Nowhere Bakery is a food and beverage company specializing in desserts made with healthy ingredients, ensuring both taste and nutrition. Their desserts are free from dairy, gluten, grains, refined sugar, soy, corn, eggs, and seed oils.
Their product lineup includes Chocolate Chip Cookies, Candy Bar Cookies, Brownies, and Sugar Cookie Baking Mix, with prices ranging from $16 to $36. Currently, their products are sold in over 70 independent retail stores nationwide.
| Company Name | Nowhere Bakery | |
| Founder | Maurizio Rasti and Saphira Rasti | |
| Founded | 2020 | |
| Product | Healthy desserts | |
| Asked For | $200k for 5% equity | |
| Final Deal | $100k cash + $100k as a line of credit for a 12.5% equity | |
| Shark |  Barbara Corcoran | |
| Episode (Shark Tank USA) | S15 E18 | |
| Air Date | March 15th, 2024 | |
| Business Status | In Business | |
| Website | Visit Website | |
| Headquarters | Orange County, California, USA | |
| Lifetime Worth (Sales) | $2.3M *estimated | |
| Buy and Watch | Buy Now | Amazon Prime |
Another Shark Tank Pitch
Who Is The Founder Of Nowhere Bakery?
Saphira Rasti is the co-founder of Nowhere Bakery and a professional health coach. Her co-founder, Maurizio Rasti, is a marketer who studied Business, Management, and Marketing at The Ohio State University.
How Was The Shark Tank Pitch Of Nowhere Bakery?
When Maurizio and Saphira Rasti entered Shark Tank, they asked for $200,000 in exchange for 5% equity. Their sales were $92,000 in 2020, $524,000 in 2021, and $770,000 in 2022, with a projected $1 million in sales for 2023. However, their profit in 2022 was only $32,000, which was relatively low.
Kevin O’Leary offered $200,000 for 20% equity and proposed hiring a co-packer who would receive 10% equity on Kevin’s behalf. Mark Cuban passed on the deal, citing concerns about the high calorie content of the products.
Barbara Corcoran offered $100,000 in cash and $100,000 as a line of credit for 15% equity. Lori Greiner also declined to invest due to the calorie content. Jason teamed up with Kevin.
Maurizio countered Barbara’s offer with $400,000 for 15% equity. Saphira then proposed another counter: $100,000 in cash and $100,000 as a line of credit for 12.5% equity, which Barbara accepted.
Sharks Offers list!
| Sharks | Offers |
|---|---|
 Jason Blum | $200k for 20% equity (Kevin) |
 Kevin O’Leary | $200k for 20% equity (Jason) |
 Mark Cuban | No Offer |
| Barbara Corcoran | $100k cash + $100k as a line of credit for a 15% equity (#1) |
 Lori Greiner | No Offer |
| Founder’s (Countered) | $400k for 15% equity (Barbara) $100k cash + $100k as a line of credit for a 12.5% equity |
| Final Deals | $100k cash + $100k as a line of credit for a 12.5% equity |
Nowhere Bakery Shark Tank Update
Nowhere Bakery secured a deal on Shark Tank, with Barbara Corcoran investing $200,000 for 12.5% equity. Following the episode, people shared various opinions on Reddit regarding the calorie content of the cookies.
During their pitch, both Maurizio and Saphira effectively communicated their business vision to the sharks. Their goal is to make their desserts available in big-box stores nationwide.
What Is Nowhere Bakery’s Net Worth?
Nowhere Bakery has an estimated net worth of $0.3 million. Many startups come to Shark Tank for investment and exposure, knowing that even without securing funding, they can attract potential investors and raise awareness about their products.
Annual Revenue by Years
Note: This report is based on our research and data so far. In this, we are only estimating the annual revenue.
| Years | Annual Revenue |
| 2024 | *estimated |
| 2023 | $1M *estimated |
| 2022 | $770k *estimated |
| 2021 | $524k *estimated |
| 2020 | $92k *estimated |
Funding Reports to Date!
| Years | Funding Amount | Investor |
| 2023 | $200k | Barbara Corcoran |
The business is located in Orange County, California, and currently employs two people.
Yes, Nowhere Bakery is still in business as of March 2024.
