Plated, a meal kit delivery service, co-founded by Nick Taranto and Josh Hix in 2012 simplifies home cooking with pre-portioned ingredients. After appearing on Shark Tank in 2014 and securing a deal with Mark Cuban, Plated gained traction.
In 2017, it was acquired by grocery giant Albertsons for $300 million. However, by 2019, Albertsons discontinued Plated’s subscription service to focus on in-store meal kits.
As of 2024, Plated no longer operates as a standalone business. Their products are currently unavailable at market.
Plated Net Worth
| Estimated Net worth | $8.92 million (2014) Business Valuation |
| Annual Revenue | Not available |
| Lifetime Sales | Not available |
| Shark Tank Investor | Mark Cuban |
| Founders | Nick Taranto and Josh Hix |
| Employees | Not available |
Plated Pitch on Shark Tank
| Company name | Plated |
| Product | Meal kit subscription service |
| Episode | Season 05 Episode 22 |
| Founders | Nick Taranto and Josh Hix |
| Asked for | $500,000 for 4%Equity |
| Final deal | $500,000 for 5.6% including advisory shares |
| Shark / Sharks | Mark Cuban |
| Location | United State |
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Plated Founders
Nick Taranto and Josh Hix founded Plated in 2012. Most people have a hard time getting fresh as well as nutritious food on the table, in a reasonable amount of time. That’s why Nick Taranto and Josh Hix created a meal kit subscription service. Plated’s founders, Nick Taranto and Josh Hix’s net worth is unknown since their business came to closure.
Key accomplishments
| Year | Accomplishment |
| 2014 | Appeared on Shark Tank Season 5 Episode 22. |
| 2017 | Company was sold for 300 Million USD to Boise. |
| 2019 | Albertsons announced plated subscription will be discontinued from November, 2019. |
Conclusion
Some companies that appear on the show have not achieved great success, and the Plated was one of them. Sometimes businesses don’t succeed because of many reasons. Sometimes, the deal falls through after the founders say yes on camera. Or, as you’ll see, sometimes things happen to the founders themselves, and they choose to abandon the business. Anything is possible. Boise acquired Plated for $300 Million in 2017. However, Plated went out of business in 2019. And the product is no longer available in the market.
