Yumble Shark Tank Update | Yumble after the Shark Tank
What is Yumble?
Yumble is a subscription service that delivers healthy and tasty meals for children to busy parents’ homes on a weekly basis.
The meals are tailored to the unique preferences and nutritional needs of children, and are suitable for children ages 12 months to 12 years, with a focus on ages 3 to 6.
The company was founded by David and Joanna Parker in 2015 and is based in New York City.
Who is the Founder of Yumble?
David and Joanna Parker founded Yumble in 2015, with their headquarters in New York City.
The company was started by Joanna, who wanted to provide nutritious meals for her children but recognized the difficulty of meal preparation.
She began experimenting with pre-made dinners using items that most children already enjoyed, such as pizza, macaroni and cheese, and chicken nuggets.
Yumble uses only nutrient-dense ingredients, such as veggies, cereals, proteins, lipids, herbs, and spices, to support healthy growth in young bodies.
They initially began preparing meals for other family members, but now serve clients of all ages, with a focus on children ages 12 months to 12 years, especially those between 3 and 6.
In 2018, Yumble raised $8.5 million from a venture partnership led by Sonoma Brands, which they plan to use to expand their marketing, hiring, and national reach.
What Happened to Yumble at Shark Tank Pitch?
David and Joanna went to the Shark Tank to seek $500,000 in exchange for a 4% stake in their company.
They provided details about their business and gave samples to the Sharks.
Their products were priced between $6.99 and $7.99, and they had $1.3 million in sales in 2018 with a 30% month-over-month growth rate.
They also mentioned that their customer acquisition costs had decreased from $100 to $40 and that 70% of their customers placed repeat orders.
Mark Cuban and Kevin O’ Leary were not interested due to competition in the market, but Bethenny, Rohan and Lori Greiner offered $500,000 for equity stakes of 15%, 12% and 12% respectively.
Bethenny later counter offered with $500,000 for 6% equity, but the deal was closed with Rohan and Lori Greiner, not including Bethenny.
What Happened to Yumble after the Shark Tank?
Despite not securing a deal on Shark Tank, Yumble Company continued to operate and achieved success in the market through their website sales.
They also received $12.5 million in funding from venture capitalists. As of 2021, the company projected to generate $8 million in annual sales.
Competitors of Yumble
Mia & Ben, Milupa, Hero Turkiye, and Bubays are among Yumble primary opponents.
The Net Worth of Yumble
Yumble Company was valued at $8.3 million.
What is Yumble?
Yumble is a weekly subscription service that directly delivers prepared, balanced, and delectable children’s meals to busy parents’ homes.
David and Joanna Parker founded Yumble. They were founded in 2015 and had their headquarters in New York City. They are the owners of the company.
What is their offer on Shark Tank?
They came into the Shark Tank with an offer of $500,000 for a 4% stake in their company.
Did they get an offer?
Yes, the offer was made by Bethenny Frankel
How much equity for how many dollars?
Bethenny offered $500,000 for 6% ownership of their company which finally closed the deal. It is worth mentioning that there was no transaction completed between Bethenny and Yumble Company.
What is the valuation of Yumble?
Yumble was valued at $8.3 million after receiving investments from Sonoma Brands. The valuation increased significantly after the appearance of Shark Tank.
Is it still in business?
Yes, Yumble continues with their business. The company has dominated the market, and they surpassed on the sales through their website.
Where are they based?
It is headquartered in New York City, but its production facilities are located in Iowa.
The company serves clients of all ages, but the meals are geared for children ages twelve months to twelve years, with the sweet spot being between the ages of three and six.
What is their marketing strategy?
The company comprises an in-house creative team that plans the images, designs the packaging, and selects the products.
The company promoted its products via social media, in addition to traditional marketing channels.
What is their clientele?
Their clientele includes families in the United States, Canada, and United Kingdom.
Does Yumble have competition?
Yes, their competitors are Mia & Ben, Milupa, Hero Turkiye, and Bubays.
How does it make money?
The company earns revenue from subscriptions and fees paid by retailers and from products sold on the site.
What is their business model?
They have a subscription service that lets customers receive three meals, snacks, and drinks for one flat price.
What is their history?
David and Joanna Parker founded the company. The Parkers started Yumble in 2015 after seeing the need for a healthy, prepared meal for their own children.
They began experimenting with pre-made dinners using items that most children already enjoyed, such as pizza, macaroni, and cheese, chicken nuggets.
What is the stock symbol for Yumble?
YUMBLE has not publicly traded any shares on any exchanges because YUMBLE is currently an unrated company.
What are the types of Yumble meals?
Yumble meals range in size and content based on an individual child’s dietary needs, but all meals are divided into three distinct categories:
What is the price of Yumble?
The prices of Yumble start at $6.99 per meal. The company also offers monthly plans for $7.
Is Yumble legit?
Yes, Yumble is legit. The company continues its business with increasing sales.
The Parkers intend to utilize the funds to expand their marketing, hiring, and national reach.
Is Yumble safe?
Yes, the meals are prepared by professional chefs in a licensed kitchen at high standards of cleanliness utilizing only the freshest ingredients.
Is it a private or public company?
Yumble is a private company.
What are the Yumble reviews?
The company has received mixed reviews from customers on its website. Customers have complained about being charged more than advertised rates, unwanted product shipments, and didn’t receive what they paid for.
However, the company has been very responsive to its customers and has continued improving its service.
In terms of negative reviews, the company has been criticized for using all artificial ingredients in its products, including simple sugars for sweetening.
What are the strengths of Yumble?
The company has a strong understanding of the market and the food industry and was able to prepare and cook prepared meals for its children.