NuMilk Net Worth is $70 Million US Dollars.. The company generates an estimated sales revenues of $13 million per year.
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NuMilk appeared in Season 12 of The Shark Tank and has secured a $2 million investment from Mark Cuban for 10% Equity in the company.
NuMilk is a plant-based Milk making machine that comes in two variants, for home and commercial spaces.
Numilk Net Worth
Net Worth | $70 Million |
Sales Revenue | $13 Million |
Profits | $4 Million |
Lifetime Sales | $118 Million |
Founder | Ari Tolwin |
Co-Founder | Joseph Savino |
Employees | 30+ |
Investor | Mark Cuban |
Numilk Sales
When NuMilk was pitched on Shark Tank, its main product was the huge vending machine. The company has discontinued this and replaced it with a smaller ‘NuMilk Pro’.
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The company also offers a much smaller machine for home use. NuMilk’s sales were significantly impacted by COVID-19 shortly after its Shark Tank appearance.
However, with the assistance of Mark Cuban, the company created new and advanced machinery during the shutdown. NuMilk currently has $13 million in sales.
The majority of this stems from its residential products. NuMilk machines are now accessible in over 150 places throughout the United States.
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About the Company and Shark Tank Pitch
NuMilk is a fresh plant-based milk-making machine. Through this machine, all types of vegan fresh milk or drinks of different ingredients are made.
The NuMilk machine uses three ingredients – Almonds, Purified Water, and Maple Syrup to make fresh Almond Milk instantly.
Joseph C. Savino is the Co-Founder & Inventor of NuMilk Company. Ari Tolwin is the co-founder. Joseph and Ari together started the business of making milk from Plant Base Ingredients.
Joseph and Ari came to Shark Tank for a $1 million investment for a 5% stake in the company. They had reveled in Shark Tank and have raised $12 million in funding so far at a $40 million valuation.
Mark Cuban made an offer to invest $1 million as equity and $1 million as a loan, for a 10% share in the company. The deal was accepted by the founders.
FAQs
Yes. NuMilk’s revenues have grown since airing on the Shark Tank.
Yes. Mark Cuban owns 10% of NuMilk.
NuMilk is still in business offering two variants of its product across 40+ counties.