What Happened To Fila Manila After Shark Tank?

Fila Manila After Shark Tank Update: Fila Manila is a Filipino American business founded by a Jake Deleon Filipino family in 2020. Filipino American cuisine is one of the most popular foods in the United States.

Deleon was born in the Philippines and grew up in New Jersey but he never forgot Filipino Delicious flavors. He started Fila Manila to promote his Filipino family and culture. According to a Stanford University report, 1% of people in the United States are Filipino Americans.

What Is Fila Manila?

Fila Manila food business that sells Filipino sausages and spreads. All products are gluten-free, dairy-free, & vegan and no artificial colors are used. All the products are Adobo Sauce, Coconut Spread, Banana Ketchup, Peanut Sauce, and many more.

You can find these products at selected Whole Foods, Meijer, Fresh Thyme Market, Stop & Shop, and Target retail stores. The price of all products ranges from approximately $9.50 – $15.

Who Is The Founder Of Fila Manila?

The Founder of the Fila Manila company is Jake Deleon. He has great experience in the marketing field and has also studied at Harvard Business School Executive Education.

He has worked for 10 years in many popular companies including Procter & Gamble, Blizzard Entertainment, and Starbucks. After leaving his job in 2015, he started Origin Almond, a cold-pressed juices business, however, this business closed in 2020. Apart from all this, he became a member of the Founders Community Founders Heritage in 2023.

Fila Manila Shark Tank Update

Company Name	Fila Manila
Founder	Jake Deleon
Founded	2020
Product	Filipino sausages and spreads
Asked For	$250k for 5% equity
Final Deal	$250k for a 20% equity with an option to return 5% if the sales benchmark is met
Shark	Daniel Lubetzky
Episode (Shark Tank USA)	S15 E16
Air Date	March 1, 2024
Business Status	In Business
Fila Manila Net Worth	$0.8M *estimated
Headquarters	Washington, District of Columbia, USA
Fila Manila Instagram	View Profile
GO TO AMAZON	Buy Now

Also Read This: What Happened To Da Vinci Eye After Shark Tank?

Fila Manila on Shark tank Pitch

After entering Shark Tank, Jake, a Filipino first-generation American immigrant, told his business story and asked the Sharks for $250k for 5% equity.

Lori Greiner, Mark Cuban, and Daymond John refused to invest in this business. Kevin O’Leary said this business is not worth $5 million so he is out.

Daniel Lubetzky offered $250k for 20% equity at a $1.2 Million Valuation. Jake countered with Daniels making all the Sharks a royalty offer of $250k for a 5% equity + a royalty of 5-8% of sales until $250k is paid.

Kevin O’Leary offered $250k for a 10% equity + a royalty of 5-8% of sales until $500k is paid. Daniel Lubetzky made another offer of $250k for a 20% equity with an option to return 5% if the sales benchmark is met. Jake accepted Daniel’s offer.

Fila Manila Net Worth

Fila Manila’s net worth is estimated at $0.8 million. There are many Filipino Americans in the United States and their population is also increasing. They eat a lot of Filipino food daily. This is a market size of $3 billion.

Is Fila Manila Still In Business?

Yes, Fila Manila is still in business as of March 2024.

Jake Deleon is not going on the job and working on this business full time. He wants to promote Culture through his food.

The headquarters of this food and beverage company is in Washington, District of Columbia, United States. According to the LinkedIn profile, the company currently has 2-10 employees.

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