Sanjiv Patel Shark Tank (Lord Nut Levington Founder)

Sanjiv Patel Shark Tank (Lord Nut Levington Founder)

Sanjiv Patel is an entrepreneur known for his appearance on the television show “Shark Tank.” He gained recognition for founding Lord Nut Levington, a brand specializing in uniquely flavored peanuts.

His entrepreneurial journey and business pitch on the show highlighted his innovative approach to the snack food industry, focusing on distinctive flavors like Bloody Mary and Thai Curry.

His background includes a degree from Babson College, where he has also been featured in alumni spotlights for his achievements in entrepreneurship.

Sanjiv Patel & Lord Nut Levington Founder on Shark Tank

Sanjiv Patel, the entrepreneur behind Lord Nut Levington, appeared on Shark Tank seeking an investment for his fancy peanut business.

Despite failing to secure a deal, the company initially found success after the show, with estimated annual revenue of $1 million by 2015 and distribution in around 2,000 stores nationwide, including Walmart, HEB, and Albertsons.

However, Lord Nut Levington’s success was short-lived. In early 2018, Patel announced that the company’s website was shutting down. By mid-2018, the company had ceased operations entirely after nearly a decade in business.

Patel has since moved on from the peanut industry. He served as CEO of Hail Merry, a plant-based snack company, and currently works as VP of finance at Monumental.

While Lord Nut Levington ultimately failed, Patel has reflected positively on his Shark Tank experience, stating that he “won a lot of battles” even though he “lost the war”.

Here’s what happened:

• Business Concept: Patel created interesting peanut flavors and clever packaging for Lord Nut Levington, a brand that features flavored peanuts. The fictional character and mascot, Lord Nut Levington, is an English revolutionary who resides in the Blandlands (where bland nuts live).
• Immigration Status: Originally from London, England, Patel was in the United States on an investor immigrant visa (EB-5). To satisfy the conditions of his green card, he needed to invest at least $500,000 and create ten jobs in the country.
• Shark Tank Appearance: Patel entered the tank in Season 5, seeking more capital to hire staff. Lord Nut Levington had lifetime sales of $700,000, but the business had yet to profit. Patel asked for an initial investment of $500,000 for 30% equity.
• Shark Rejections: The sharks were not impressed with the business’s finances. Kevin O’Leary, Barbara Corcoran, Lori Greiner, Robert Herjavec, and Mark Cuban all passed on the deal for various reasons.
• Post-Shark Tank: Despite not making a deal, Patel persevered. His story was profiled by media outlets, including NBC’s “Today Show,” which boosted sales. At its peak, Lord Nut Levington peanuts were stocked in nearly 2,000 retailers, including Walmart, Target, and Amazon.

What Is Net Worth Of Lord Nut Levington?

Sanjiv Patel appeared on Shark Tank in search of $500,000 in exchange for 30% ownership of the Lord Nut Levington Company. This translates to a $1.6 million valuation.

Lord Nut Levington, a brand specializing in flavored peanuts, was founded by Sanjiv Patel in 2011. When Patel appeared on “Shark Tank” in 2014, he sought a $500,000 investment in exchange for a 30% stake in the company, valuing it at $1.6 million.

Although Lord Nut Levington had lifetime sales of $700,000 (with $300,000 in 2013 alone), the business had yet to turn a profit.

Unfortunately, Lord Nut Levington’s success was short-lived. In early 2018, Patel announced that the company’s website was shutting down. By mid-2018, the company had ceased operations entirely after nearly a decade in business.

Patel has since moved on from the peanut industry. He served as CEO of Hail Merry, a plant-based snack company, and currently works as VP of finance at Monumental.

While Lord Nut Levington ultimately failed, Patel has reflected positively on his Shark Tank experience, stating that he “won a lot of battles” even though he “lost the war”.

As of August 2021, he is the CEO of Hail Merry, a plant-based snack food company.