Plated, Meal kit subscription service, was started by Nick Taranto and Josh Hix in 2012. As of August 2023, Plated net worth is not available. Boise acquired Plated for $300 Million in 2017.
In April 2014, they appeared on Season 5th of Shark Tank USA and made a deal with Mark Cuban, for $500,000 for 5.6% including advisory shares. The final valuation was $8.92 Million, down from the founder’s initial estimate of $12.5 Million.
In August 2023, Plated was out of Business. The store chain discontinued the subscription service in 2019. The final plated update was this.
Plated Net Worth
|Net worth||Out of business|
|Shark Tank Investor||Mark Cuban|
|Founder||Nick Taranto and Josh Hix|
Plated Net Worth Timeline
|Net Worth 2019||$300 Million|
|Net Worth 2017||$300 Million|
|Net worth 2014 before appearing on Shark Tank||$12.5 Million|
|Net worth 2014 after appearing on Shark Tank||$8.92 Million|
Plated Pitch on Shark Tank
|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|
Nick Taranto and Josh Hix founded Plated in 2012. Most people have a hard time getting fresh and 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, have a net worth of 300 Million USD as of 2023.
|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.|
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.