Palmini, a Shark Tank-featured business created by Al dente founder Andy Micallef, specializes in low-carb pasta alternatives made from hearts of palm.
After securing a deal with Mark Cuban for $300,000 in exchange for 25% equity, the company gained rapid traction.
Palmini has expanded its product line to include lasagna and rice alternatives, with a current revenue estimated at $4 million. The business continues to thrive, now available in major retailers like Walmart and Amazon.
Palmini has not pursued crowdfunding but maintains steady growth due to its innovative healthy food offerings and strong consumer demand.
Palmini Net Worth
| Estimated Net worth | $1.2 million (2018) |
| Annual Sales Revenue | $4 million (2024) |
| Lifetime sales | Not available |
| Investors | Mark Cuban and Lori Greiner |
| Founder | Alfonso Tejada |
| Employees | 25 to 50 |
Palmini Pitch on Shark Tank
| Company name | Palmini |
| Product | Food |
| Episode | Season 09 Episode 24 |
| Founder | Alfonso Tejada |
| Asked for | $300,000 for 10% equity |
| Final deal | $300,000 for 25% equity |
| Sharks | Mark Cuban and Lori Greiner |
| Location | Miami, Florida, 33156, United States |
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Palmini Founder
Palmini was founded by Alfonso Tejada in 2016. He got inspired to make this company to create a low-carb pasta. He is very passionate about making this company. Palmini’s founder, Alfonso Tejada, has a net worth of USD 4 Million as of 2024.
Key accomplishments
| Year | Accomplishment |
| 2018 | Appeared on Shark Tank. |
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 Palmini and its continued success.
