Rapid Ramen is quickly becoming available on shop shelves. Rapid Ramen will be available in CVS, Walgreens, HEB, and Relays stores across the country very soon.
Rapid Ramen was widely available by 2014, and Rapid Brands developed microwave cookers for macaroni and cheese, ordinary noodles, rice, brownies, pizza, cereal, and steamed veggies.
Chris teamed with Nissin Foods, the developer of instant Ramen noodles and the Top Ramen brand, in 2016.
Rapid Ramen created a Top Ramen-branded cooker that will be sold in every Top Ramen location worldwide. He also has license agreements with Disney and Nickelodeon to use their characters on his unique product. Chris appears to be on his way to the top!
The firm is still in operation as of December 2021, with annual revenue of $5 million and lifetime sales of more than $55 million.
Net Worth of Rapid Ramen Cooker
The company valuation was $3 million during the pitch. Since then the company have been performing well in sales with annual revenue of $5 million in 2021. This justify that the company net worth had elevated.
Rapid Ramen Cooker FAQs
What is Rapid Ramen Cooker?
Rapid Ramen Cooker is a functional kitchen gadget that allows you to make ramen noodles in three minutes.
Who owns Rapid Ramen?
Chris Johnson began with a basic ramen cooker. Chris Johnson, a local entrepreneur, is now branching out into other cuisines. Johnson, the CEO and founder of Rapid Brands in his hometown, began his firm three years ago with the plastic microwave Rapid Ramen cooker.
How much was asking on Shark Tank?
Chris was asking for $300,000 for 10% equity in Rapid Ramen Cooker.
Did he have the deal?
Yes, He had a deal with Mark Cuban.
How much was the deal?
Mark Cuban offered $300,000 for 15% equity shares of the business that is $150,000 cash and $150,000 in the line of credit.
Is Rapid Ramen Cooker still in business?
The company is still in business with annual revenue of $5 million.
Where is the headquarters of Rapid Ramen?
Rapid Ramen headquarters are located at 15820 Euclid Ave, Chino, California, 91708, USA.
What is the official website for Rapid Ramen?
hppt//www.rapidramen.com is the official website of Rapid Ramen.
What is the revenue of Rapid Ramen?
The revenue of Rapid Ramen is $5 million as of December 2021.
How many people work at Rapid Ramen?
Rapid Ramen employs over 20 people.
What is the business of Rapid Ramen?
Rapid Ramen works in the following industries: Food & Beverages, Food, Beverages & Tobacco, and Manufacturing.
What technology is used by Rapid Ramen?
Rapid Ramen employs the following technologies: Small B at Yahoo.
Can you cook rice in a ramen cooker?
The first step is simple: throw a single scoop of white rice (180 milliliters/6.1 ounces) into the rice cooker pot. Then they’ll need cooked ramen noodles, as well as any toppings and broth that like.
How do you use a ramen cooker?
To begin, place the ramen noodles in the Rapid Ramen Cooker. Then, fill the fill line with water. After that, microwave for four minutes. Take it out, season it, and serve!
How long a ramen cooker should be microwaved?
In just 3 minutes, one can make excellent ramen noodles in the microwave.
Can ramen expire?
The short answer is that they do expire. However, just because the noodles have reached their “expiration” date does not mean one have to throw them away. Ramen noodles may survive 6 months longer than the customary 8 – 12 months if properly packaged and stored.
Is it healthy to eat ramen noodles?
Although quick ramen noodles include iron, B vitamins, and manganese, they are deficient in fiber, protein, and other essential vitamins and minerals.
Furthermore, its MSG, TBHQ, and high salt content may have a detrimental impact on their health, such as raising their risk of heart disease, stomach cancer, and metabolic syndrome.
Do ramen noodles make you constipated?
Furthermore, a low-fiber diet is linked to an increased risk of digestive problems including constipation and diverticular disease, as well as a decrease in good gut bacteria.
According to certain research, consuming instant noodles on a frequent basis is related with poor overall diet quality.
What is the net worth of Chris Johnson?
The net worth of Chris Johnson is approximately $9 million.