Finding wholesome food options can be difficult for many people these days, particularly in bread and snacks. Finding enjoyable, nourishing meals that promote gut health is even more difficult for people who adhere to specific diets like paleo, keto, or gluten-free.
That is the role that Uprising Food played. Kristen and William Schumacher, a husband and wife duo, founded this business with the goal of providing superfood-rich bread and chips to address this issue. These items are suitable for individuals with particular dietary requirements since they are tasty, nutritious, and free of dairy and gluten.
Offering a healthier alternative to bread and chips, Kristen and William presented their idea to the sharks on Season 13 of Shark Tank. They want $500,000 in return for a 3% stake in the business. Did the entrepreneur get a deal on Shark Tank? Check out our Uprising Food update to find out!
Uprising Food Net Worth 2024
Kristen and William Schumacher asked for a $500k investment in exchange for 3% equity in their company. This meant they valued Uprising Food at approximately $16.67 million. Unfortunately, they did not secure a deal on the show.
After the show aired, Uprising Food saw a big increase in website traffic, sales, and social media exposure. Despite generating $5.2 million in revenue, the company struggled to maintain profitability and ultimately closed its doors in March 2023. As such, the current net worth of Uprising Food in 2024 is $0, reflecting its closure and discontinuation of business.
Uprising Food Shark Tank Update
As for the Uprising Food update, Uprising Food had an increase in interest after their Shark Tank debut. Sales increased because of the show’s exposure, and the business brought in $5.2 million. The business had a hard time staying profitable despite its financial achievements.
Uprising Food closed its doors in March 2023. Their search has ended as their social media accounts have been deactivated and their website has gone down. Since then, William Schumacher has changed his concentration and is currently employed as a growth expert in digital marketing
No, Uprising Food did not secure a deal on Shark Tank. The taste and quality of the products thrilled the sharks, but they were worried about the business’s financial stability. The company’s low profitability and huge acquisition expenditures were serious warning flags. As a result, none of the sharks offered a deal.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Emme Grede | Out | N/A | N/A |
| Lori Greiner | Out | N/A | N/A |
| Kevin O’Leary | Out | N/A | N/A |
| Daymond John | Out | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
Uprising Food Shark Tank pitch
Kristen and William Schumacher found uprising food with the specific goal of revolutionizing consumer eating habits by providing wholesome, superfood-rich bread and chips. William’s father had been experiencing digestive problems; he observed a marked improvement in his health after he started eating Uprising’s bread.
William and Kristen were inspired to produce goods that will help others dealing with comparable health challenges by their own personal story. The path to success was not simple, though. While attempting to grow the company, they had to contend with exorbitant production costs and the difficulty of teaching consumers about the advantages of their distinctive products.
During their Shark Tank appearance, Kristen and William introduced Uprising Food as a healthy food option for individuals who still want to indulge in bread and chips. They described how their products, which are in line with the Paleo and keto diets and contain components like flaxseed and almonds, enhance gut health.
In order to raise the money they needed to grow their company and cut expenses, they wanted to raise $500,000 in exchange for 3% stock. The couple’s enthusiasm and the product’s flavor won over the sharks, but soon after, worries about the company’s financial stability emerged. Keep reading our Uprising Food update to see what happens next!
Specific inquiries concerning Uprising Food’s business plan were put forward for each shark.
Kevin O’Leary questioned the company’s high valuation and its expected revenue stream. According to Kristen and William, they did $85,000 in 2019, below million in 2020, but in 2021, it increased to $2.1 million in the first six months.
The couple also revealed that a half loaf of bread costs $5.25 to manufacture, yet they sell it for $12 on their website.
Mark Cuban was concerned about the $50 the company was paying to gain each customer and how they intended to convert those one-time purchasers into repeat customers, considering they were only making $3 profit each transaction after shipping.
Emma Grede questioned the profitability of the business. The couple replied that right now they are not making any profit.
The founders tried their hardest to respond to these inquiries, but the sharks weren’t quite persuaded.
The first to leave was Barbara Corcoran, who stated that although the product was wonderful, she wouldn’t invest safely in the company.
Lori Greiner came next, saying that although the health food sector was expanding, the financial challenge was too big.
Kevin O’Leary stated that he was not interested in investing and that he could not defend the valuation.
Emma Grede thought the product was good, but she didn’t see a clear way to make money with it.
Mark Cuban counseled the couple to streamline their pitch and concentrate on what made their product unique because he was similarly worried about the company’s losses.
Ultimately, Kristen and William left without a deal after none of the sharks made an offer.
Uprising Food’s main problem, which kept it from landing a transaction, was its lack of profitability. Even though the product was favorably accepted, the business was dangerous because of the company’s high production expenses and $50 per person customer acquisition cost. The founders’ intention to sell the business or go public alarmed the sharks as well because their approach made it impossible for them to see a quick return on investment.
Product Availability
From our Uprising Food update research, before Uprising Food closed its doors in 2023, its bread and chips could be purchased via its website and other online channels. The bread was marketed as a better, more gastrointestinal-friendly option, and the products were priced at $12 for a half loaf. Regretfully, as of today, the company is no longer in operation, hence their products are no longer sold.
Conclusion
The Shark Tank journey of Uprising Food brought to light the difficulties in balancing passion and economics. Despite having a fantastic product and an engaging human story, Kristen and William Schumacher’s business made it difficult for investors to decide. Despite its remarkable sales figures, the company was forced to close its doors in 2023.
However, because of the exposure they received from their Shark Tank experience, William has recently changed careers to focus on digital marketing. Even though Uprising Food is no longer in business, their tale can teach other entrepreneurs how crucial it is to balance a sustainable business plan and high-quality products.
Hey, I’m Amna Habib an undergraduate student of Bachelors in Business Administration. Shark Tank is one of my favorite TV shows of all time. The show provides a fascinating insight into the world of entrepreneurship by presenting creative solutions to common problems, which strongly connects to my academic interests. I’m interested in learning more about the strategic thinking and creativity that lead these companies as each pitch provides insightful information. I’ve found that watching Shark Tank has inspired my enthusiasm for business and entrepreneurship and has been a very enlightening and motivating experience. Apart from business and writing, I love food, shopping, and hanging out with friends and family. Read more About me.
