As a teenager, Nyamumbo got a scholarship to attend Smith College in Northampton, Massachusetts, and her village fundraised to buy her ticket abroad. She later got an MBA from Harvard University in 2016 while working on Wall Street for Citigroup.
Success came quickly. By the time of the"Shark Tank" episode's filming, Kahawa 1893 was on track to hit $4 million in 2022 sales, and was in stores like Trader Joe's and Sprouts, Nyamumbo said.— who admitted she didn't even drink coffee — jumped in, offering $350,000 for 12.5% of Kahawa 1893.Emma Grede and Margaret Nyamumbo make a deal: $350,000 for 8% of Kahawa 1893.
Nyamumbo said she was excited about the idea of having two Sharks as investors, but didn't want to give up a quarter of her company. She asked if the pair would consider a more creative deal: $300,000 in cash and $400,000 in debt for 16% in equity.
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