‘Shark Tank’: Mark Cuban Snatches The $1M Umaro deal From Lori Greiner
3 min read
Lori Greiner & Mark Cuban’s deal for $1m with Umaro on Shark Tank made the former lose the deal with the potential company. Well, Shark Tank has been giving some potential businesses a platform to show their ideas and grab a deal with the investors on the show. In season 13 as well, a company Umaro got stuck between two investors Lori Greiner & Mark Cuban and the deal landed with one of them.
Read ahead to know more about Umaro’s deal with Lori Greiner & Mark Cuban on Shark Tank.
Shark Tank season 13 with the Umaro deal
It was on the 18th episode of season 13 Shark Tank that the show had products like Apolla, No Limbits, Umaro & Fort. While the investors at the show were analysing the idea of the potential entrepreneurs present on the show, it was Umaro that grabbed most of the attention.
Umaro, the company came with vegan products and had the potential to grab a deal for sure. Beth Zotter & Amanda Stiles, the founder of Umaro brought the idea of their Vegan bacon that was purely made from seaweed protein. While the product of the duo ladies sounded good to many investors. There was fight to grab the deal between Lori Greiner & Mark Cuban.
#UMARO Congrats on getting a deal with the richey man 😆 @LoriGreiner is so funny #SharkTank
— Nice introvert (@IntrovertNice) April 2, 2022
Mark Cuban & Lori Greiner showed interest in the Umaro deal
The idea of introducing plant-based bacon made purely out of seaweed sounded good as it was safe for the planet as well. However, not many of the investors moved ahead to have the deal with Zotter & Stiles. Yet we had Shark Tank with two investors willing to invest and that was Mark Cuban & Lori Greiner.
While both had their share of deals offered to Umaro founders. Only one of them got the deal. Lori Greiner was willing to have a deal with Umaro on 4% equity. Mark Cuban gave the offer of 8 % equity for $1M. However, both Zotter & Stiles walked into the show to have a deal on $500, 000 for 2 % equity.
To whom did Umaro win the deal finally?
With other investors not willing to put any deal with Umaro, it was Lori Greiner & Mark Cuban who were trying to get a deal done.
However, only one of them managed to get a deal with Zotter & Stiles company. Mark Cuban lastly agreed to have 7% equity in Umaro for $1M and it was finalised. Unfortunately to which Lori Greiner didn’t get a deal in the end. Not to miss, the episode showing the deal got aired on 1st April at 8 pm ET, on ABC.
Ruchi Singh
I'm a passionate writer who believes in the magic of words. I'm a former magazine writer and I love reading books that makes people grow to a better person. Every word holds an energy and I use them to create a positive beautiful life. #StayPositive #StayBlessed
