Rumi Spice is a company that ethically sources sustainable saffron and other spices from Afghanistan. This was started by Emily Miller, Kim Jung, and Keith Alaniz in 2014. As of November 2023, Rumi Spice’s estimated net worth is $13.5 million. Furthermore, they’re pulling in a whopping $5 million in annual revenue.
In 2017, they appeared on Season 08 of Shark Tank USA and made a deal with Mark Cuban for $250,000 for 15% of equity. The final valuation was $1.6 million, down from the founder’s initial estimate of $5 million.
The offer Rumi Spice got from Mark did not close after the show. Nonetheless, Rumi Spice has grown since its appearance on the Shark Tank. Rumi Spice accomplished securing investments from other investors and expanding its product line over time. You can purchase Rumi Spice products through the company website, Amazon, as well as selected stores.
Rumi Spice Net Worth
| Net worth | $13.5 million (2023) |
| Annual Sales Revenue | $5 million |
| Profits | – |
| Lifetime sales | – |
| Investor | Mark Cuban |
| Founders | Emily Miller, Kim Jung, and Keith Alaniz |
| Employees | <25 |
Rumi Spice Net Worth Timeline
| Net Worth 2023 | $13.5 million |
| Net Worth 2022 | $13.5 million |
| Net worth valuation in 2017 after appearing on Shark Tank | $1.6 million |
| Net worth valuation in 2017 before appearing on Shark Tank | $5 million |
Rumi Spice Pitch on Shark Tank
| Company name | Rumi Spice |
| Product | A company that ethically sources sustainable saffron and other spices from Afghanistan |
| Episode | Season 08 Episode 23 |
| Founders | Emily Miller, Kim Jung, and Keith Alaniz |
| Asked for | $250,000 for 5% equity |
| Final deal | $250,000 for 15% equity |
| Shark | Mark Cuban |
| Location | Chicago, Illinois |
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Rumi Spice Founders
Emily Miller, Kim Jung, and Keith Alaniz founded Rumi Spice in 2014. Emily and Keith are former Army veterans. While serving in Afghanistan, they met Keith, an engineering officer stationed there. Three of them were inspired by local saffron cultivation in Afghanistan, leading them to start Rumi Spice. Rumi Spice’s founders, Emily Miller, Kim Jung, and Keith Alaniz have a net worth of 13.5 million as of 2023.
Key accomplishments
| Year | Accomplishment |
| 2017 | Rumi Spice got featured on Shark Tank and secured a deal |
| 2018 | Rumi Spice secured a $2.5 million venture capital investment from two investors |
| 2023 | From begging until date, Rumi Spice has created job opportunities for over 4,000 women, launched a variety of new products, and collaborated with various companies, chefs, and Michelin-rated restaurants. |
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 Rumi Spice and its continued success.