Here’s What Happened To Sanaia Applesauce After Shark Tank
Facebook By Khyati Dand/Updated: Jan. 30, 2023 8:57 am EST
We may receive a commission on purchases made from links. Correction 4/12/22: An earlier version of this article stated that Sanaia went out of business. The company stopped operations during the COVID-19 pandemic but relaunched in 2022. There’s no doubt that “Shark Tank” is a brilliant platform for entrepreneurs. Having a shark’s backing can turn a part-time business that started out as a hobby into a multi-million dollar empire. For example, take Scrub Daddy, a texture-changing sponge scrub that is firm when cold and becomes soft under hot water, per the South China Morning Post. The sponge, which looks like it’s right out of a TikTok kitchen hack video, got shark Lori Greiner’s backing and turned into a million-dollar global business. And in 2012, Barbara Corcoran backed Los Angeles-based food truck biz Cousins Maine Lobster with a $55,000 investment and turned it into an even more successful business than it already was, bringing in $20 million in sales, per Mental Floss.
Another such promising business was Sanaia Applesauce. Episode 2 of Season 10 saw Bahamas-born Keisha Smith-Jeremie present to the sharks a simple business idea: applesauce for adults, per Shark Tank Tales) While the business owner did shake hands with “Shark Tank” investor Mark Cuban at the end of the episode, it turns out the billionaire didn’t get into the applesauce business after all.
Here’s What Happened To Sanaia Applesauce After Shark Tank
By Khyati Dand/Updated: Jan. 30, 2023 8:57 am EST
We may receive a commission on purchases made from links. Correction 4/12/22: An earlier version of this article stated that Sanaia went out of business. The company stopped operations during the COVID-19 pandemic but relaunched in 2022. There’s no doubt that “Shark Tank” is a brilliant platform for entrepreneurs. Having a shark’s backing can turn a part-time business that started out as a hobby into a multi-million dollar empire. For example, take Scrub Daddy, a texture-changing sponge scrub that is firm when cold and becomes soft under hot water, per the South China Morning Post. The sponge, which looks like it’s right out of a TikTok kitchen hack video, got shark Lori Greiner’s backing and turned into a million-dollar global business. And in 2012, Barbara Corcoran backed Los Angeles-based food truck biz Cousins Maine Lobster with a $55,000 investment and turned it into an even more successful business than it already was, bringing in $20 million in sales, per Mental Floss.
Another such promising business was Sanaia Applesauce. Episode 2 of Season 10 saw Bahamas-born Keisha Smith-Jeremie present to the sharks a simple business idea: applesauce for adults, per Shark Tank Tales) While the business owner did shake hands with “Shark Tank” investor Mark Cuban at the end of the episode, it turns out the billionaire didn’t get into the applesauce business after all.
We may receive a commission on purchases made from links.
There’s no doubt that “Shark Tank” is a brilliant platform for entrepreneurs. Having a shark’s backing can turn a part-time business that started out as a hobby into a multi-million dollar empire. For example, take Scrub Daddy, a texture-changing sponge scrub that is firm when cold and becomes soft under hot water, per the South China Morning Post. The sponge, which looks like it’s right out of a TikTok kitchen hack video, got shark Lori Greiner’s backing and turned into a million-dollar global business. And in 2012, Barbara Corcoran backed Los Angeles-based food truck biz Cousins Maine Lobster with a $55,000 investment and turned it into an even more successful business than it already was, bringing in $20 million in sales, per Mental Floss.
Another such promising business was Sanaia Applesauce. Episode 2 of Season 10 saw Bahamas-born Keisha Smith-Jeremie present to the sharks a simple business idea: applesauce for adults, per Shark Tank Tales) While the business owner did shake hands with “Shark Tank” investor Mark Cuban at the end of the episode, it turns out the billionaire didn’t get into the applesauce business after all.
Mark Cuban’s investment in Sanaia Applesauce fell through
While Barbara Corcoran initially offered $150,000 in return for 75% of the company, well above the 15% Smith-Jeremie was ready to give, she ended up taking Mark Cuban’s deal of $150,000 for 25% of her company (via the Shark Tank Blog). Considering Sanaia Applesauce had managed to receive a shark’s backing, it seemed like the small business was on its way to turning into yet another million-dollar company. However, Shark Tank Tales reports that the deal with Mark Cuban was never finalized.
