Entrepreneur Nadine Habayeb pitched her popped water lily seed snacks during
If you’re short on time, here’s a quick overview of what happened to Bohana after
Nadine Habayeb appeared on
|Accepted deal for $200,00 as a loan at 9% interest over 36 months, plus 8% in equity
|$200,000 for 30% equity
Shark Tank Bohana Update
- Entrepreneur: Nadine Habayeb
- Business: Popped water lily seed snacks
- Ask: $200,000 for 10% equity
- Result: $200,000 loan at 9% interest for 3 years & 8% equity
- Shark: Kevin O’Leary
Nadine Habayeb is one half of the team behind Bohana, a popped water lily seed snack that is meant to replace popcorn. These seeds come from large lilypads in Northern India, and they contain more protein than popcorn.
There’s also no kernel, so you don’t have to worry about your teeth. Plus, they contain all nine amino acids. The seeds come in three tasty flavors, including Himalayan Pink Salt, White Cheddar, and Spice.
Habayeb asks the sharks to taste the full line, and they all are intrigued but hesitant. They taste great, but as Kevin O’Leary says, it may take some education for the public to understand the snack.
Additionally, Lori Greiner points out that there’s no fiber in the snacks, which Nadine says can be fixed.
When it comes down to the numbers, Bohana has been in business for 16 months, with nine of those in retail spaces. She’s made $120,000 in sales.
Further, the bags are twice as expensive as popcorn, something that ultimately worries the sharks.
Mark Cuban is the first to drop out because he doesn’t want to take on the task of educating people about the product.
However, this doesn’t deter Barbara Corcoran, because she’s made a similar deal with the company Pipcorn. She offers them $200,000 for 30% equity.
Guest shark Rohan Oza likes the product. He’s Indian and appreciates how snackable the product is. However, the path ahead seems too difficult, so he decides to drop out.
Lori is upset about the lack of fiber and says she will be a customer, but she doesn’t want to invest.
This leaves Kevin O’Leary. He offers to partner up with Barbara, but she refuses. Instead, he makes his own offer of $200,00 as a loan at 9% interest over 36 months, plus 8% in equity.
Nadine likes the deal, but wonders if Barbara will go in with Kevin. She won’t, and after some deliberation, Nadine chooses to accept Kevin’s offer.
Where is the company following
Research in our Bohana update revealed that the company may be out of business, or at least, struggling to make inventory available due to lack of funding. The Bohana website is up and running, though products are not available for purchase.
Additionally, it’s unclear if the deal with Kevin was ever finalized. In March 2021, the founders posted a video revealing that they were in 250 retail stores, including Amazon and Walmart, with sales that year being reported at $4 million annually.
We’ve reached out to Nadine for an official Bohana update and will let you know if we hear back!
In the meantime, you can find the other company updates from Season 11 Episode 16 here:
For even more on companies and products, be sure to stop by our Season 11 products page!
Andrew Smith is the founder and owner of Shark Tank Recap. He is a longtime Shark Tank fan that has been watching it for years and has seen every episode multiple times. His friends know him as the Shark Tank expert, because he can answer any question about the show! His favorite Shark Tank products are Bertello's pizza oven and Bug Bite Thing!