“Pinole blue” got featured on Shark Tank USA in 2021 February. It was founded by Kate Kung-McIntyre, Eddie Sandoval, and Kyle Offut.
Pinole Blue’s net worth in 2022
Here is an update on Pinole blue’s net worth so far.
|Pinole blue’s Net worth before appearing on Shark Tank||3 Million USD (business valuation)|
|Pinole blue’s Current Net worth (2022)||3 Million USD|
Pinole blue’s founders Kate Kung-McIntyre, Eddie Sandoval, and Kyle Offut have a net worth is estimated at around $450 000 – $ 650 000 as of 2022.
Organic vegan foods have high attention in society. Then what about an ancient “superfood” that is vegan and organic. If you are interested you should know about Pinole Blue. So let’s see what happened to this product in Shark Tank.
What is Pinole Blue?
Pinole Blue is a food manufacturing company based on ancient Mexican foods. The brand is producing products with ingredients similar to Tarahumara. It’s a mixture of blue corn and other nutritious ingredients. So, it’s often used as a protein supplement in smoothies and other foods as an energy booster.
Who is the founder of Pinole Blue?
Eddie Sandoval is the founder and CEO of Pinole Blue. Later he joined Kyle Offutt with him and he worked as the content creator of the company. Eddie is from Chihuahua, Mexico, and adapts his culture and food heritage to the business. Also, Eddie has a bachelor’s degree in finance from Wichita State University.
What happened at the Shark Tank?
Eddie Sandovals entered Shark Tank with the hope of $ 300 000 for 10% of equity. He accompanied Kate Kung-McIntyre and Kyle Offut with him. Mark Cuban, Barbara Corcoran, Lori Greiner, Kevin O’Leary, and Guest shark Emma Grade appeared on the show.
Firstly they gave a brief description of their company and products. Then they share their past year’s profit is around $720,000 and this year’s profit is around $730000. But according to them, their production expenses were between $10 – $30. This made the Sharks displeased about the deal.
Mark Cuban decided to get out of the deal first. According to him, the product has a specific market. But the need for customer education had made him stay out of the deal. Barbara also followed him saying it’s too early for investment.
Guest shark Emma Grede and Lori Greiner also had the same idea. Kevin O’Leary on the other hand interested in the products and the sale. But finally, he also decided not to invest. So the
Pinole Blue left the Shark Tank Without a deal
Pinole Blue Shark Tank Update
Pinole blue appeared on Shark Tank Season 13. However, the company left without a deal. But the company’s business increased rapidly after the show. Now customers can buy their products in different food marketplaces like CocoAndre, Cafe Cacao, Horchateria, and Chocolatier.
The company can move the production area from Eddie’s Dorm room to a proper place. Also, they are featuring and marketing campaigns on social media platforms like Tik Tok. Eddie expanded their mixture types and introduced new flavors.
Not only that the company is famous for donating to the Tarahumara people. Also, they are marketing Woven bracelets by Tarahumara women. The company is still in business in 2022. Also successfully on business on Amazon.
What happened to Pinole Blue After the Shark Tank?
Same as other products featured on Shark Tank Pinole Blue also got the “Shark Tank effect”.It got free marketing and its name spread to many customers. Followingly their business skyrocketed.
Their official Instagram page shows they received thousands of orders after the Shark Tank.
Who are the Competitors of Pinole Blue?
Currently, there aren’t any competitors for Pinole Blue emerged in the market.