What Happened to Rapid Ramen Cooker After Shark Tank?
What is a Rapid Ramen Cooker?
The Rapid Ramen Cooker is one of the most basic kitchen appliances that can dramatically change your life. The Rapid Ramen Cooker was a major hit since it cut the cooking time of instant ramen to three minutes.
Rapid Brands’ Rapid Ramen Cooker is one of the country’s most popular microwave cooking devices. Every student, working parent, and ramen aficionado should have it in their kitchen.
Rapid Brands’ owner, Chris Johnson, has always been an entrepreneur. He was first inspired when, at the age of 16, he had a birthday party and charged entrance. This, although a touch cheeky, inspired him to launch Sacramento’s first adolescent dance club.
After graduation, he worked his way up to become the company’s top recruitment agent before launching his own firm at the age of 25. Currently, he serves as the Founder and CEO of The Johnson Group and Rapid Brands.
Who is the founder of the Rapid Ramen Cooker?
Chris Johnson created the Rapid Ramen Cooker in 2012. Chris Johnson, UC Davis alumni, designed the Rapid Ramen Cooker, a device that solves a problem for college students and frugal chefs everywhere.
The microwave cooker allows you to microwave a standard bag of Ramen noodles in half the time and with half the water.
He founded the company last year, claiming it is the world’s quickest and easiest way to create Ramen noodles.
Johnson actually walked into a local Walmart and persuaded the manager to let him sell the Rapid Ramen there; he sold out! Since then, internet sales have been blisteringly rapid, often exceeding four copies sold per minute.
What Happened to Rapid Ramen Cooker’s Shark Tank Pitch?
In episode 3 of Season 5 of Rapid Ramen Cooker, Chris chose to pitch his product on Shark Tank in order to boost his inventory.
Chris entered the Tank with a $300,000 offer for a 10% ownership in his firm, which was valued at $3 million.
He claimed that he had over $160,000 in sales and a large number of requests to fulfill.
Kevin feels the product is a fad, but he wants in and offers $300,000 with a $1.10 royalty each unit until his investment is paid off, then a $0.50 royalty in perpetuity.
Robert then makes an offer of $300,000 in return for 40% ownership of the firm. Chris walks into the corridor to contact a friend, and Kevin and Robert plot while he’s gone.
When Chris returns, Kevin and Robert make a $300,000 offer for 25% equity shares with a 75% royalty until their money is refunded and a 25% royalty in perpetuity.
Chris rejects the offer and states that he will accept no more than 20% shares.
Mark, who had departed early, returns with a $300,000 offer for 20% equity shares, with half of the investment treated as a loan. Chris replies with $300,000 in exchange for 15% stock, which Mark Cuban accepts. Chris eventually left the pitch with a deal.
What Happened to Rapid Ramen Cooker After Shark Tank?
Only two weeks after the show, Rapid Ramen is selling well. The next week, they were selling 25 per minute. Chris’s deal with Mark Cuban was never consummated, but Rapid Ramen is swiftly becoming accessible on store shelves. Rapid Ramen will be available shortly in CVS, Walgreens, HEB, and Relays locations around the country.
By 2014, Rapid Ramen had become widely accessible, and Rapid Brands had produced microwave cookers for macaroni and cheese, regular noodles, rice, brownies, pizza, cereal, and steamed vegetables.
In 2016, Chris formed a partnership with Nissin Foods, the creator of instant Ramen noodles and the Top Ramen brand.
Rapid Ramen developed a Top Ramen-branded cooker, which will be available in all Top Ramen locations globally. He also has licensing deals with Disney and Nickelodeon to utilize their characters on his one-of-a-kind product. Chris seemed to be on his way up!
As of December 2021, the company was still in business, with yearly revenue of $5 million and lifetime sales of more than $55 million.
Rapid Ramen Cooker’s Net Worth
During the pitch, the firm was valued at $3 million. Since then, the firm has done well in sales, with annual revenue of $5 million in 2021.
Rapid Ramen Cooker FAQs
Why this is called the Rapid Ramen Cooker?
The product’s known as the Rapid Ramen Cooker because it can cook a standard cup of ramen in a fraction of time.
What is included in the package?
Included in the package are: One Instant Pot 3 quart (6L) V3 Electric Pressure Cooker
What are the features of the product?
The product is a microwave oven that cooks instant noodles in 3 minutes.
How does it work?
It is a microwave oven that prepares ramen noodles in 3 minutes. The company claims that one can make instant ramen in three minutes, which will save they lots of time and water.
The company’s CEO, Chris Johnson, and other inventors have been working at this for over 15 years, saying that they have over $100 million invested in the firm’s business alone.
How has it been doing sales?
The company’s doing well in sales, with annual revenue of $5 million, keeping them at the top of the sales charts.
What is Rapid Ramen Cooker made of?
The material used to manufacture the product is Nylon, stainless steel and food-grade ceramics.
What happens to its products?
In order to preserve the quality of the product, all its products are treated in FDA-approved facilities.
Is Rapid Ramen Cooker use electricity?
The product is used to make ramen noodles. It uses electricity for microwave cooking.
Why should I buy this product?
This product is not just a utility; it also doubles up as a coffee/wine bottle opener, as well as a spoon rest. It’s the only cooking device that can save the time, money and water when preparing food.
Will the product work in my microwave?
The Rapid Ramen Cooker is compatible with any household microwave oven that operates at 1000 watts or above.
Is Rapid Ramen Cooker safe to use?
Yes, the product is safe to use because it has no sharp or pointy areas that can injure people or animals.
Is Rapid Ramen Cooker safe to use by kids?
It’s safe to use by children because it has no sharp or pointy areas that can injure people or animals.
Does Rapid Ramen Cooker require special dishes?
The product does not require any special containers to be used. It is compatible with any ordinary glass or ceramic container that has a diameter between 3″ and 11″.
What is Rapid Ramen Cooker return policy?
Rapid Ramen Cooker is not accepting returns, because the company is confident that all the products are in good condition, and hence they guarantee a 100% money-back guarantee.
What is Rapid Ramen Cooker refund policy?
Rapid Ramen Cooker won’t be accepting refunds until the product is returned to them and evaluated.
What is Rapid Ramen Cooker warrant?
Rapid Ramen Cooker is a lifetime warranty, but the company will be responsible for any damages.