Hector Saldivar founded Tia Lupita Foods to share his mother’s authentic Mexican hot sauce recipe. After appearing on Shark Tank and securing a $500,000 investment from Kevin O’Leary, the company experienced significant growth.
In October 2023, Tia Lupita Foods closed a $2.6 million seed funding round led by Mexican investors Santatera Capital and GBM Ventures, highlighting confidence in its business model.
The brand’s product line has expanded to include grain-free cactus tortilla chips and tortillas. As of 2024, Tia Lupita Foods is valued at approximately $12.1 million.
Tia Lupita’s Net Worth
Estimated Net worth | $12.1 million (2024) |
Annual Sales Revenue | $4 million (2024) |
Lifetime sales | $25 million (2024) |
Investor | Kevin O’Leary |
Founder | Hector Saldivar |
Employees | 10 to 25 |
Tia Lupita Pitch on Shark Tank
Company name | Tia Lupita |
Product | Mexican-inspired health food brand |
Episode | Season 14 Episode 20 |
Founder | Hector Saldivar |
Asked for | $500,000 for 5% equity |
Final deal | $500,000 as a line of credit for 5% equity |
Shark | Kevin O’Leary |
Location | Tiburon, California |
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Tia Lupita Founder
Tia Lupita was founded by Hector Saldivar in 2018. Hector Saldivar is a Mexican. His mother is Lupita the company name got the inspiration from his mother to start the business. Tia Lupita’s founder, Hector Saldivar, has a net worth of USD 17 Million as of 2024.
Key accomplishments
Year | Accomplishment |
2023 | Tia Lupita Foods has won Expo West, Rabobank Judges Choice award. |
2023 | Tia Lupita appeared on Shark Tank. |
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 Tia Lupita and its continued success.