Frozen yogurt is a popular treat, but it’s not always healthy. That’s why Michael Akindele and Ehime Eigbe came up with a version of the dessert that not only tastes good but is good for you too. Will the entrepreneurs secure a deal on
Shark Tank Sweetkiwi Update
- Entrepreneurs: Michael Akindele and Ehime Eigbe
- Business: Healthy frozen yogurt
- Ask: $250,000 for 5% equity
- Result: $250,000 for 16% equity
- Sharks: Robert Herjavec
Michael and Ehime brought their Sweetkiwi frozen yogurt to
The sharks loved the taste of the product and had tons of positive feedback, but they weren’t so sure that the company was worth $5 million right off the bat.
Sweetkiwi has had success already in Nigeria, and in America, they had already generated more than $2 million in lifetime sales. At the time of filming, Sweetkiwi was already featured in retail stores like Walmart and had also been in Whole Foods for more than two years.
The retail price for Sweetkiwi is between about $5 and $7, depending on the location and flavor. It only costs a little over $2 per unit to produce.
As the entrepreneurs explained more about their business, Kevin O’Leary interrupted and offered $250,000 for 20% equity.
Meanwhile, Mark Cuban, Daymond John, and Lori Greiner dropped out. When Kevin didn’t receive an answer fast enough, he dropped out.
With Kevin out, things were starting to look rough for Michael and Ehime, but Robert Herjavec saved the day and offered $250,000 for 20%. After negotiating with Robert for a short time, they managed to secure a deal with him for $250,000 in exchange for 16% equity.
What happened next for the company? Keep reading our Sweetkiwi update to find out!
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Our Sweetkiwi update reveals great news! Michael and Ehime’s company are still in business and had more than $1.1 million in sales in 2023. They recently launched in Kroger stores and are continuing to expand their reach with the help of Robert.
We’ve reached out to Michael and Ehime for a more official Sweetkiwi update and will let you know if we hear back. Products are also available on the Sweetkiwi website.
Do you want to learn about the other companies featured in Season 14 Episode 16? 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 14 Products Page!
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!