Fila Manila Filipino Sauces’s net worth is $800,000 as of March 2024. The company’s first financial year, 2020, brought $6,000 in annual sales. Company sales increased to $50,000 and $400,000 in 2021 and 2022, respectively. The company expects to end 2024 with $850,000 in sales. Fila Manila Filipino Sauces is a canned Filipino food brand. Jake Deleon founded this in 2020.
In March 2024, they appeared on season 15 of Shark Tank USA and made a deal with Daniel Lubetzky for $250,000 for 20% equity with an option to return 5% if the sales benchmark is met. The final valuation was $1.25 million, down from the founder’s initial estimate of $5 million.
Their appearance on the show gave Jake’s business great exposure. Just a couple of days after their episode on the show, company sales, both online and retail, had a notable increase. You can buy their products directly through the company website as well as major retailers, including Target, Whole Foods, and Stop & Shop.
Fila Manila Filipino Sauces Net Worth
| Net worth | $800,000 (2024) |
| Annual Sales Revenue | $850,000 (2024) |
| Profits | Not available |
| Lifetime sales | $606,000 (2024) |
| Investor | Daniel Lubetzky |
| Investment | $250,000 for a 20% equity with an option to return 5% if the sales benchmark is met |
| Founder | Jake Deleon |
| Employees | <10 |
Fila Manila Filipino Sauces Net Worth Timeline
| Net Worth 2024 | $800,000 |
| Net worth valuation in 2024 after appearing on Shark Tank | $1.25 million |
| Net worth valuation in 2024 before appearing on Shark Tank | $5 million |
Fila Manila Filipino Sauces Pitch on Shark Tank
| Product | A canned Filipino food brand |
| Episode | Season 15 Episode 16 |
| Founder | Jake Deleon |
| Asked for | $250,000 for 5% equity |
| Company name | Fila Manila Filipino Sauces |
| Final deal | $250,000 for a 20% equity with an option to return 5% if the sales benchmark is met |
| Shark | Daniel Lubetzky |
| Location | Washington, District of Columbia |
Don’t miss these products from Season 15
Fila Manila Filipino Sauces Founder
Jake Deleon founded Fila Manila Filipino Sauces in 2020. After completing his studies at Harvard Business School Executive Education, Jake did various jobs in the business field. He worked at several companies, including P&G, Spa Esprit Group, and Starbucks. He started his own company combinig his business skills and native Filipino roots. Fila Manila Filipino Sauces’s founder, Jake Deleon’s net worth is unknown as of 2024.
Key accomplishments
| Year | Accomplishment |
| 2021 | Winner of Best New Condiment at NEXTY Awards. |
| 2022 | Winner of Best New Staple at NEXTY Awards. |
| 2024 | The company partnered up with Camino Partners, expanding it to a national brand. The company was featured on Shark Tank and secured a deal. |
Conclusion
From their beginnings on Shark Tank to their current status as a thriving business, they have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for Fila Manila Filipino Sauces and its continued success.
