Palmini
Dealpasta made from hearts of palm
Palmini, the pasta made from hearts of palm, landed on the national radar after pitching the sharks in Season 9, and convinced Mark Cuban and Lori Greiner to invest.
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From the show
The Shark Tank pitch
- $300K
- Asked for
- 10%
- Offered equity
- $3M
- Sought valuation
- $300K
- Deal amount
- 25%
- Deal equity
- $1.2M
- Deal valuation
Alfonso Tejada faced the sharks in Season 9, Episode 24 in the episode that aired February 25, 2018. Palmini, the pasta made from hearts of palm, pitched in the Food & Drink category, one of 318 food & drink businesses to brave the Tank across all 17 seasons.
They came in asking $300,000 in exchange for 10% equity, putting a $3M valuation on the business.
Mark Cuban and Lori Greiner teamed up at $300,000 for 25% equity. That priced the company at $1.2M, a haircut from the $3M the founders walked in asking for, which is how negotiations in the Tank usually go.
Across Season 9, 65 of 96 pitches ended in a handshake. 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 Palmini?
Check current price and availability on Amazon. Note that some Shark Tank products are discontinued or sold under a new name.
Did Palmini get a deal on Shark Tank?
Yes. Palmini closed a deal for $300,000 in exchange for 25% equity, with Mark Cuban and Lori Greiner.
Which shark invested in Palmini?
Mark Cuban and Lori Greiner invested in Palmini ($300,000 total as aired).
What season of Shark Tank was Palmini on?
Palmini appeared in Season 9, Episode 24, which aired February 25, 2018.
How much was Palmini asking for on Shark Tank?
The founders asked for $300,000 for 10% of the company, a $3M valuation.
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