What Happened to Must Love after the Shark Tank Pitch? Must Love Shark Tank Update

What is Must Love?

Must Love is a plant-based frozen dessert brand started in 2016 in Los Angeles, California. It provides excellent flavour profiles sweetened with fruit by using oats and bananas instead of chemicals.

Must Love mostly sells pints of “lovely cream” and frozen “nice cream” bars.

The pints are $12 and come in four flavours: banana, chocolate chip, cashew cookie, and double chocolate chip.

A box of four bars costs $12 and is available in four flavours: Vanilla Banilla, Chocolate, and Crunchy Peanut Swirl.

The goods also include oat milk and coconut, in addition to bananas. While they’ve made strides in distribution,

Who are the Must Love’s founders?

The creators of Must Love, Mollie Cha and Hannah Hong, are both second-generation Korean-American graduates of the University of California, Berkeley.

Mollie received a BA in Business Administration from UC Berkeley before working for Goldman Sachs and the Bill & Melinda Gates Foundation.

She later obtained an MBA from the MIT Sloan School of Management and went on to work for Bolthouse Farms before starting her own company, Malibu Design Group.

In 2016, Mollie and Hannah founded Hakuna Brands, with Mollie leaving her job at Malibu Design Group in 2019 to focus on the business.

Hannah, on the other hand, earned a BA in Business Administration from UC Berkeley and an MBA from UCLA Anderson School of Management, and has held various positions in consulting and brand management.

The idea for Must Love came about when the two friends, who were lactose intolerant, discovered they could make a delicious ice cream using mashed banana, almond milk, and vanilla.

They experimented with different recipes until they achieved the desired taste and texture.

What Happened to Must Love at the Shark Tank Pitch?

Hanah and Mollie, the founders of a plant-based ice cream company, appeared on Shark Tank Season 13 Episode 11 seeking an investment of $600,000 in exchange for 7.5% of their company, which they valued at $8 million.

They presented the Sharks with their product, which includes plant-based ingredients and sprinkles, and shared their sales history, which had grown from $35,000 in 2017 to $1 million in the current year.

They also discussed their plans for future growth, including expansion into Costco, but also acknowledged a projected loss of $400,000 for the year.

The Sharks were impressed with the taste of the product, but ultimately all of them decided not to invest, with reasons ranging from concerns about the product’s uniqueness and profitability to conflicts of interest.

As a result, Hanah and Mollie left the show without a deal.

What Happened to Must Love after the Shark Tank Pitch?

Despite not getting the deal from the Sharks, Must Love is still in business as of 2022.

What is the Net Worth of Must Love?

They stated that they personally invested $200,000 each and were seeking additional funding through seed investment, with an estimated brand value of $8 million.

However, the current valuation is not known.

Who are the Competitors of Must Love?

There are no competitors identified for Must Love?

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Must Love FAQS

What is Must Love?

Must Love is a California-based plant-based ice cream brand that claims to be the first to offer the same quality of ice cream with the same taste and texture.

Who are the founders of Must Love?

Mollie Cha and Hannah Hong are the founders.

How much were they seeking in the Shark Tank?

They were looking for $600,000 in exchange for 7.5 percent of their company, which is an $8 million valuation.

Did they get the deal from the Sharks?

They did not get the deal from the Sharks, so they exited without a contract.

Where is Must Love located?

They are headquartered in Los Angeles, California.

Where can they find Must Love ice cream?

They can locate them at Sprouts, some Whole Foods locations and Costco.

Where can they find them on social media?

They are largely active on Instagram, Twitter, Facebook and LinkedIn.

Are they selling on their website?

Yes. They can be found on their website.

What is the company’s website?

Their website is must.love

What countries do you ship to?

They ship to all 50 states as well as Washington, D.C. They are unable to ship to PO Boxes.

When will it arrive?

Packages take 1-2 days to arrive at their door once they have been sent. They will receive an email with a tracking number as soon as it ships.

Please wait up to 7 business days for their order to be processed.

They are experiencing increased processing delays and a manpower scarcity as a result of the epidemic.

How much does it cost?

If they want to purchase ice cream, they may get it delivered to their home for $15. They provide free delivery on purchases of $60 or more.

If they simply want sprinkles, they can get them for $5 with flat postage.

Why is it so expensive?

Shipping ice cream is, to put it mildly, quite difficult. They must transport in a special insulated container containing dry ice, which necessitates additional handling.

It also has to get to them as soon as possible, within 1-2 days.

What is the net worth of Mollie Cha?

Mollie Cha’s net worth is unavailable.

What is the net worth of Hannah Hong?

Hannah Hong’s net worth is unavailable.