Veggie Mama Shark Tank Update | Veggie Mama after the Shark Tank Pitch
What is Veggie Mama?
Veggie Mama is a frozen pops brand produced from natural fruits and vegetables and pure agave nectar. Cucumber Citrus, Carrot Berry, and Sweet Potato Pie are among the flavours available. They’re also gluten-free, dairy-free, vegan, and devoid of artificial flavours, colours, and preservatives.
All-natural agave nectar was used to sweeten the pops.
Veggie Mama pops are a fantastic method to introduce veggies to both toddlers and adults. The premium sweets have no added sugar.
Veggie Mama pops are sold in Sprouts Farmers Markets, Gelsons, and a limited number of Whole Foods Markets in the western United States.
Natural Foods General Store in New York is the only retailer on the east coast. Veggie Mama has two locations: one in Anaheim and one in Niagara Falls.
Who is the Founder of Veggie Mama?
Robert and Theresa Fraijo of Laguna Niguel, California, intended to make a delightful and nutritious snack for youngsters because dealing with the eating habits of teens is usually tough for parents.
Theresa’s original plan was to produce a smoothie by blending fruits and vegetables with sugar syrup, but she subsequently changed her mind and made it into a frozen pop.
The product’s uniqueness is that it is composed entirely of vegetables and fruits, with the sugariness provided by natural agave nectar.
The Fraijo couple’s desire to provide nutritious and balanced cuisine drove them to put all of their efforts into veggies, fruits, and other nourishing components to create a fun-filled healthy snack. Robert and Theresa eventually delivered a novel dish, “Veggie Mama Pops,” after several attempts.
What happen to Veggie Mama at the Shark Tank Pitch?
The Fraijos announce themselves as Veggie Mama and Veggie Papa when they enter Shark Tank season 5 episode 5. They were seeking $75,000 for a 15% stake in their company. This represents a $500,000 value.
They explain about their products and then distribute samples. Kevin didn’t believe he’d enjoy the Sharks, but he did.
Each packet costs $1.10, with a wholesale price of $2.25. They’ve made $30K in sales in the last few months.
Veggie Papa was more interested in growing the business than in law school, which Mark appreciates since it means there will be one fewer lawyer!
Mark inquires about the couple’s investment in the Veggie Mama business, to which Theresa responds that the total investment has been $140,000 – $30,000 of their own money and $110,000 from an investor buddy.
Robert and Theresa are in charge of the machinery at the factory. Theresa works full-time, while Robert works part-time and has a full-time job earning $67,000.
Mark comes out and says he despises the frozen food industry, and he walks out.
Barbara claims that the Fraijos are in the exact opposite scenario in terms of invested capital to sales as other enterprises she has invested in and in which she also goes out.
Kevin claims he’d invest the $75,000 with the goal of earning $.50 on each unit, which would eventually drop to $.25 after he’d recouped his whole investment.
He mentions his successful partnership with Wicked Good Cupcakes and claims that this structure works well with food companies.
Robert loves the product but believes that $75K is insufficient. He offers $75K for 20%, then another $75K in a year for a total of $150K for 25%.
The Fraijos reject Robert’s offer, and Lori counters with $75K for 20%.
Kevin then adjusts his offer, offering $150K for 50 cents per unit until he recoups the $150,000 royalties and 0.25 cents in perpetuity.
Robert then wants to join Lori for $150K for a 20% stake and a 20 cent per unit royalty.
Mark then chastises the Fraijos for rejecting Robert’s original offer. Barbara then leaps back in and instructs the Fraijos to enter the hall to regroup. The Fraijos request that the royalty be waived, but Robert refuses.
Barbara then invites Mark to join her in eliminating the other Sharks. If Barbara agrees to perform the task, she and Mark will offer $75K for a 20% cut with no royalties. The Fraijos have struck a deal.
Veggie Mama after the Shark Tank Pitch
Mark Cuban and Barbara Corcoran’s surprising comeback, with both jumping back in to outbid the other Sharks, proved to be the greatest bargain for Veggie Mama.
True to her word, Barbara has been guiding the firm, and the Veggie Mama frozen pops are now available in additional Whole Foods and Sprouts locations, as well as online.
Despite the fact that the Sharks were all competing for a piece of this juicy transaction, Corcoran and Cuban worked together to make Veggie Mama a smashing success.
This was one occasion when the Sharks should have eaten their vegetables. She effectively operated the firm until it was closed down in December of 2018. She is presently the State of Colorado’s accounts payables manager.
Veggie Mama Net Worth
The Fraijos were seeking $75,000 for a 15% stake in their company. This represents a $500,000 value. They accepted an offer from Mark and Barbara of $750,000 for $20% stake thus valuing it at $375,000.
There is no current net worth since the business has been shut down.
Veggie Mama Competitors
There is no competitor identified for Veggie Mama.
Veggie Mama FAQS
What is Veggie Mama?
Veggie Mama is a vegetable and fruit snack that is both healthy and delicious. The sweet pops are made from fruits and vegetables, with no added sugar.
How much were asking in the Shark Tank?
Veggie Mama were seeking $75,000 investment for a 15% stake in their business.
How much did they received?
They received $750,000 investment for 15% stake in the company from Mark and Barbara.
Where is Veggie Mama sold?
They are out of business.
What is the net worth of Veggie Mama?
There is no net worth since they are no longer in business.
Where can they buy Veggie Mama?
They are out of business.
Is Veggie Mama still in business?
Veggie Mama Garden Pops are no longer available in stores, the company’s logo has been replaced, and the product portfolio has been entirely revamped.
Were Veggie Mama Non-GMO free?
Veggie Mama pops were Non-GMO.
Were Veggie Mama Gluten Free?
Veggie Mama pops were Gluten Free.
Were Veggie Mama Dairy free?
Veggie Mama were free of dairy and animal products.
Were Veggie Mama adhere to Kosher?
Veggie Mama pops adhere to kosher standards.
What is Veggie Mama marketing strategy?
Veggie Mama are out of business.
What is the net worth of Theresa Fraijo?
Theresa Fraijo’s net worth is unavailable.
What is the net worth of Robert Fraijo?
Robert Fraijo’s net worth is unavailable.