Banana Loca On Shark Tank Update – Shark Tank Season 13
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Banana Loca On Shark Tank Season 13
Banana Loca is a gadget designed to core and fill bananas with spreads like chocolate or peanut butter. Founders Renee Heath and Bechara Jaouden demonstrated its versatility by using it on cucumbers, zucchinis, and even donuts. They secured $250,000 for 25% equity and a $3/unit royalty from Mark Cuban and Kevin O’Leary. Summary:
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- Company Name: Banana Loca
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- Founders: Renee Heath, Bechara Jaouden
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- Founded: 2020
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- Product: Banana corer and filler tool
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- Asked For: $250,000 for 10% equity
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- Final Deal: $250,000 for 25% equity and a $3/unit royalty with Mark Cuban and Kevin O’Leary
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- Season/Episode (Shark Tank USA): Season 13, Episode 9
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- Business Status: In Business
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- Headquarters: Orlando, Florida, USA
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- Lifetime Worth (Sales): Estimated $500K
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- Investors: Mark Cuban, Kevin O’Leary
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- Go To Amazon: Buy Now
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- Watch On: Amazon Prime
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Description
Banana Loca On Shark Tank Update – Shark Tank Season 13
Banana Loca, a kitchen gadget that allows users to core and fill bananas with various spreads, appeared on Shark Tank Season 13 and successfully secured a deal. Here are the updates on the business since its appearance:
Banana Loca Shark Tank Appearance
- Entrepreneurs: Renee Heath and Bechara Jaoudeh
- Business: Banana Loca, a device that cores and fills bananas with spreads like Nutella, peanut butter, and yogurt.
- Ask: $250,000 for 25% equity
- Result: $250,000 for 25% equity and a $3 royalty per unit until the investment is recouped, from Mark Cuban and Kevin O’Leary.
Banana Loca Post-Shark Tank Developments
- Sales Surge: After their appearance on Shark Tank, Banana Loca received over 11,000 orders, resulting in nearly $300,000 in sales shortly after the episode aired.
- Lifetime Sales: As of July 2024, the company reported lifetime sales approaching $10 million.
- Viral Success: The product gained significant attention on TikTok, with videos featuring Banana Loca amassing over 58 million views. This helped boost brand visibility and sales.
- Product Availability: Banana Loca is sold on their official website and on Amazon, with the retail price currently at $28.99. They also offer a promotion of two units for $55.
- Customer Feedback: While many customers enjoy the product, some have reported challenges with usability and cleaning. In response, the company has improved product manuals and created how-to videos to assist users.
Banana Loca Current Status
Banana Loca continues to operate successfully, leveraging its Shark Tank exposure to grow its customer base and enhance its product offerings. The entrepreneurs remain active in promoting the gadget and expanding its use beyond bananas to other foods like cucumbers and donuts.
