Fila Manila Filipino Sauces Net Worth 2024 Update (Before & After Shark Tank)

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Fila Manila Filipino Sauces Net Worth Update (Before & After Shark Tank)

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)
ProfitsNot available 
Lifetime sales$606,000 (2024)
InvestorDaniel Lubetzky
Investment$250,000 for a 20% equity with an option to return 5% if the sales benchmark is met
FounderJake 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

ProductA canned Filipino food brand
EpisodeSeason 15 Episode 16
FounderJake Deleon
Asked for$250,000 for 5% equity
Company nameFila Manila Filipino Sauces
Final deal$250,000 for a 20% equity with an option to return 5% if the sales benchmark is met
SharkDaniel Lubetzky
LocationWashington, 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

YearAccomplishment
2021Winner of Best New Condiment at NEXTY Awards. 
2022Winner of Best New Staple at NEXTY Awards. 
2024The 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.