NuMilk is a machine designed for creating plant-based milk from nutritious ingredients. For instance, almond milk can be made using just three components: almonds, purified water, and maple syrup.
Currently, NuMilk is available in two sizes: NuMilk Home and NuMilk Pro, weighing 15 lbs and 30 lbs, respectively. They have also launched the 32oz NuMilk Pouch, which allows users to make various types of milk and shakes without needing to add any dry ingredients, as these pouches come pre-packaged.
The pouches offer a range of flavors, including Almond Original, Almond Unsweetened, Oat Original, Cashew Unsweetened, Black Sesame, Chocolate Oat, Matcha Latte, Golden Milk, Moonmilk, and more.
Cleaning the machine is simple; you only need a clean cloth to wipe down the pouch chamber.
Using NuMilk is straightforward: fill a bottle with 28 ounces of water and place it in the bottom of the machine. If the machine is connected to a water line, you won’t need to fill a bottle—simply select your favorite NuMilk pouch, place it on top of the machine, and press the start button. Your fresh milk will be ready in no time!
The price of NuMilk pouches ranges from $3.20 to $4.80, while NuMilk Home and NuMilk Pro are priced at $249 and $699, respectively.
| Company Name | NuMilk |
| Founder | Joe Savino and Ari Tolwin |
| Product | plant-based milk-making machine |
| Asked For | $1 Million for 5% Equity |
| Final Deal | $1M for a 7% stake + an optional $1M loan at 3% interest for a 3% stake in advisory shares. |
| Shark | Mark Cuban |
| Episode (Shark Tank USA) | S12 E18 |
| Air Date | March 26, 2021 |
| Business Status | In Business |
| Net Worth | $10 Million *estimated |
| Website | Visit Website |
| Headquarters | New York City Metropolitan Area, US |
| Go To Amazon | Buy Now |
Another Shark Tank Pitch
Who Is The Founder Of NuMilk?
Joseph C. Savino is the Co-Founder and Inventor of NuMilk Company, alongside fellow co-founder Ari Tolwin. Joseph earned a Bachelor of Business Administration (BBA) in Finance from Pace University’s Lubin School of Business.
He has a diverse professional background, having served as the Operations Manager at 121 Inflight Catering for four years. Additionally, he co-founded Harvest Beverages Group, where he worked for five years.
Ari Tolwin is also an entrepreneur, recognized for his role as the Co-Founder and CEO of Happy Tree Maple Water, a position he held for five years.
How Was The Shark Tank Pitch Of NuMilk?
Joseph C. Savino and Ari Tolwin appeared on Shark Tank, seeking $1,000,000 for 5% equity in their business. They presented a compelling narrative about their innovative product and conducted a live demonstration of their Almond and Oat Milk, showcasing the machine’s capabilities.
The retail cost of a bottle is $2, while a refill costs $3.99. Currently, their milk-making machine is installed in select grocery stores.
During their pitch, they revealed that they have raised $12 million in funding so far, resulting in a valuation of $40 million. In 2018, they generated $40,000 in revenue from a single machine, although they spent $2 million on research and development.
In 2019, sales reached $320,000 from 10 machines, with an expenditure of $3 million. By 2020, they had a track record of $6 million, but grocery chains faced closures due to the COVID-19 pandemic, leading to sales of $400,000 that year. They currently have $3 million available in their bank account.
Barbara, Daymond, and Lori all opted out of the deal. Kevin O’Leary offered $1 million as a loan at 9.5% interest for three years in exchange for 5% equity. Mark Cuban made a different offer: $1 million for 7% equity, plus an optional $1 million loan at 3% interest for an additional 3% stake in advisory shares.
Joseph and Ari attempted to negotiate with Mark, but he refused. Ultimately, they accepted Mark’s offer, and the deal was finalized.
Numilk Shark Tank Update
NuMilk secured a deal on Shark Tank, with Mark Cuban investing $2 million in the business. The concept of an instant almond milk machine is innovative and has generated considerable interest among consumers. However, similar products have emerged in the market, and various NuMilk alternatives can be found on Amazon, including a popular option from ChefWave Milk, which is experiencing strong sales.
As of August 2022, NuMilk was not yet available on Amazon and could only be purchased through its official website. After the Shark Tank episode, the company launched two new machines: NUMILK Home and NUMILK Pro. The product has received attention from multiple media outlets, including CNBC, Veg News, and Well+Good.
NuMilk’s large milk-making machine is now available in over 65 grocery retail stores across the United States. As of 2022, it was shipping products only within the U.S., Puerto Rico, and Canada, with plans to expand into Asia in the coming years.
The product has become a trending topic, and many consumers felt a strong demand for it after its Shark Tank debut. As of August 2022, Mark Cuban has not withdrawn his support for the company, indicating that he is likely still assisting the co-founders in their growth efforts.
Additionally, the business launched a Kickstarter campaign for the NUMILK Home, successfully raising $222,353 from 888 backers. However, as of August 2022, no sales or annual report has been released.
What Is The Numilk Net Worth?
NuMilk’s net worth is estimated at $10 million. The market size for the plant-based milk industry is significant, but competition is also very high.
Given its innovative product, NuMilk has substantial growth potential in the coming years. If the business is effectively marketed, it can establish a strong presence in coffee shops and grocery stores.
Yes, Numilk is still in business as of April 2024.
