What Happened to Hungry Harvest After Shark Tank?
What is Hungry Harvest?
Hungry Harvest is a food subscription company that specializes in providing “ugly food,” which is food that is perfectly healthy to eat but may not look as appetizing as supermarket fare.
Evan Lutz, co-founder, and CEO of Hungry Harvest is a native of Baltimore who attended the University of Maryland before founding the company.
Prior to launching Hungry Harvest, Lutz worked as an Earned Income Coordinator at the Food Recovery Network, a role that provided a strong foreshadowing of his future establishment of Hungry Harvest. He still serves as the CEO of Hungry Harvest.
Even if the product is extremely small or wrinkled, it is still tasty and nutritious. It provides nutritious food to people all over the East Coast. Hungry Harvest, a subscription-based service, allows consumers to completely personalize their subscription boxes.
Who is the inventor of Hungry Harvest?
Evan Lutz, the CEO, and co-founder of Hungry Harvest was a University of Maryland business major with a strong interest in entrepreneurship and a goal to launch his own company after graduation.
The Baltimore native wished to run his company in an innovative way, one that would aid those in need, reduce waste, and earn cash by selling a product that no one had previously requested.
He’d been greatly concerned by the poverty, famine, and unfairness he saw on the mean streets of his city on a daily basis, but that was merely a spark that fueled his fire.
Evan noticed that food waste is a huge issue all across the world, with the United States alone wasting 6 billion pounds of food each year, enough to fill four NFL stadiums to capacity.
Lutz buys this food and sells it to customers, who often save 10% to 20% on otherwise appealing veggies. In addition, for every bag of produce delivered to paying customers, Hungry Harvest donates 1.2 pounds to food banks in the Washington, D.C., and Baltimore areas, as well as free farmers’ markets.
What Happened to Hungry Harvest’s Pitch on Shark Tank?
Evan Lutz asked Shark Tank investors for help with global expansion. Evan entered the Shark Tank seeking $50,000 and a 5% ownership of his company worth $1 million.
He tells the story of the sparkling apples and wonders how they all grew so wonderfully. The truth is that only the most appealing apples make it to stores; the less appealing fruit ends up in the garbage.
Evan obtains surplus, undesirable commodities from local farmers. He also serves meals to low-income families. This is a win-win situation.
He gives out samples of unappealing carrots and outlines the three sizes that are available. Hungry Harvest cuisine is just as fresh as its more visually appealing counterparts. He also claims to have sustained a net loss of $20,000.
Sales were $37,000 in the first six months and $100,000 in the final four months with 500 active users. His company saves customers time and money, and he donates 5000 pounds of veggies to underserved regions each month.
Barbara places greed ahead of charity. She speaks about Grace and Lace’s ambitions to create five orphanages as a result of their financial success. Kevin sees similarities between Hungry Harvest and Plated.
Robert offers $100,000 in return for 10% ownership of the company, claiming that he can help him operate, expand, and strengthen the company. When Evan inquires about other choices, Mark becomes agitated.
Kevin claims that there is logistical overlap with Plated. Robert intervenes when Kevin makes an offer and urges Evans to take it or argue with Kevin and Lori. Evan accepts Robert’s offer of $100,000 in return for 10% equity shares right away, and the two close the deal.
What Happened to Hungry Harvest Following the Shark Tank?
Following Evans’s enthusiasm throughout the pitch, the Hungry Harvest concluded the purchase with Robert. Following the original show date, daily online views grew from 150 to over 3,000.
In March 2020, the firm received a $7.25 million venture capital investment. Evan plans to use the funds to enhance his marketing efforts, hire more employees, and improve supply chain operations.
Currently, the corporation serves Maryland, Washington, DC, Virginia, Greater Philadelphia, Southern New Jersey, Northern Delaware, South Florida, the Triangle Area of North Carolina, Charlotte, and the Detroit Metropolitan Area, as well as the Detroit Metropolitan Area.
They want to enter new markets by 2021. In August 2021, the company’s annual sales were $4 million.
Hungry Harvest’s competitors
The Produce Box, Field Goods, Dazzlepro, VegiWorks, Thoroughbred Racing Association, Qanta, Nature Camp, and Phoenix Group International are the Hungry Harvest’s main rivals.
Hungry Harvest’s net worth
During the pitch, the business’s net worth was $1 million after Robert invested the company worth $500,000. The company’s valuation is expected to rise in 2021 as a result of sales made after the Shark Tank broadcast.
Hungry Harvest FAQs
What if I find a less appealing item in my box?
There are simply too many customers to turn away less desirable produce. The company will work to improve the product for any dissatisfied customer and donate that food to The Hunger Action Network of Michigan.
How does Hungry Harvest know what items won’t sell?
Evan explains that he has found that certain items never exceed $0.20 per pound, whereas others sell at $1 per pound or more.
Will Hungry Harvest sell products that I have picked myself?
Evan states that they do not sell anything past its expiration date. They do, however, donate unsold food to local food banks and food pantries.
Will Hungry Harvest ever start selling berries and berries in season?
They will not begin sales of this variety until the health benefits of berries are researched and understood fully by all audiences. The company does keep strawberries on hand for individual clients when requested.
What if I don’t wish to provide my personal information?
Hungry Harvest will send users a small box of produce with no personal information.
How can I drop off produce for donation at my local church or food bank?
Hungry Harvest will happily accept donations. The company asks that donors leave a little note so that they can thank the donors personally.
What if I want to cancel my account?
Hungry Harvest will gladly stop sending boxes if the customer wishes to cancel their subscription.
How does Hungry Harvest pick what goes in each box?
Evan picks the items for each box based on a variety of factors including color and freshness.
What other products is Hungry Harvest planning to produce?
Evan is experimenting with different dried fruits and pickled vegetables. He also wants to introduce a new blend of juices.
How safe is it to eat the fruits and vegetables that Hungry Harvest sends?
Their products are always fresh. However, no company in the food industry can promise that all products will be safe for consumption. If a customer gets sick from eating Hungry Harvest’s products, please contact the doctor immediately and let them do their job.
I’m allergic to one of the ingredients or fruits. Does Hungry Harvest send any substitutes?
They do not include any ingredients that may cause allergic reactions. However, he will gladly substitute items within a week of being notified of an allergy.
Can I add items to my box?
Hungry Harvest offers the option to add some items to your box. They will not send any additional items in your produce box, but you can add extra items. They will try their best to accommodate requests for small quantities of certain types of produce.
Why do you pack the produce in plastic, with ice?
They are using plastic packaging and dry ice helps keep the produce fresh for longer periods of time during shipment and delivery.