Nature’s Wild Berry Shark Tank Update – Net Worth, Pitch & Deal

Hank Watt and Juliano Bonanni made their appearance on Shark Tank season 14 episode 21 – to pitch their magically taste-changing wild berries business. The energetic duo introduced a product that has never been seen or heard of.

This berry, upon keeping it in your mouth for 30 seconds can change the taste of any food item whether it be sour or salty into complete sugary bliss.

The sharks were initially blown away by the uniqueness of their idea but did the young men manage to cut a deal with the sharks? Find out in our Nature’s Wild Berry Shark Tank update.

Nature’s Wild Berry Net Worth

The entrepreneurs Hank and Juliano asked for an $80k investment against 15% equity in their company. They valued their company at around $534k at the time of the show. They successfully secured a deal with Lori Greiner and Mark Cuban for an investment of $80k in exchange for 20% equity and a 3% royalty on every unit sold until the initial investment is paid back. This investment adjusted its valuation to around $400k. After the show aired, the company experienced a boost in website traffic, sales and social media exposure. As per my rough estimate, with a 10% growth rate (typical business growth) over the years, Nature’s Wild Berry’s current net worth is estimated at around $640k.

What Happened To Nature’s Wild Berry After The Shark Tank?

After the Shark Tank episode aired, the company experienced a 40% surge in sales on Amazon, and right away the company ran out of stock for which they were unprepared. It took the company 2 months to restock. The company is still in business and making great sales.

Did Nature’s Wild Berry Get A Deal On Shark Tank?

Initially, Kevin O’Leary offered the young duo $80,000 for a 33% stake in the company plus a $5 royalty on every unit sold until Kevin was paid $160,000 which is exactly double what he paid initially.

The next offer was from Daymond who tempted the young men with an offer of $80,000 for a 30% stake. On this move by Daymond Kevin came around with a better and even more competitive offer of $80,000 for 20% equity but he didn’t budge with the royalty.

Next comes Lori Greiner with an offer for the youngsters which they simply could not refuse which was $80,000 for 20% equity plus a 3% royalty on every unit sold until the initial investment is paid.

Mark Cuban was reluctant to make an offer but the duo proposed that they would be willing to take 2 sharks on board if they were willing to do a split on Lori Greiner’s offer to which Mark agreed.

Shark(s) NamesOffer and DemandCounterofferAccepted?
Kevin O’Leary#1:
$80k for a 33% stake and a $5 royalty per unit until $160k is paid.

#2:
$80k for a 20% stake and a $5 royalty per unit until $160k is paid.
N/ANo
Barbara CorcoranOutN/AN/A
Lori Greiner & Mark$80k for a 20% stake and a $3 royalty per unit sold until the investment is paid back.N/AYes
Daymond$80k for 30% equityN/ANo

Nature’s Wild Berry Shark Tank Update

nature's wild berry net worth

Initial pitch

The duo Hank and Juliano arrived on Shark Tank to ask for $80,000 for 15% of the equity in their business, Nature’s Wild Berry. They described their product as the new “go-to” item that could be seen in every home and diner all across the world.

The duo first explains the workings of the berries. They claimed that these “magical berries” can turn anything sour, tart, or even fermented more sweet than sugar.

The duo then proceeded with a physical demonstration of testing the berries with various substances like lemon juice, pickles, cranberry juice, and apple cider vinegar.

This so-called “magic berry” contains glycoprotein which binds with the taste receptors in your tongue blocks out anything sour and instead makes it sweet.

Queries About The Product

what happened to nature's wild berry after the shark tank

Kevin O’Leary, the chef himself, inquired about the lasting time of the berries to which they replied “The effect of the berry lasts from about 20-40 minutes”.

Lori Grenier came up with a very realistic question which was “What are you thinking of doing with this as a product?” to which the young entrepreneurs replied that this berry had helped him a lot personally. He used to be 240 pounds and identified as an emotional eater and his best friend made the healthiest green juice for him so now he could eat and drink anything and the berries would make it taste much much better and tastier.

Daymond inquired about the price of one pack of wild berries which was $26.99.He also inquired about the cost of the berries which came about to $2.64.

Kevin O’Leary comes back with another question which was about the estimated sales until the end of that current year, the estimated sales claimed by the duo was $340,000 worth of sales.

Kevin asked Hank and Juliano about where they were selling their product, the duo explained that their product was available on the largest online retailers

Barbara inquired about the share of the duo in the business individually to which Juliano explained that Hank had put in $120,000 in the business while Juliano had a share of $20,000

Sharks Response and Final Deal

did nature's wild berry get a deal on shark tank

All the sharks came up with their offers with their conditions. Kevin O’Leary was the first one to make an offer of 33% equity plus a $5 royalty on every unit sold.

Kevin’s offer was challenged by Daymond who came up with a more tempting offer for Hank and Juliano which was $80,000 for 20% equity with no royalty.

According to Barbara, this whole business idea was surreal so she decided to sit this one out. Next, Lori made an offer to the young duo which was $80,000 for 20% equity plus a 3% royalty on every unit sold until the initial investment was paid.

Mark was hesitant at first but Hank and Juliano explained that they were willing to work. With two sharks if they were comfortable with splitting the equity and royalty with which Mark agreed and hence the deal was closed. Hank and Juliano’s passion and good cause for the business helped them strike a deal with the Sharks.

Product Availability

Nature’s Wild Berries is an emerging company with a unique product often known as miracle berries, these berries can alter our sense of taste for a specific time bracket and during this time any substance consumed be that savoury, sour, or bitter appears to be sweeter than sugar.

Their products are mostly commonly available in online retail stores for affordable prices. With their 50-serving bag of miracle berries going for USD 28.99 and their travel jar going for $31.99USD

Conclusion

Nature’s Wild Berries is a unique business incentive providing their customers with a unique and luxurious experience at very affordable prices. These little miracle berries can turn any savory, sour or bitter substance into a sweet and delectable treat. These berries have the potential to completely revolutionize the way we eat or drink.it is certainly one of the most intriguing products ever showcased at Shark Tank.

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