Palmini on Shark Tank

Name: Palmini
Price: 5 USD
Availability: InStock

Palmini is a low-carb pasta alternative made from hearts of palm. It is aimed at people following keto, low-carb, or gluten-free diets who want a noodle substitute that works with traditional pasta sauces.

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Typical price: about $5 (may vary)

⏱ Palmini in 30 seconds

The ask$300K for 10%Valued at $3M
In the tankDeal: $300K for 25%With Lori and Mark
After the showNot confirmedNo public record either way
TodayStill in business

Palmini Shark Tank deal

Asked for: $300,000 for 10%
Asking valuation: $3M
Result: Deal
Final deal: $300,000 for 25%
Deal valuation: $1.2M
Sharks: Lori Greiner, Mark Cuban
Founders: Alfonso Tejada
From: FL
Aired: Feb 25, 2018

Asked

$3M

Got

$1.2M

Would you have invested in Palmini?

The pitch

Alfonso Tejada from FL pitched Palmini in Shark Tank Season 9, Episode 24 (aired Feb 25, 2018). They asked for $300,000 in exchange for 10% equity, valuing the business at $3M. The entrepreneurs walked away with a deal from Lori Greiner and Mark Cuban: $300,000 for 25%. That put the final valuation at $1.2M, 60% below what they originally asked for.