Funky Mello Net Worth 2024 Update & Their Shark Tank Pitch!

Shark Tank Funky Mello, a vegan marshmallow creme founded by Delisa and Zach Harper, was telecasted on Shark Tank USA in 2024 on Season 15. The founders were seeking $50,000 for 15% equity. Fortunately, they secured the deal they asked for with Daymond John. In this article, we will explore Funky Mello’s net worth in 2024, its Shark Tank pitch summary and more.

Funky Mello Net Worth

As of March 2024, Funky Mello’s net worth is $500K, and its annual revenue was $100K in 2023. 

Funky Mello Net Worth Timeline

Shark Tank Funky Mello Update from Season 15 

Funky Mello is the first-ever refrigerated plant-based marshmallow cream. They were gaining lots of attention and are sold in many stores across the country. Funky Mello makes yummy vegan desserts that people love.

Their flavours include Vivacious Vanilla, Satisfying Strawberry, and Creamy Cookie. Each with only 6 grams of sugar per serving, totalling 30 calories per tablespoon which is much less than traditional marshmallow creme.

Before they started filming, the business made over $100,000 in sales. But they lost $7,000 that year. During filming, they had earned $40,000 in sales. And they were expecting to reach a total of $200,000 by the end of the year.

When appearing in Shark Tank, they had $50,000 from friends and family in their bank account. Also, Delisa had put in $30,000 of her own money for their business. 

They made each unit for $2 and sold it wholesale for $4. Then, it was sold for $6.99. Daymond John offered them $50,000 for 15% of the company, exactly what they wanted. Lori Greiner thought they should take the deal. Finally, the founders accepted Daymond’s offer quickly, valuing the company at $333K.

What Happened to Funky Mello after Shark Tank?

As of March 2024, the Funky Mello is still in business. They sell their products at Whole Foods in the western and southern midwestern USA. Their marshmallows are made from chickpeas, whipped with special chickpea magic. They also use ingredients like sugar, tapioca syrup, salt, and vanilla extract.

They also sell their products on their website but only offer bundles, not individual choices. For example, a bundle of three marshmallow dips costs $19.99. They weren’t shipping orders until April/May, as of the original air date on March 1, 2024. Since they’re already in stores, they were likely seeking a Shark to expand nationally.

Funky Mello is in a market with big growth potential. The vegan dessert market is predicted to be worth $3.2 billion in 2023 and could reach $6.7 billion by 2033, growing at a rate of 8.5% per year. Funky Mello is not traditional marshmallows made with gelatin from animal parts. Funky Mello uses Aquafaba, the liquid from chickpea cans, making it gluten-free and allergen-free.

They’ve recently launched a product whose name is Dippsterz, along with support from FitJoy Foods company. You can buy Funky Mello on their website or Walmart’s online store, and they’re available in over 100 Whole Foods locations and Sprouts. They’re in more than 20 stores and sell about 9 units per store each week.  Also, they sell merchandise like shirts and mugs. 

Their growing fan base loves Funky Mello for various purposes, like adding it to coffee or using it as toppings for charcuterie boards. Also, they have a 4.9-star rating on Facebook and a growing fan base. Plus, they help fight food poverty among US kids.

Funky Mello Founders

Delisa and Zach Harper are the founders of Funky Mello. The company started in 2017. They are husband and wife. They met at a music festival and bonded over music and food. They loved marshmallows as kids but couldn’t eat them as adults due to health issues.

Zach got sick and found out he had food allergies. To eat better, he and his wife made Funky Mello. Also, Zach’s health struggles, including chronic gastritis, inspired them to create cleaner marshmallow cremes. 

They began by selling treats at farmers’ markets in Houston, then shifted to making vegan marshmallows. It was a tough journey, with challenges like production and COVID-19.   

Zach graduated from the University of Houston in 2012 with a Bachelor’s degree in Business/Corporate Communications. He worked in various sales roles, including Account Manager at Medco Medical Supply and Pharmaceutical Representative at Quinti. Later, he joined Touchpoint Solutions’ Pharmaceutical Sales team and then became Sales Manager at Freedom Medical in 2017. In 2019, he transitioned to ePac Flexible Packaging as a Sales Specialist.

Delisa has a passion for food and wellness. With over a decade of marketing experience, she worked with companies like Search Engine Journal, OpenText, and HP. Delisa holds an MBA and a bachelor’s degree in marketing from Texas A&M University-Commerce. They currently live in Austin, Texas. 

Funky Mello Achievements and Awards

Conclusion

Shark Tank is a TV show showcasing different business ideas, helping them succeed. Funky Mello was one of the ventures featured on the show. They made a deal with Daymond John, showing that success is possible with the right idea and execution. Now, we eagerly await to see how their success story unfolds in the future.

Before you leave, check out the other company updates in Season 15, Episode 16. 

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