Jica Foods Net Worth 2024 Update (Before & After Shark Tank)

e1Jica-Foods

Jica Foods, a Jicama Root Vegetable base snack business, was started by Melissa Colella-Wang and Xin Wang in 2015. As of January 2024, Jica Foods’s net worth is $5.1 million and they’re pulling in a whopping $1 million in annual revenue. 

In December 2022, they appeared on season 14 of Shark Tank USA and made a deal with Barbara Corcoran, $300,000 for 6% equity + 3% advisory shares. The final valuation was $5 million, down from the founder’s initial estimate of $10 million.

As of 2024 January, the company is still in business. You can purchase products through e-commerce channels such as their website and Amazon.

Jica Foods Net Worth

Net worth$5.1 million
Annual Sales Revenue$1 million
Profits$400K (As of 2022)
Lifetime sales$4 million (As of 2022)
InvestorBarbara Corcoran
FoundersMelissa Colella-Wang and Xin Wang
Employees1-20 employees

Jica Foods Net Worth Timeline

Net Worth 2024$5.1 million
Net Worth 2023$5 million
Net worth valuation 2022 after appearing on Shark Tank  $5 million
Net worth valuation 2022  before appearing on Shark Tank  $10 million

Jica Foods Pitch on Shark Tank

Company nameJica Foods
Productjicama based snacks
EpisodeSeason 14 Episode 10
Founders Melissa Colella-Wang and Xin Wang
Asked for$300K for a 3% equity
Final deal$300K for 6% equity + 3% advisory shares
Shark Barbara Corcoran
LocationRowland Heights, California

Don’t miss these product from Season 14

Jica Foods Founders

Jica Foods was founded by Melissa Colella-Wang and Xin Wang in 2015. Melissa earned her B.A. in Biology from Wellesley College in 2002. Jica Foods’s founders, Melissa Colella-Wang and Xin Wang, have a net worth of 4.75 million USD as of 2024.

Key accomplishments

YearAccomplishment
2022The company appeared on Shark Tank Season 14 and got the deal from Barbara Corcoran.
2023Their products can be found in more than 1600 stores, including WalMart, Sprouts, Whole Foods, and Wegman’s in the southwestern USA.

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 Jica Foods and its continued success.