Key Points
- 1 NuMilk appeared in Season 12 of The Shark Tank.
- 2 The company secured a $2 million investment from Mark Cuban for a 10% equity.
- 3 As of today, NuMilk has a net worth of $70 million.
- 4 The company’s sales revenues are $13 million per annum.
Net Worth
$70 Million
Annual Sales
$13 Million
Lifetime Sales
$118 Million
How is NuMilk doing today in Revenues?
When NuMilk was pitched on Shark Tank, its main product was the huge vending machine. The company has discontinued this and replaced it with a smaller ‘NuMilk Pro’. The company also offers a much smaller machine for home use.
Immediately after airing on Shark Tank, NuMilk was affected by COVID-19, due to which its sales were severely dented.
However, with the help of Mark Cuban, the company developed new and advanced machines during the lockdown.
As of today, NuMilk’s sales are $13 million. A majority of this comes from its home offerings. NuMilk’s machines are now available at over 150 locations across the United States.
Shark Tank Pitch
NuMilk is a fresh plant-based milk-making machine. Through this machine, all types of vegan fresh milk or drinks of different ingredients are made. The NuMilk machine uses three ingredients – Almonds, Purified Water, and Maple Syrup to make fresh Almond Milk instantly.
Joseph C. Savino is the Co-Founder & Inventor of NuMilk Company. Ari Tolwin is the co-founder. Joseph and Ari together started the business of making milk from plant-based ingredients.
Joseph and Ari came to Shark Tank for a $1 million investment for a 5% stake in the company. They had reveled in Shark Tank and have raised $12 million in funding so far at a $40 million valuation.
Mark Cuban made an offer to invest $1 million as equity and $1 million as a loan, for a 10% share in the company. The deal was accepted by the founders.
FAQs
Is NuMilk successful after Shark Tank?
Yes. NuMilk’s revenues have grown since airing on the Shark Tank.
Does Mark Cuban own NuMilk?
Yes. Mark Cuban owns 10% of NuMilk.
What is the revenue of NuMilk?
NuMilk’s annual revenues are $13 Million.
Where is Numilk today?
NuMilk is still in business offering two variants of its product.
