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Numilk: What Happened After $2 Million Mark Cuban Shark Tank Deal
On Season 12 of Ari Tolwin of New York City pitched their “udder-ly” unique vegan drink,
NUMILK. The fresh plant-based milk is delivered via the Numilk machine (see below), which can fill a bottle in under a minute. It’s an eco-friendly alternative to pre-packaged milk cartons.
Mark Cuban who has invested in several vegan products/business on Shark Tank. They went into the Tank seeking an investment of $1 million in exchange for five percent equity.
[Related:
Cuban offered a $2 million investment: $1 million for 7 percent equity, the other million as a loan at 3 percent interest, and Cuban wanted 3 percent of stock as advisory shares or straight up equity.” Cuban clarified that if Numilk doesn’t use the loan, they don’t have to give him the additional 3 percent. If that’s the case, Numilk could use all $2 million in exchange for 10 percent equity.
Numilk is Bringing Plant-Based Milk to Your Home and Cafe
Plant-based milks are becoming a popular alternative to dairy-based options both for health reasons and environmental concerns; producing dairy milk results in three times more gas emissions than plant-based alternatives and requires nine times more land. Coconut, almond, soy, and oat are among the most common plant-based milks but there are other varieties available from hemp, pea, cashew, quinoa, macadamia, rice, flax, and even hazelnut.
Numilk is bringing the benefits of plant-based milks to your home and to your café. Initially, the company started with large kiosks in supermarkets that allowed customers to make their own milk. Now Numilk is bringing that convenience to the home. They’ve developed an appliance that produces plant-based milk from the pouches similar to a Nespresso machine. The pouches only contain organic, pure, whole food without any preservatives, processed, sweeteners, gums, or fillers and
For many vegan entrepreneurs, ABC’s hit reality show,
Shark Tank, has become more than just a source of entertainment it’s a significant source of income. Thanks to vegan-friendly “Sharks” such as billionaire investor Mark Cuban, the deals made on this show have been pivotal to these plant-based endeavors. Even those who walked away from a deal have benefited from the show’s exposure, such as that of vegan fried chicken sensation Atlas Monroe. Based on a significant amount of binge-watching and interviews with these vegan companies, plus Cuban himself, here are the 13 best vegan
Shark Tank deals of all time.