Bee D’Vine Honey Wine Update | Season 12

Bee D’Vine Honey Wine appeared on Shark Tank on November 13, 2020. Founder Ayele Solomon left the tank with a deal from Mark Cuban, Lori Greiner, Robert Herjavec, and Daniel Lubetzsky of $750,000 for 40% equity. Here’s a quick recap of everything that happened during the honey wine pitch as well as news on a Bee D’Vine update after Shark Tank.

Bee D’Vine Update After Shark Tank

  • Entrepreneur: Ayele Solomon
  • Business: Honey based wine
  • Ask: $750,000 for 25% equity
  • Result: $750,000 for 40% equity
  • Shark: Mark Cuban, Lori Greiner, Robert Herjavec, and Daniel Lubetzsky

Bee D’Vine Honey Wine appeared on Shark Tank Season 12 Episode 5 and introduced the sharks to the world of honey-based wines. Founder Ayele Solomon shared four of his wines with the sharks, who all agreed that it was really good. Further, Bee D’Vine has an initiative that helps save the bees, which all the sharks applauded.

However, the honey stopped flowing when Ayele shared that he only had $400,000 in sales over the past six years. However, in the past 12 months, Bee D’Vine wine has sold $115,000 in the product — so it looks like things are buzzing in the right direction. This was enough to interest all the sharks, except Kevin O’Leary, who is already in the wine space.

Ayele shared that the average bottle sells for $39-$49, while only costing $5 to manufacture. The sharks suggested that the company create a cheaper wine, around the $15 range, that could draw in new customers who don’t want to pay so much for a brand of wine they’ve never tried. Following that advice, Mark Cuban, Lori Greiner, Robert Herjavec, and Daniel Lubetzsky offered Ayele a $750,000 investment for 40% equity in Bee D’Vine Honey Wine, which he accepeted.

After airing on Shark Tank, it looks like Bee D’Vine is now offering a $29 bottle of honey wine, possibly due to the shark’s suggestions. At the time of writing, we don’t have an official Bee D’Vine update, but if we get one, we will update this page!

For updates on the other products featured on Season 12 Episode 5, be sure to check the links below!

For more Shark Tank product updates, be sure to check out our Season 12 products page!