NuMilk Net Worth 2024, After Shark Tank Update, Revenue, Sales

NuMilk is a brand that specializes in plant-based fresh milk, its founded by Joe Savino and Ari Tolwin who went to shark tank seeking $1 million for a 5% stake in their company. As of 2024, NuMilk’s net worth is $55.09 million.

NuMilk Net Worth

NuMilk is a New York-based company and they make money by selling milk makers and plant-based milk pouches.

America’s one of the innovative companies NuMilk has an estimated net worth of $55.09 million including assets and brand value.

Prior to Shark Tank, NuMilk raised $12 million with a valuation of $40 million pre-money.

Company / Brand name	NuMilk
Founder	Joe Savino and Ari Tolwin
Founded	2018
Industries	Food and Beverages Service
Headquarter	New York, New York, U.S.
Products	Mechin and Pouch
Business Type	PVT LTD
Patents	N/A or Zero
Net worth	$ 55.09 Million
Revenue	$ 2-3 Million
Cash at Bank	$ 3.5 Million (2019-20)
Company value	$ 60 Million
Investors	2 (Two)

Also read – Foam Party Hats Net Worth, After Shark Tank, Sales, Update

NuMilk Shark Tank Funding

Air Date	26 March 2021
TV show	Shark Tank Episode 18, Season 12
Asking for	$1 Million for 5% equity
Final deal	$1m for a 7% stake plus an optional $1m loan at 3% interest for a 3% stake in advisory shares
Shark in	Mark Cuban
Sharks out	Lori Greiner, Kevin O’Leary, Barbara Corcoran, Daymond John

Shark Tank Pitch, Offer, and Video

Joe Savino and Ari Tolwin: Seeking $1 million for a 5% stake with a $20M valuation.

Barbara Corcoran: After listing all the sales numbers, Barbara didn’t understand the business, and that’s why she decided not to invest.

Lori Greiner: Lori was out by saying, “It’s just not investable for me”.

Kevin O’Leary: Kevin’s offer was $1M as a loan at 9.5% interest for a 5% stake.

Mark Cuban: After giving some business recommendations, Mark said that “5% is not enough”.

Founder: Countered $1 million for a 6% stake.

Mark Cuban: Mark said no, then Mark countered with his offer “$1 million for a 7% stake plus an optional $1 million loan at 3% interest for a 3% stake in advisory shares”.

Joe Savino and Ari Tolwin (founder): Numilk’s founders Joe Savino and Ari Tolwin accepted Mark’s offer.

Also read – Pnuff Crunch Net Worth, After Shark Tank, Funding, Sales, Revenue, Owner

NuMilk After Shark Tank

After Shark Tank, NuMilk has introduced small milk machines and pouches and also they have implemented a subscription model for pouches.

After getting $2 million in funding from Mark Cuban, their bank balance went up from 3.5 million to $5.3 million.

Social media account…

Instagram

numilk

FAQs