Kahawa 1893, an African coffee brand, was started by Margaret Nyamumbo in 2017. As of January 2024, Kahawa 1893 net worth is $4.6 million and they were $4 million annual revenue in 2022.
In February 2023, they appeared on season 14 of Shark Tank USA and made a deal with Emma Grede, $350,000 for 8% equity. The final valuation was $4.375 million, down from the founder’s initial estimate of $7 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.
Kahawa 1893 Net Worth
Net worth | $4.6 million |
Annual Sales Revenue | $4 million |
Profits | $150K (As of 2022) |
Lifetime sales | – |
Investor | Emma Grede |
Founder | Margaret Nyamumbo |
Employees | 2-10 employees |
Kahawa 1893 Net Worth Timeline
Net Worth 2024 | $4.6 million |
Net worth valuation 2023 after appearing on Shark Tank | $4.375 million |
Net worth valuation 2023 before appearing on Shark Tank | $7 million |
Kahawa 1893 Pitch on Shark Tank
Company name | Kahawa 1893 |
Product | Traditional African coffee line |
Episode | Season 14 Episode 14 |
Founder | Margaret Nyamumbo |
Asked for | $350,000 for 5% equity |
Final deal | $350,000 for 8% equity |
Shark | Emma Grede |
Location | Berkeley, California, USA |
Don’t miss these product from Season 14
Kahawa 1893 Founder
Kahawa 1893 was founded by Margaret Nyamumbo in 2017. Margaret Nyamumbo, originally from Kenya. Despite lacking land for coffee cultivation, she came to the United States for studies, earning an MBA from Harvard University, and later worked after studying finance. Kahawa 1893’s founder, Margaret Nyamumbo, has a net worth of 4.6 million USD as of 2024.
Key accomplishments
Year | Accomplishment |
2023 | The company appeared on Shark Tank Season 14 and got the deal from Emma Grede. |
2021 | They made $2 million in sales over the past year (2021). |
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 Kahawa 1893 and its continued success.