Jica Foods

Deal

Jica-based foods

Jica Foods is a jica-based foods that got its big break on Shark Tank in Season 14, and convinced Barbara Corcoran to invest.

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From the show

The Shark Tank pitch

$300K
Asked for
3%
Offered equity
$10M
Sought valuation
$300K
Deal amount
6%
Deal equity
$5M
Deal valuation

Founder Xin Wang and Melissa Colella-Wang stepped onto the carpet in Season 14, Episode 10 in the episode that aired January 6, 2023. Jica Foods, the jica-based foods, pitched in the Food & Drink category, one of 318 food & drink businesses to brave the Tank across all 17 seasons.

The ask was $300,000 for 3% of the company, an implied valuation of $10M.

Barbara Corcoran made the deal at $300,000 for 6% equity. That priced the company at $5M, a haircut from the $10M the founders walked in asking for, which is how negotiations in the Tank usually go. The structure included a royalty component.

Season 14 saw 87 pitches, and 62 of them closed a deal on air. In the Food & Drink category overall, roughly 61% of pitches have landed a shark across the show's history.

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Frequently asked questions

Where can I buy Jica Foods?

Check current price and availability on Amazon. Note that some Shark Tank products are discontinued or sold under a new name.

Did Jica Foods get a deal on Shark Tank?

Yes. Jica Foods closed a deal for $300,000 in exchange for 6% equity, with Barbara Corcoran.

Which shark invested in Jica Foods?

Barbara Corcoran invested in Jica Foods ($300,000 total as aired).

What season of Shark Tank was Jica Foods on?

Jica Foods appeared in Season 14, Episode 10, which aired January 6, 2023.

How much was Jica Foods asking for on Shark Tank?

The founders asked for $300,000 for 3% of the company, a $10M valuation.

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