What Happened To Bee D’vine After Shark Tank?

Bee D’vine After Shark Tank Update: Bee D’vine is a Sustainable-produced, barrel-aged honey wine brand from Sonoma Valley. After the ask of the founder the value of company was $3.7 million which is very high valuation.

There are many people who start their day with wine. Wine is so popular that one definitely likes to drink it at any time. Its popularity is known from the fact that in 2020, the global valuation of this market has been estimated at USD 417.85 billion.

Red wine is very popular in this category of wine It is also very good for health, it works to solve problems like cholesterol, blood sugar, cancer, etc. Honey wine is also very popular on this wine list, there are people from many countries who like to drink wine, same Ethiopia is the world’s largest honey wine-drinking country.

What Is Bee D’vine?

Bee D’vine is a honey wine company founded in 2009 based in Sonoma, California, United States. The founder says that this wine is not mead, it is pure honey wine. Solomon has invented this product, it is a native of Ethiopia, Ethiopia is the world’s largest wine-drinking country.

When these two-ingredient is mixed, it is kept in a barrel for 15 months, after which it is kept in the bottle for two years. After this process is completed, it is finally called “a layered bouquet of almond, honeysuckle, and jasmine.” becomes.

This honey wine is an all-in-one alternative to eco-friendly, smooth, natural ingredients, dry and sweet non-bitters. Each honey wine glass contains at least 150 calories, in which the alcohol content is 11.5% – 12.5%. This honey wine starts at $10 and goes up to $349, with different variants.

Who Is The Founder Of Bee D’vine?

Ayele Solomon is a native of Ethiopia and the Citizen of the United States and is the Founder and CEO of the Bee d’Vine Honey Wine Company.

Ayele is the beginning of their coming to the United States before inventing this product. So when he was 12 years old, his family moved to the Bay Area of ​​California.

He then earned a degree in Environmental Economics from the University of California, Berkeley. He did natural resource development at Michigan State University.

Bee D’vine Shark Tank Update

Company Name	Bee D’vine
Founder	Ayele Solomon
Founded	2012
Product	sustainably produced, barrel-aged honey wine from Sonoma Valley
Asked For	$750k for 20% Equity
Final Deal	$750k for 40% Equity
Shark	Mark Cuban, Lori Greiner, Robert Herjavec, Daniel Lubetzky
Episode (Shark Tank USA)	S12 E5
Air Date	Nov 13, 2020
Business Status	In Business
Bee D’vine Net Worth	$1.2M *estimated
Headquarters	Sonoma, California, United States
Bee D’vine Instagram	View Profile
GO TO AMAZON	Buy Now

Also Read This: What Happened To Surprise Cake After Shark Tank?

Bee D’vine On Shark Tank Pitch

Bee D’vine founder, Ayele Solomon, spoke in a very simple way on Shark Tank and asked the sharks for $750,000 for 20% equity.

When Shark tested this honey wine, he liked this wine very much. Shark also praised the founder for the taste of this wine. Mark said in this that its price is very high, so people are not interested in buying it, due to which no one is able to test it. When people will not test this wine at all, then it is impossible to grow it.

Kevin said that 97% of the wine that is sold in America costs under $14. The cost of one bottle comes to $5.93 but Ayele sells it for a very high price. In this, the founder says that this is a classical strategy for small volume high margin.

Lori made an offer to the founder, Ayele, in which Lori would be 4 sharks with Mark, Robert, and Daniel their offer of $750,000 for 40% equity. Ayele Solomon agreed to this business deal with 4 sharks.

Bee D’vine Net Worth

Bee D’vine Net Worth has become $1.2 million. If its sales continue to grow in the coming times, then it can also grow in its net worth. After getting the deal in Shark Tank, the valuation of this company was $1.8 million.

Is Bee D’vine Still In Business?

Yes, Bee D’vine is still running well in June 2022, it is seen that Lori and the other 3 sharks are still with this company.

One percent of the sale of this wine goes to the Ethiopian Kafa community.

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