Lord Nut Levington Peanuts Update | Shark Tank Season 5

Sanjiv Patel has developed six different varieties of flavored peanuts that have gained a small but devoted following. Will this entrepreneur crack open a deal on Shark Tank Season 5? Find out in our Lord Nut Levington update!

Shark Tank Lord Nut Levington Update

Lord Nut Levington Update

  • Entrepreneurs: Sanjiv Patel
  • Business: Snack peanuts
  • Ask: $500,000 in exchange for 30% equity
  • Result: No deal
  • Sharks: None

Sanjiv was tired of peanuts that were either plain or sweet. He had prior success in the snack foods industry, having made a small fortune as director of finance at Stacy’s Pita Chips, so he invested $1.1 million and developed his own line of spicy peanuts, called Lord Nut Levington.

The company launched in April 2011, about three years prior to filming. In that time, they’d done $700,000 in sales, with $300,000 of that coming in the twelve months prior. Sanjiv projected their next-year sales to be $350,000, but said the company wouldn’t see any profit, surprising the sharks.

Kevin O’Leary was first out, saying he didn’t think things were going well for the company. Barbara Corcoran believed Sanjiv wasn’t passionate enough about his peanuts, so she was out next. Lori Greiner was next to go out, saying she couldn’t even eat peanuts. Robert Herjavec said he didn’t hear the plan for growth, or anything else that made him want to invest a half million dollars, so he too went out.

Mark Cuban felt that it would cost too much money to fix the company’s problems, so he was the last shark out. Without an offer from any of the sharks, Sanjiv was forced to leave the tank without a deal. What happened next for the company? Keep reading our Lord Nut Levington update to find out!

We have sad news to share. Unfortunately the company shut down in 2018, despite have some short term success in grocery stores and on Amazon. These days, Sanjiv serves as the CEO of Hail Merry, the gluten-free, vegan snack brand. This will be our final Lord Nut Levington update.

Would you like to learn about the other companies featured on Season 5 Episode 23? Follow the links below for our other company updates from the episode.

For even more on companies and products, be sure to stop by our Season 5 Products Page!

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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!