Palmini, a food service, was started by Alfonso Tejada in 2016. As of September 2023, Palmini’s net worth is $3.9 Million and they’re pulling in a whopping $1 million in annual revenue.
On February 25, 2018, they appeared on Season 9 of Shark Tank USA and made a deal with Mark Cuban and Lori Greiner, for $300,000 for 25% of equity. The final valuation was $1.2 Million, down from the founder’s initial estimate of $3 Million.
Palmini is still in business as of 2023. Their products are available on the website and Amazon.
Palmini Net Worth
| Net worth | $3.9 Million (2023) |
| Annual Sales Revenue | $1 million (2022) |
| Profits | – |
| Lifetime sales | – |
| Investors | Mark Cuban and Lori Greiner |
| Founder | Alfonso Tejada |
| Employees | 25 to 50 |
Palmini Net Worth Timeline
| Net Worth 2023 | $3.9 Million |
| Net Worth 2022 | $3 Million |
| Net Worth 2021 | $2.5 Million |
| Net Worth 2020 | $2 Million |
| Net worth valuation in 2018 after appearing on Shark Tank | $1.2 Million |
| Net worth valuation in 2018 before appearing on Shark Tank | $3 Million |
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 |
Don’t miss these products from Season 9
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 3.9 Million as of 2023.
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.