What Happened to Mango Mango After the Shark Tank Pitch?
What is Mango Mango?
Mango Mango is a versatile mango preserves that works well with virtually everything. It may be spread on toast, mixed into dips, combined with salad dressings, mixed into cocktails, or even used as a marinade or cooking sauce.
Mango Mango’s main components are mango fruit, pure cane sugar, vanilla essence, and fresh lime juice.
This does not include “additional” or “thickening” components such corn syrup, pectin, gelatin, or carrageenan.
Three friends and event planners came together to establish a mango preserves product.
Who are the Founders of Mango Mango?
Mango Mango is the brainchild of Lakesha Brown-Renfro, Nzinga Teule-Hekima, and Tanecia Willis.
They founded Mango Mango while running Simply Panache, a party planning company.
They incorporate the preserves into a variety of cuisines for the many events they organize and host.
Mango Mango preserves were so popular with customers that they decided to increase manufacturing and distribution.
They currently sell their products online, at farmers markets, and in more than a dozen Whole Foods Markets and gourmet food stores around Virginia.
What Happened to Mango Mango at the Shark Tank Pitch?
Nzinga Teule-Hekima, Lakesha Brown-Renfro, and Tanecia Willis pitched their “Mango Mango Preserves” for a $75,000 investment in return for a 20% stake in their company on Shark Tank. This equates to a $375,000 valuation.
After singing their song, “spread it, mix it, shake it, stir it,” they enticed the Sharks with a variety of Mango Mango-based delicacies, including shrimp and Mango Mango sorbet.
They have raised $138,000 in the previous year and are looking for money to build production facilities.
Because they want total control over their goods, they are insistent about avoiding utilizing a co-packer.
Mr. Wonderful reveals that he formerly owned a jelly company (who would have thought) and was disappointed with the margins; he now considers it a hobby and has left.
The ladies claim to be hard at work, selling at eight farmer’s markets each week.
Robert kept piling more Mango products onto his plate – he likes the stuff! The women indicated that they could make money in other ways but preferred to party with the Sharks.
Due to his lack of understanding, Mark was unable to navigate the space.
Lori noted that, while she dislikes Mango, she liked everything she ate and feels they should use their revenues to fund themselves. She states that the Sharks are unnecessary and goes.
Daymond, who can’t believe Mr. Wonderful was ever in the jelly business, followed Kevin’s lead and is now out as well.
Robert is concerned that he will spend all of his money; he is concerned that he will make terrible decisions. Robert is also not present.
Lori expresses satisfaction that the ladies did not get investment, noting that she wants the firm to keep the equity that would have been necessary if the company had been sold to a Shark.
What Happened to Mango Mango After the Shark Tank Pitch?
Following their participation in the show, they received orders for over 15,000 jars. Whole Foods Market and Stop & Shop are selling out of the preserves.
Mango Mango Preserves are also available on QVC, but the women did not stop there.
In the spring of 2014, they opened the Mango Mangeaux Cafe in Hampton’s Phoebus neighbourhood.
As of August 2021, the firm was still in operation, with annual revenues of $3 million.
What is the Net Worth of Mango Mango?
The proprietors went on Shark Tank in search of a $75,000 investment in exchange for a 20% stake in their company. This equates to a $375,000 valuation.
Who are the Competitors of Mango Mango?
There are no rivals for Mango Mango.
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Mango Mango FAQS
What exactly is Mango Mango?
Mango Mango is a versatile mango preserves that works well with virtually everything.
It may be spread on toast, mixed into dips, combined with salad dressings, mixed into cocktails, or even used as a marinade or cooking sauce.
Who are the Mango Mango founders?
Tanecia Willis, Lakesha Brown-Renfro, and Nzinga Teule-Hekima.
How much were they asking in the Shark Tank?
Mango Mango’s creators were looking for a $75,000 investment in exchange for a 20% stake.
Did they land the deal on Shark Tank?
No, the Shark Tank did not offer a contract to the founders of Mango Mango.
Is Mango Mango still in business?
Yes, Mango Mango is still in business, with $3 million in annual sales as of August 2021.
Are their preserves sweet?
Yes! Mango Mango is a delicious mixture of mango, sugar, vanilla extract, and lime juice.
While their preserves are sweet, similar to other jams or jellies, they were designed to be used as an ingredient, akin to a special sauce, without the corn syrup or other unpronounceable ingredients present in other items.
What is the significance of Mango?
Mangoes are a multipurpose fruit, and their preparation has been simplified. Their mango preserves may be utilized in a number of ways, including sweet, savoury, and spicy dishes; in fact, there are over 100.
Please spread the word! Combine it on toast or bread! Shake it up! To make a delightful fruit dip, combine cream cheese and fruit.
To make a Mangolicious salad vinaigrette, combine red wine vinegar and olive oil; stir well! Mango Ginger Shrimp is a delightful combination of mango, ginger, and spices.
Where do they obtain their mangoes?
Mangoes are a tropical fruit that they import from places like Florida and Peru.
What distinguishes Mango Preserves from other mango-flavoured jams and jellies? What exactly are the ingredients?
The mango fruit is the primary and most important ingredient in ‘Mango Mango’ Mango Preserves.
As a result, each jar contains far more fruit than comparable commodities.
Other mango jams and jellies contain crucial ingredients such passion fruit, orange juice, or sugar/high fructose corn syrup.
What’s the difference between jelly, jam, chutney, and preserves?
Jelly is made from fruit juice.
Pureed fruit is used to make jam.
Chutney is a condiment prepared from fruit puree and additional ingredients like vinegar and spices.
Preserves are made from real fruit and have a similar consistency to the others, but they contain a higher amount of fruit fragments.
What is the shelf life of ‘Mango Mango’?
Their preserves have a shelf life of 15-18 months unopened, which is equivalent to that of other preserves, jams, and jellies.
The preserves can be kept for up to a year if properly chilled after opening.
Is it necessary to refrigerate ‘Mango Mango’ Mango Preserves?
Yes, ‘Mango Mango’ Mango Preserves should be chilled after opening…if they last that long.
Why is ‘Mango Mango’ more expensive than other jams, jellies, or preserves?
Mangoes are a tropical fruit that is pricier than other fruits by definition. The mango fruit is the main ingredient in this dish.
After they place their order of ‘Mango Mango’, how long will it be until they receive it?
Orders are typically processed within 7 to 10 business days. Please allow extra processing time if an item is out of stock.
Is their ‘Mango Mango’ perishable?
Because of the high acidity of their mango preserves, spoiling is practically impossible if the jar is not opened or the lid is not compromised.
Each jar of mango preserves has been heat sealed in an FDA-approved technique, ensuring that they will be shelf stable unopened for at least 15-18 months under jam/jelly standards.
What is the company’s refund policy?
Their Mango Mango orders are non-refundable and non-cancellable. Shipping costs are non-refundable.
They do not have the same leeway in terms of taste and return policies as other larger retailers because they are a small, fledgling firm.
What if they want to cancel their order or switch a product after they have placed it?
All orders are final and cannot be cancelled or amended once submitted.
Orders are sent straight to their fulfilment centre, ensuring that they are processed and shipped to clients as soon as feasible.
As a result, they are unable to cancel or make changes.