Plated Net Worth 2024 Update (Before & After Shark Tank)

As of 2024, Plated was acquired by Albertsons for $300M, but the brand is no longer active​​​.
Picture of GAG Team
Shark-Tank-US-Net-worth-Update-s05e22-Plated

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 InvestorMark Cuban
FoundersNick Taranto and Josh Hix
EmployeesNot available

Plated Pitch on Shark Tank

Company namePlated
ProductMeal kit subscription service
EpisodeSeason 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 / SharksMark Cuban
LocationUnited State

Don’t miss these products from Season 05

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

YearAccomplishment
2014Appeared on Shark Tank Season 5 Episode 22.
2017Company was sold for 300 Million USD to Boise.
2019Albertsons 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.

Suggested Articles