Kenyan coffee is some of the best in the world, but there’s just one problem… 90% of the coffee is grown by women farmers who are not fairly compensated. That’s why Margaret Nyamumbo has come up with a coffee brand that solves this problem. Will she earn a deal on
Shark Tank Kahawa 1893 Update
- Entrepreneurs: Margaret Nyamumbo
- Business: Kenyan coffee with a mission to compensate women farmers
- Ask: $350,000 for 5% equity
- Result: $350,000 for 8% equity
- Sharks: Emma Grede
Margaret brought her coffee brand, Kahawa 1893 to
To make a difference, her company only sources its coffee from women farmers in Africa and offers a tipping program with the tips going directly to the women.
Customers can leave a tip that goes directly to the farmer through a QR code on the packaging, and the company then matches every single tip made.
Year to date, $10,000 in tips had already been received and matched by the company. In the 12 months prior to filming, the company had brought in $2 million in gross revenue sales.
To produce a bag of coffee costs about $5 per unit. She then sells it wholesale for $8 per bag, and it retails for $14.99.
Kevin O’Leary didn’t like Margaret’s valuation and dropped first. Guest shark Emma Grede was interested though and offered $350,000 for 12.5% equity.
Robert Herjavec said he’d go in on Emma’s deal, offering up an additional $350,000 for 12.5% equity if they partnered together.
Mark Cuban then dropped out, saying this wasn’t the type of company he likes to invest in. Lori Greiner was next to go out because there were already great offers on the table.
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Margaret countered the sharks with an offer of $150,000 for 8% equity, and a loan for $200,000. Robert countered back with a sole deal of $350,000 for 8% and Emma countered the exact same thing.
Then Mark and Lori said they’d be willing to do the same deal. In the end, Margaret accepted Emma’s offer! What happened next for her company? Keep reading our Kahawa 1893 update to find out!
We have great news to share in our Kahawa 1893 update! The company is still in business with sales projected to reach more than $4 million in 2023. Additionally, with Emma on the team, Margaret should be able to take her company to new heights!
Products are available at several major retailers and on the Kahawa 1893 website.
Do you want to learn about the other companies featured in Season 14 Episode 14? Follow the links below for our other company updates from the episode.
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Jeremy is a regular contributor at Shark Tank recap. He has a ton of passion for the show and enjoys researching information about what all the companies are up to now. His favorite Shark Tank companies are The Cookie Dough Cafe and Kronos Golf!