Kahawa 1893 Coffee Shark Tank Update – Net Worth, Pitch & Deal

Margaret, originally from Kenya but now living in New York, had witnessed the unfair treatment of women coffee farmers firsthand. She came up with Kahawa 1893 as a solution.

The company sources its coffee directly from female farmers in Africa to make sure they get paid fairly. Plus, customers can tip the farmers directly using a QR code, and Kahawa 1893 matches those tips to support the farmers even more.

Margaret appeared on Shark Tank, seeking a $350,000 investment for 5% of her business. But did her idea impress the Sharks? Find out in our Kahawa 1893 Shark Tank update!

Kahawa 1893 Coffee Net Worth

Margaret asked for a $350,000 investment in exchange for 5% equity in her company, Kahawa 1893. This meant she valued her company at $7 million. She made a deal with Emma for $350,000 in exchange for 8% of her company. This new deal valued her company at approximately $4.375 million. After the show aired, Kahawa 1893 saw a big increase in their store presence, sales, and impact on women coffee farmers in Kenya. With an estimated 20% yearly growth rate, the current net worth of Kahawa 1893 in 2024 is about $8.75 million.

What Happened To Kahawa 1893 After Shark Tank?

Kahawa 1893’s appearance on Shark Tank was a huge success. It helped the company grow its sales and store presence a lot. This also meant they could impact more women coffee farmers in Kenya on a financial level. In just 2 months after being on Shark Tank, the company sold over $1 million worth of coffee. They’ve also increased their retail reach and you can now find their coffee at stores like Target, Meijer’s, and Gelson’s.

Did Kahawa 1893 Get a Deal On Shark Tank?

Kevin O’Leary didn’t invest because he didn’t think the business was worth $7 million. Mark backed out from the investment because he invests in businesses that grow organically, rather than injecting it with an influx of cash. Lori didn’t want to invest because Margaret already had two great offers from Emma and Robert. 

Emma made the offer of $350,000 for 12.5% of the company, and Robert joined in with her for the same amount. The offer became 25%, which was more than what she was originally aiming to give to the investors. She countered the offer with 8%, which Emma rejected instantly. Emma countered with a 12% equity instead. With back-and-forth offers, Robert told Margaret he’d give her the $350,000 for 8% equity, with no royalty fees and no debt. In the end, she thanked Robert for the offer, but she ended up getting a deal with Emma as her investor.

Shark(s) NameOffer and DemandCounterofferAccepted?
Kevin O’LearyOutN/AN/A
Mark Cuban$150,000 as investment, $200,000 as a loan for an 8% equity.N/AN/A
Robert Herjavec#1: $350,000 investment for 12.5% ownership in the business (Contingent on accepting Emma’s offer)

#2: $350,000 investment for 8% ownership in the company
N/AN/A
Emma Grede#1: $350,000 investment for 12.5% equity in the business.

#2:$350,000 investment for 12% equity in her business. 

#3:$350,000 investment for 8% ownership in the company
#1:$350,000 investment for 8% ownership in the business.

#2:$150,000 as investment, $200,000 as a loan for an 8% equity.
Yes ($350,000 investment for 8% ownership in the company)
Lori Greiner$150,000 as investment, $200,000 as a loan for an 8% equity.N/AN/A

Kahawa 1893 Coffee Shark Tank Update

kahawa 1893 coffee net worth

Founders Backstory

Margaret was born in Kenya, but she came to the USA on a scholarship for her undergraduate studies. She later got into Harvard for her MBA and went on to study Economics at the London School of Economics. She arrived in the United States with just $200 in her pocket, and the people of her village raised money for the ticket. Seeing what the women go through as coffee farmers, she wanted to start a business that would help them out along the way. It was this grit that gave birth to Kahawa in 1893. 

Initial Pitch

what happened to kahawa 1893 after shark tank

Margaret came to the Shark Tank determined to get an investment from the Sharks. She initially asked for $350,000 for a 5% ownership in the business, putting a value of $7 million. She explained to the Sharks that Kenyan coffee is famous worldwide, but little do most people know, that the land is mostly owned by men. 90% of the coffee farmers in Kenya are women, and they don’t get compensated fairly. With Kahawa 1893, customers can tip the women farmers directly via a QR code, and the company matches those tips. So far, customers have tipped $10,000, and the company has matched the $10,000 tips for the women coffee farmers.

The Sharks seemed impressed by Margaret’s coffee samples and her mission to support the underpaid women farmers. They questioned the origins of the company’s name. Margaret replied that Kahawa is a Swahili word (national language for Kenyan people) which means Coffee, and 1893 was the year in which coffee was first grown commercially on the land. All of the Sharks were impressed with her backstory, company, and the business model that she presented.

Shark’s Response and Final Deal 

did kahawa 1893 get a deal on shark tank

After the impressive pitch Margaret gave to her potential investors, Kevin O’Leary started the discussion. What he couldn’t wrap his head around was the valuation of $7 million. As an investor, he couldn’t see how he would get his investment back at a 5% equity by investing in $350,000 capital. For those reasons, he didn’t want to invest in the company. 

Mark Cuban was the second investor who backed out because he believed the company would need lots of capital. He further explained that invests in businesses that have the potential to grow organically for a slam dunk, rather than keep on investing cash after cash. 

Emma was the first investor who made the offer for Margaret. But, she raised the equity to 12.5% for $350,000. Initially, Margaret valued the company at $7 million, but Emma made the offer valuing her company at $2.8 million. Robert didn’t feel like he would be a good fit as a lead investor, but he wanted to be a part of the business. He also offered her $350,000 for 12.5% of the company with a contingency if she accepted the offer from Emma. This made the total come out to be $700,000 for 25% equity.

Margaret wanted to hear what Lori had to say as well. Lori didn’t want to invest because the offers she had from Robert and Emma were better than what she was going to offer her. Margaret countered Emma’s offer with 8%, as she didn’t want to give her 12.5% of the company, nor she didn’t want to give Robert 12.5% at the same time. Emma rejected the offer instantly and countered the offer with a 12% equity instead.

Margaret then proposed a newer offer to the Sharks. She countered the offer by getting $150,000 as an investment from the Sharks, for 8% equity and $200,000 as a loan. This intrigued the rest of the Sharks. Mark and Lori were initially out because the deals didn’t favor them. However, this offer did and they jumped right back into the deal. Robert thought that all the back-and-forth counter offers were confusing and he made the original offer that Margaret was seeking: $350,000 for 8% equity in the business.

Emma quickly countered with the same offer as Robert, while Mark and Lori backed out again. Margaret had two wonderful offers in front of her. She thanked Robert but eventually chose Emma as her main investor, and left Shark Tank with a deal.

Product Availability

Margaret came on the Shark Tank with a vision to promote her business and the female coffee farmers in Kenya. She got the deal from Emma and saw her business grow to new heights. The product line has grown since its appearance on the show. Some of the coffee varieties are:

  • Serengeti Blend (Dark Roast) 
  • Safari Blend (Medium-Dark Roast) 
  • Kenya Single Origin (Medium Roast) 
  • Ethiopian Blend (Medium Roast) 
  • Variety Pack (includes Safari and Serengeti) 

Kawaha 1893 can be bought from its official website, and from a variety of retailers. It can also be bought at Walmart, Amazon, and specialty retailers like Black Beverages and The Market Place. 

Conclusion

Margaret came on Shark Tank asking for $350,000 for a 5% ownership in her business. She had a vision for the future, plus she wanted to support the women in Kenya through which the coffee business was running the country. She swam with the sharks and came out on top with Emma as her lead investor. Even though she had a lot of offers on the table, she went with her as she believed Emma would take her business to new heights.

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