What Happened To Tia Lupita Foods After Shark Tank?
Tia Lupita After Shark Tank Update: Tia Lupita Foods is a brand that makes Healthy Mexican Foods. This brand makes different types of healthy Mexican foods using natural ingredients and also sells them. There are many people who like Mexican foods because these foods are tasty and also have spices.
Saldivar was born in Monterrey, Mexico, and moved to the United States in 2005 for a job. He lived in the United States for many years and worked with several food and beverage brands, including Diamond Foods, Nestle, Klass Time and more.
Saldivar’s mother used to send him hot sauce made from a home recipe. When he shared this hot sauce of his mother with his friend, they liked its taste a lot and it is also healthy. After this Tia Lupita Foods was born.
What Is Tia Lupita Foods?
Tia Lupita is a food and beverage company that focuses on healthy Mexican foods such as hot sauce, tortilla chips and more.
Hot sauce is the best selling product of this brand, it has toasted spice with red chili peppers and a little vinegar zing is also added.
Tortilla chips are available in different flavors and these chips contain high fiber. The brand’s products are available at 5,000+ retail stores nationwide including Whole Foods, Walmart and many more. Apart from this, you will also get it on Amazon.
Who Is The Founder Of Tia Lupita Foods?
Hector Saldivar is the founder of the tia lupita Foods business. He founded this company in the 2016. He is working full time for the business.
Tia Lupita Foods Shark Tank Update
| Company Name | Tia Lupita Foods | |
| Founder | Hector Saldivar | |
| Founded | 2016 | |
| Product | Mexican inspired food made with natural ingredients | |
| Asked For | $500k for 5% equity | |
| Final Deal | $500k as a line of credit at 12.5% interest rate for 5% equity non diluted | |
| Shark | Kevin O’leary | |
| Episode (Shark Tank USA) | S14 E20 | |
| Air Date | April 14, 2023 | |
| Business Status | In Business | |
| Tia Lupita Foods Net Worth | $10M *estimated | |
| Headquarters | Tiburon, California, United States | |
| Tia Lupita Foods Instagram | View Profile | |
| GO TO AMAZON | Buy Now | |
Also Read This: What Happened To Pizza Pack After Shark Tank?
Tia Lupita Foods On Shark Tank Pitch
Saldivar entered Shark Tank and asked the sharks for $500k for 5% equity. He very nicely explained to Shark about the beneficial properties of the product. The founder has revealed that their brand products are available at Sprouts, Wegmans, Walmart, Target, Publix and More.
All the sharks are out but Kevin O’Leary is interested in this business. Kevin decides to offer a debt of $500k at 12.5% loan (36 Month period) for 10% equity.
Saldivar counters Kevin with a $500k line of credit at 12.5% interest for 7.5% equity. Kevin refused this counter offer.
Saldivar countered with another $500k as a line of credit at 12.5% interest rate for 5% equity, that 5% would not be diluted. Kevin O’Leary accepted the offer.
Tia Lupita Foods Net Worth
The current worth of Tia Lupita Foods is estimated at $10 million. Since 2016, this company has been running officially. Founder Saldivar has invested $700k of his savings in this business.
There are many country people who like to eat Mexican Foods, United States is one of them. There are many Mexican restaurants in the United States and the number of restaurants is increasing by 2.4% from 2018-23.
Is Tia Lupita Foods Still In Business?
Yes, Tia Lupita Foods is still in business as of May 2023.
The brand has been featured in several media publications including Entrepreneur, Food Business News and many more.
The brand is headquartered in Tiburon, California, United States and employs 2-10 people, according to LinkedIn.
FAQs
Hector Saldivar is the founder of the tia lupita Foods business.
The current worth of Tia Lupita Foods is estimated at $10 million.
Yes, Tia Lupita Foods is still in business as of May 2023.
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