Sweetkiwi
DealHealthy frozen yogurt
Sweetkiwi is a healthy frozen yogurt that got its big break on Shark Tank in Season 14, and convinced Robert Herjavec to invest.
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From the show
The Shark Tank pitch
- $250K
- Asked for
- 5%
- Offered equity
- $5M
- Sought valuation
- $250K
- Deal amount
- 16%
- Deal equity
- $1.6M
- Deal valuation
Founder Michael Akindele and Ehime Eigbe stepped onto the carpet in Season 14, Episode 16 in the episode that aired March 10, 2023. Sweetkiwi, the healthy frozen yogurt, pitched in the Food & Drink category, one of 318 food & drink businesses to brave the Tank across all 17 seasons.
The ask was $250,000 for 5% of the company, an implied valuation of $5M.
Robert Herjavec made the deal at $250,000 for 16% equity. That priced the company at $1.6M, a haircut from the $5M the founders walked in asking for, which is how negotiations in the Tank usually go.
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 Sweetkiwi?
Check current price and availability on Amazon. Note that some Shark Tank products are discontinued or sold under a new name.
Did Sweetkiwi get a deal on Shark Tank?
Yes. Sweetkiwi closed a deal for $250,000 in exchange for 16% equity, with Robert Herjavec.
Which shark invested in Sweetkiwi?
Robert Herjavec invested in Sweetkiwi ($250,000 total as aired).
What season of Shark Tank was Sweetkiwi on?
Sweetkiwi appeared in Season 14, Episode 16, which aired March 10, 2023.
How much was Sweetkiwi asking for on Shark Tank?
The founders asked for $250,000 for 5% of the company, a $5M valuation.
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