What Happened To The Tomte Cake After Shark Tank?

The Tomte Cake After Shark Tank Update: The Tomte Cake is a gingerbread house kit product that helps you build a non-assembled gingerbread house. Many people hold parties on the Christmas holiday and it is a special day for children in which children make and decorate gingerbread houses.

There are many gingerbread houses available in the market but most of them do not taste good and assembling them is also not easy for children. So The Tomte Cake is the best kit to make a non-assembled gingerbread house.

What Is The Tomte Cake?

The Tomte Cakes is a business that sells gingerbread house kits, Tomte gnomes, and more. Their products are mainly for Christmas and the target is kids.

This product is a 3D-designed house baking pan that will help kids make a quick gingerbread house on their own. Kids can make a house by adding their favorite flavors. This product’s selling cost is $54, its also made from only aluminum.

Who Is The Founder Of The Tomte Cake?

Miranda Tompkins is the founder of The Tomte Cake Business. Apart from this, she is a neuroscientist and has studied at Colgate University. After completing her studies, she worked in many companies for 3-4 years.

The Tomte Cake Shark Tank Update

Company Name	The Tomte Cake
Founder	Miranda Tompkins
Founded	2022
Product	Gingerbread House Kit
Asked For	$200,000 for 10% equity
Final Deal	$200k for 15% equity
Shark	Kevin O’Leary
Episode (Shark Tank USA)	S15 E8
Air Date	Dec 8, 2023
Business Status	In Business
The Tomte Cake Net Worth	$500K *estimated
Headquarters	Portland, Oregon, USA
The Tomte Cake Instagram	View Profile
GO TO AMAZON	Buy Now

Also Read This: What Happened To Rebel Cheese After Shark Tank?

The Tomte Cake on Shark Tank Pitch

Founder Miranda, after entering the Shark Tank, asked for $200k for 10% equity from the Sharks. After this, she explained to the Sharks about her product. The cost of the product is $15. The retail cost of one set is $60 but the discount is available at the time of sale.

Miranda has invested $150,000 in this business. Kevin O’Leary offered $200k for a 25% equity + 25% of any distribution taken.

Lori Greiner suggested that more products could be made for valentines, birthdays, and many more. So Lori’s offer is $200k for 33.3% equity. Shortly thereafter, Barbara Corcoran offered $200k for 20% equity.

Daymond John told Barbara he would like to team up for 25% equity but Barbara said no. Daymond asked Lori to team up but when Lori refused, Daymond offered the single $200k for 25% equity.

Miranda ignored Barbara, Daymond, and Kevin’s offer and countered Lori for 20% equity but Lori said 25%. Miranda countered another 22% equity but Lori remained at 25% equity. Kevin changed his offer to $200k for 15% equity. Lori countered with 24% equity but Miranda accepted Kevin’s offer of 15% equity.

The Tomte Cake Net Worth

The Tomte Cake’s net worth is estimated at $0.5 million. The Christmas decorations market is huge and many small businesses make millions of dollars in revenue in this industry. Sales increased significantly within a few months.

Is The Tomte Cake Still In Business?

Yes, The Tomte Cake is still in business as of December 2023.

The Tomte Cake business was started in 2021-22 and in just 35 days, the sales of this business reached $200,000 by selling a single product.

The headquarters of this company is in Portland, Oregon, United States and 1-10 employees are working in it

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