Millet Tots Shark Tank Update

Millet Tots Shark Tank Update: How Millet Tots Transformed the Snack Market

As the demand for healthy and nutritious snacks continues to rise, entrepreneurs are constantly looking for new ways to cater to this growing market. You may have heard of Rollin Greens, the millet-based snack company that appeared in Season 11 of the renowned television show Shark Tank. 

In Shark Tank’s Episode 24, Ryan and Lindsey Cunningham of Rollin Greens sought a $500,000 investment for a 10% equity stake. While Lori Greiner and Daniel Lubetzky hesitated due to the company’s 35% profit margins, Robert Herjavec boldly recognized the potential. He offered $500,000 for a 20% equity share.

In this article, we will provide information on the latest developments surrounding Millet Tots, specifically the Millet Tots Shark Tank Update. We will also explore the successes and challenges the company has faced after Shark Tank.

Inside Rollin Greens: Rollin Greens’ Shark Tank Company Profile

Rollin Greens' Shark Tank Company

Are you looking for Rollin Greens’ update? Check out this table of the company’s profile, complete with details on their appearance on Shark Tank and their unique plant-based products. 

AttributeDescription
Company NameRollin Greens
FoundersLindsey Cunningham and Ryan Cunningham
Year Founded2015
CategoryFood and Beverage
HeadquartersBoulder, Colorado, USA
Retail PartnersWhole Foods Market
Safeway
Sprouts Farmers Market
ProductPlant-based, organic, and gluten-free Millet Tots and veggie burgers
Valuation$5 million
Shark Tank Episode Season 11, Episode 24
Shark InvestorRobert Herjavec
Date of AiringMay 15, 2020
PitchSeeking investment to expand production and distribution of plant-based frozen foods
Investment Millet Tots Asked for$500,000 for a 10% equity
Actual Deal$500,000 for a 20% equity share
Sales Before Shark Tank$700,000
Sales After Shark Tank$2.1 million
Website Visit Website
Unique Selling PointUse of millet as a main ingredient, which is less conventional than other grain options and has numerous health benefits
ChallengesLow sales and revenue
Products aren’t always available in stores or online
Less popular compared to more well-known plant-based food brands
SuccessesWon QVC’s 2021 Best Plant-Based Food award
Launch of new goods like vegetarian burgers, meat replacement pouches and cauliflower wings
Getting recognition by participating in Shark Tank
Revenue generated$4-$5 million per year
Social Media Instagram
Net worth (2023)$5 million (estimated)
Business StatusIn Business
Watch onPrime video
Buy Now onAmazon

Rollin Greens: Their Story Before Shark Tank

Ryan’s parents had opened an organic food truck in Boulder, Colorado in 1980, but it had to close down the same year. In 2011, Ryan and his wife relaunched the business, serving gourmet plant-based snacks made from organic, locally sourced ingredients.

The inspiration behind the business was Ryan’s father’s heart attack, which led the family to adopt healthier plant-based diets. As Rollin Greens’ clientele increased, Ryan, also known as Chef Ko, decided to grow the company in 2015. 

He introduced a line of frozen plant-based snacks in 2015, including their well-known cauliflower wings, crispy chickpeas, and Millet Tots. They offered three flavors of packaged Millet Tots: 

  • Onion and sea salt
  • Basil and garlic
  • Sweet potato and poblano chili.

They also partnered with Sage V Foods in 2016 to distribute their products to different locations within the USA. Although the company was earning $700,000 in sales by 2020, it only had a 35% profit margin, and Rollin Greens needed to raise funds to keep expanding. 

In May 2020, the couple appeared on the popular show Shark Tank to achieve this goal.

You can watch this YouTube video to learn more about Rollin Greens.

What Happened In The Rollin Greens Shark Tank Episode?

In May 2020, Rollin Greens made an appearance on the hit program Shark Tank to raise money for their growth.

They promoted their range of frozen plant-based snacks on the program, which included Millet Tots and cauliflower wings. And won the judges over with their commitment to delivering wholesome, palatable, and plant-based substitutes for comfort foods. 

What Happened In The Rollin Greens Shark Tank Episode

During their appearance on Shark Tank, Lindsey and Ryan pitched their idea of selling their packaged food products. They asked for a $500,000 investment in exchange for 10% equity. However, the Sharks were hesitant about the sustainability of their business model.

While Daniel Lubetzky was initially interested in Rollin Greens, he did not extend an offer. Later, Lori Greiner expressed interest in partnering with Daniel Lubetzky but was put off by his doubts about the company’s growth potential.

Ultimately, Robert Herjavec was intrigued by Rollin Greens’ presentation and the taste of their food. He made an offer of $500,000 for a 20% equity stake. Ryan and Lindsey Cunningham accepted his offer.

What Happened To Rollin Greens After Shark Tank?

Ever since their remarkable appearance on the popular show Shark Tank, Rollin Greens has experienced tremendous growth and success. Today, their diverse range of products can be found on the shelves of some of the most prominent retailers such as:

  • Walmart
  • Wegman’s
  • Big Y
  • Target
  • Kroger

The company’s innovative and delicious crispy cauliflower wings have seen triple-digit growth since their launch in 2019. They have also received recognition as the “best plant-based food” at QVC’s 2021 awards.

Millet Tots

The wings are available in three mouthwatering flavors: 

  • Teriyaki
  •  Spicy
  •  Sweet Mustard

Moreover, renowned celebrity chef David Burke praised Rollin Greens for their Millet Tot croutons, which he declared as an excellent gluten-free alternative.

Recently, Rollin Greens has shifted its focus to meat substitutes. As part of their product lineup, they offer pouches that appear similar to ground meat, accompanied by seasonings inspired by tacos, chorizo, or a classic salt and pepper blend.

These pouches provide a versatile and flavorful option for those seeking meat alternatives.

Rollin Greens (Millet Tots) Net Worth

Rollin Greens today has established a strong market presence, generating an impressive annual revenue ranging from $4 to $5 million. In addition, they unveiled the Plant-Based Ground Taco ME’EAT product line. 

In addition, the net worth of Rollin Greens, the company behind the millet tots, is reported to be around $5 million. Their products are now available in over 4,000 national and conventional stores across the United States. 

Rollin Greens (Millet Tots) Sales Data

Rollin Greens (Millet Tots)

Are you curious to know Rollin Greens’ sales figures? See the table below to learn more about Rollin Greens’  sales data.

Year Sales Revenue
2019-2020$320,000
2020-2021$700,000
2021-2022$4.2 million
2022-2023$5 million (estimated)
If you’re interested in more Shark Tank updates, be sure to check out our articles on Grind and Wanna Date. Our Grind Shark Tank update features the innovative coffee grinder company that impressed the investors with their unique product. Additionally, our Wanna Date Shark Tank update showcases the delicious and healthy alternative to sugary date spreads. Discover the stories behind these entrepreneurs and their experiences on Shark Tank.

FAQs

Q: Was Rollin Greens on Shark Tank?

Yes, Rollin Greens appeared on Shark Tank in Season 11 episode 24, which aired on May 15, 2020.

Q: Is Rollin Greens a profitable enterprise?

According to an update on Shark Tank Blog, Rollin Greens is making up to $5 million per year, as of the 2023 update.

Q: Is Rollin Greens Company a vegan or a vegetarian company?

Yes, Rollin Greens Company is vegan, meaning that no animal products are used in any of its products.

Q: Is Rollin Greens Company environmentally conscious or sustainable?

Yes, Rollin Greens Company is environmentally conscious and sustainable. The company uses responsible sourcing practices and eco-friendly packaging, among other initiatives.

Q: Are Rollin Greens Company products gluten-free?

Yes, all Rollin Greens Company products are gluten-free, making them suitable for people with celiac disease or gluten sensitivities.

Final Words

In conclusion, Rollin Greens and its popular product, Millet Tots, have become favorites among health-conscious consumers nationwide!

The Rollin Greens (Millet Tots) Shark Tank update showcases their ability to adapt in the cutthroat industry and forge tactical alliances. They have also expanded their reach to a wider audience.

Their appearance on Shark Tank was just the beginning of their success. In the last four years, they have expanded their distribution and gained a devoted following on social media.

They continue to innovate with new, delicious product variations for different dietary needs.

From veggie burgers to meatballs, Rollin Greens offers an excellent range of plant-based snacks that are healthy, organic, and satisfying.

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