As per the latest update from Shark Tank, Tia Lupita Foods has a net worth of $17 million. Tia Lupita secured an investment from Kevin O’Leary for 5% equity and has seen a huge growth in sales since then.
Tia Lupita Foods Net Worth
| Net Worth | $17 Million |
| Annual Revenues | $13 Million |
| Profits | $1 Million |
| Lifetime Sales | $25 Million |
| Employees | 10 |
| Founder | Hector Saldivar |
| Investor | Kevin O’Leary |
| Investment | $500k Line of Credit |
What are the company’s Revenues?
When the company appeared on Shark Tank in Season 14, annual revenues were $4 million. During the next 12 months after the episode aired on TV, Tia Lupita Foods made an astronomical sales of $9 Million.
As if today, the company is generating $1 Million in sales every month. Kevin O’Leary halped the company get into hundreds of Walmart stores.
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Kevin O’Leary Loan
Kevin invested $500k in the company in the form of a loan. As on today, $470,000 of that loan amount has already been repaid through profits.
Do You Know: A few months ago, Tia Lupita Foods secured a huge $1.6 million investment from a top Hollywood action hero for 10% equity.
About Tia Lupita
Company’s founder Hector Saldivar has created a line of healthy, Mexican-inspired tortilla chips using clean and sustainable ingredients.
Hector’s company, Tia Lupita Foods, distinguishes itself from other Mexican-inspired brands by utilizing straightforward, wholesome ingredients.
Shark Tank Pitch
Hector mentioned that Tia Lupita Foods gained recognition at both Whole Foods and Sprouts Farmers Market.
The production cost of a bag of tortilla chips is approximately $1.50, and they retail for approximately $3.99 at stores such as Sprouts.
Daymond John and Barbara Corcoran chose to opt out due to their lack of interest. Similarly, Mark Cuban swiftly decided that this wasn’t the suitable investment for him and withdrew from the opportunity.
After some back-and-forth discussions, Kevin O’Leary offered $500,000 as a line of credit in exchange for 5% equity in the company. Hector agrees and they shake hands.