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) |
| Investor | Barbara Corcoran |
| Founders | Melissa Colella-Wang and Xin Wang |
| Employees | 1-20 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 name | Jica Foods |
| Product | jicama based snacks |
| Episode | Season 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 |
| Location | Rowland 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
| Year | Accomplishment |
| 2022 | The company appeared on Shark Tank Season 14 and got the deal from Barbara Corcoran. |
| 2023 | Their 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.
