✓ Got a deal Out of business Season 14, Ep. 10 🍽️ Food & Drink

Jica Foods on Shark Tank

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Jica Foods makes food products built around jicama, a crunchy, mildly sweet root vegetable. The brand targets health-conscious and low-carb eaters who are looking for lighter alternatives to traditional grain-based staples such as tortillas and wraps.

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⏱ Jica Foods in 30 seconds

  1. The ask$300K for 3%Valued at $10M
  2. In the tankDeal: $300K for 6%With Barbara · plus royalty
  3. After the showNot confirmedNo public record either way
  4. TodayClosedThe online store shows as unavailable and the brand's social accounts…

Jica Foods Shark Tank deal

Asked for
$300,000 for 3%
Asking valuation
$10M
Result
Deal
Final deal
$300,000 for 6%
Deal valuation
$5M
Structure
Royalty
Founders
Xin Wang and Melissa Colella-Wang
From
-
Aired
Jan 6, 2023
Asked
$10M
Got
$5M

Would you have invested in Jica Foods?

The pitch

Xin Wang and Melissa Colella-Wang pitched Jica Foods in Shark Tank Season 14, Episode 10 (aired Jan 6, 2023). They asked for $300,000 in exchange for 3% equity, valuing the business at $10M. The entrepreneurs walked away with a deal from Barbara Corcoran: $300,000 for 6%. That put the final valuation at $5M, 50% below what they originally asked for. The deal included a royalty.

What happened to Jica Foods after Shark Tank?

Out of business

Jica Foods appears to be out of business (The online store shows as unavailable and the brand's social accounts have gone quiet; food sites report it appears to be out of business).

Sources (2)
  1. foodrepublic.com/2019653/jicafoods-shark-tank-now/
  2. tastingtable.com/1895591/where-is-jicafoods-after-shark-tank
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Frequently asked questions

Did Jica Foods get a deal on Shark Tank?

Yes. Jica Foods got a deal with Barbara Corcoran for $300,000 and 6% equity.

Which Shark invested in Jica Foods?

Barbara Corcoran invested in Jica Foods on Season 14 of Shark Tank. Note that some on-air deals change or fall through during due diligence.

Is Jica Foods still in business?

Jica Foods appears to be out of business (The online store shows as unavailable and the brand's social accounts have gone quiet; food sites report it appears to be out of business).

What season and episode was Jica Foods on Shark Tank?

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

Where can I buy Jica Foods?

Search for Jica Foods on Amazon or major retailers; availability varies.

What was Jica Foods's valuation on Shark Tank?

The founders valued Jica Foods at $10,000,000 when they entered the Tank, and the final deal valued it at $5,000,000.

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