Food waste, particularly produce waste, is a huge problem in the U.S. Kaitlin Mogentale hopes to reduce the impact of wasted food by creating snacks from food pulp (the byproduct of juicing). Will the sharks take a bit of this sustainable business during the Season 13 pitch? Keep reading our
Shark Tank Pulp Pantry Update
- Entrepreneur: Kaitlin Mogentale
- Business: Vegan snacks made from discarded produce pulp
- Ask: $500,000 for 10% equity
- Result: $500,000 for 17% equity
- Shark: Mark Cuban
The Pulp Pantry pulp chips are vegan, gluten-free, and use no grain. They have massive amounts of fiber, all of which come from leftover pulp from two of the US’s biggest juice companies.
When Kaitlin appeared on the show, Pulp Pantry had $500,000 projected sales in the year of filming. The sharks were pleased with these numbers, and they loved Kaitlin’s mission.
Barbara Corcoran dropped out first, stating that the space was too competitive for her. Kevin O’Leary, on the other hand, had an issue with the valuation. Despite this, he offered her $500,000 for 25% equity.
Guest shark Emma Grede agreed with Kevin about the valuation and went out as a result. Lori Greiner loved the product but not the cost—regardless, she offered $500,000 as a loan at 6% interest for a 10% equity stake.
Mark Cuban started his offer by listing off the other companies he had in the same space. He offered $500,000 for 20% equity. Kaitlin countered for 15%, and Mark agreed to 17% equity. Katilin walked away with a great deal! Let’s see how the company is doing today in our
Pulp Pantry is going places! During our research for your Pulp Pantry update, we found that some of their chip varieties were sold out after appearing on the show. With a great model and lots of work from Mark, we’re sure this company can only get better!
But what about the other company updates from Season 13 Episode 22? Catch up here:
Need to get caught up on the rest of the season? Find our other Season 13 company updates on our Season 13 products page.