3 brothers used this deck to pitch their healthy energy drink on 'Shark Tank.' 8 months later, the company was worth $50 million

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

After appearing on ABCSharkTank, the founders of DRINKSUPERCO brought in over $1 million in revenue in 2018

The episode aired in February 2018. Today, Kitu Life is valued at $50 million.was born just over three years ago, in Jordan DeCicco's college dorm room.

DeCicco was a basketball player looking for a more nutritious alternative to energy drinks. His older brothers, Jim and Jake, had also been college athletes and could feel his pain.: a bottled coffee drink made with Colombian coffee, lactose-free protein, and MCT oil from coconuts.In February 2018, the founders' appearance on"Shark Tank" aired on national TV.

The company brought in over $1 million in revenue in 2018. In November of that year, after closing their Series A round, they were valued at about $50 million. Kitu Life products — which include Super Coffee and Super Creamer — are sold in Wegmans, Whole Foods, and Fairway. On"Shark Tank" and in subsequent pitch meetings, the Kitu Life founders used a 23-slide pitch deck that covers their back story, what makes them special, and their financials.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Square shares tank after payments company lowers guidance for the second quarterSquare shares dropped after the company reported weaker-than-expected gross payments volume and lowered its guidance for the second quarter. Nobody uses square The numbers was good Not good
Source: CNBC - 🏆 12. / 72 Read more »