Alfonso Tejada came onto
Shark Tank Palmini Update
- Entrepreneurs: Alfonso Tejada
- Business: Food
- Ask: $300,000 for 10% equity
- Result: $300,000 for 25% equity
- Sharks: Mark Cuban and Lori Greiner
Alfonso told the sharks that he founded his company, Palmini, during the 2016 calendar year. His pasta product is designed to be a unique substitute for traditional pasta. The results of the tasting samples had mixed responses from the sharks. Several of the sharks disliked the taste of the product, while Lori seemed to enjoy it.
The most delicious low carb alternative! At only 20 calories & 4g of carbs per serving, you'll be craving this every single day! Just add your favorite sauce or seasonings and ENJOY!
Palmini didn’t have a lot of revenue at the time of appearing on
Robert Herjavec wasn’t interested, but Lori Greiner and Mark Cuban decided to partner up and make an offer of $300,000 in exchange for 30% equity in the Palmini brand. Alfonso managed to negotiate the amount of equity down to just 25% and decided to accept the deal thereafter.
Now that we know about how Palmini managed to strike a deal with Mark Cuban and Lori Greiner, let’s quickly cover the Palmini update to see what has happened since the company was featured on the
Palmini is now featured in several retail stores, including Whole Foods and Kroger. Customers can also find the product available on the Amazon marketplace. The company regularly updates customers with new posts on its website and social media pages.
With two sharks on his team, the future looks bright for Alfonso and our next Palmini update!
You can find the other company updates from Season 9 Episode 24 here:
Don’t forget to take a look at our Season 9 products page! We’ve got more company updates from
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!