Banana Loca is a gadget, through which things like peanut butter, Jams, etc. can be put inside without breaking the banana. Banana Loca Pennsylvania Base a Company After Appearing in Shark Tank Season 13 Episode 9, Founder Renee, Bechara asked for $250,000 in exchange for 25% equity of the company.
The founder of Banana Loca gave a very good presentation on Shark Tank. This King of Prussia, Pennsylvania base company is registered under the name NA Market Direct LLC.
Banana Loca’s presentation was very good, he brought the person in a Banana Costume in Shark Tank which was quite funny.
Founder Renee and Bechara are very good friends, both of them have a very good interest in inventing gadgets. Both of them invent different types of gadgets. One day, keeping Bananas in his eyes, he thought that it would be good to eat Banana slices with peanut butter.
The Bechara remembered some such moments of his childhood when his mind used to allow him to fold Banana with bread. Keeping this in mind, he thought that a gadget should be made in which Nutella could be injected well in making.
He and his friend Renee put their mind to a gadget called Banana Loca, Through this, it will be easy to convert bananas into healthy, delicious snacks and desserts.
What Is Banana Loca?
Banana Loca Company which is based in King of Prussia, Pennsylvania gave presentations on Shark Tank with the theme music of their business.
This Gadget makes it easy when you can eat peanuts butter etc inside a Banana without breaking the same Banana.
How can you put peanut butter etc inside the Banana without breaking it, then Banana Loca solves this problem? First, you have to take a fresh banana and cut off its bottom layer, there will be a pipe-like tool inside it, the pulses have to spin to make it after that take it out.
In Banana Loca, you have to inject your favorite “Peanuts Butter, Jam, etc.” inside the holed Banana. This Banana is ready to eat, now you can test it. It is very good for children, it has a very good effect on health.
|Company Name||Banana Loca|
|Founder||Renee Heath and Bechara Jaouden|
|Product||Banana coring and filling tool|
|Asked For||$250k for 25% Equity|
|Final Deal||$250k for 25% Equity + $3 royalty until $250,000 is repaid|
|Shark||Kevin O’Leary and Mark Cuban|
|Episode (Shark Tank USA)||S13 E9|
|Air Date||Dec 17, 2021|
|Business Status||In Business|
|Headquarters||Pennsylvania, United States|
|Lifetime Worth (Sales)||$1.6M *estimated|
|Go To Amazon||Buy Now|
|Watch On||Amazon Prime|
Another Shark Tank Pitch
Who Is The Founder Of Banana Loca?
Renee Heath and the Bechara Jaouden are partners, apart from this company, they are very good friends, they started this company. Renee Heath, a North American sales pitch coach, has a very good knowledge of the manufacturing and sales of Accenture.
Before making this product, he also made its design and its 3D model so that the prototype of this product can be designed. Finally making it the perfect model, Bechara and Renee gave it to many children and parents to test it so that their feedback could be taken. After many tests, finally, this product was successful.
Renee Heath comes from a business and food products background, she has very good knowledge of this industry.
She studied International Journalism at the University of Leeds, UK, Social Media Marketing at Rutgers, and Mastering Design Thinking at MIT(Massachusetts Institute of Technology).
After her studies and during her studies, she worked in many companies. She was the Manager of Sales, Marketing & Marketing for 1 year at Mercury Group UK.
She was also Digital Marketing & Sales Manager for 1 year in Redfish Group. She was the Digital & Social Media Manager for 2 years at United States Base Appagete.
For more than 3 years she worked as Head of Digital at B&G Foods. Renee says that she has launched more than 50 food products digitally.
Bechara Jaouden, who is a computer science student, has studied at Northampton Community College. After that, he completed his studies in Business Management & Entrepreneurship at Temple University.
he is the Co-Founder of Philly Marketing Labs, their team does digital marketing work for their clients.
He founded Bagal Spice, after which he became a “master psychologist”. He created the Savory Conditions Design for Baglas.
Banana Loca Before Shark Tank
The founder of Banana Loca run a Kickstarter campaign to raise funding, in which he raised $13,958 in May 2020. This is a unique product and most of its sales are done online. So this product generated sales of $134,000 in just 5 months.
He associated with different influencers for his marketing and this was generating sales for him. This is a D2C business, it is made in China and its landing cost in the United States is $6.
The sales cost of this product was $26.99 when it Appeared at Shark Tank Show on December 17, 2021, and its cost has gone up to $28.99 in May 2022.
The founder took this business forward to grow. So he invested his money of $224,000 in it. The founder had invested a huge amount to grow his business, and his product of the script is unique and problem-solving.
Did Banana Loca Get a Deal on Shark Tank?
Banana Loca’s founder Renee & Bechara with a great presentation on Shark Tank asked the sharks for $250,000 in exchange for 25% equity.
Kevin O’Leary: First of all, Kevin showed his interest to invest in this company. He says it is a royalty deal and he is ready to invest in it but They want $250K for $3 per unit.
Daymond John: Diamond says that she likes this product but believes that it is a one-time purchase and a one-time use product. Due to this reason, he is out of this business deal.
✋Out of Deals✋
Lori Greiner: Shark Lori said that this business is early for him, due to which she will not be able to invest in this business right now.
✋Out of Deals✋
Robert Herjavec: Robert liked this product very much and is ready to invest in this company. they wished that they want $250K for $3 until $350K + 10% equity.
😥They Didn’t Get the Deal😥
Mark Cuban & Kevin O’Leary: Mark made one of his offers with Kevin, his offer was $250K for 25% + $3 royalty until $250K is repaid.
Entrepreneur: The founder made his counteroffer to Mark and Kevin, their offer was $250K for 25% + $2 royalty until $250K is repaid.
Mark and Kevin did not agree to this counteroffer Finally deal finalized $250,000 for 25% + $3 royalty until $250,000 is repaid.
What Happened To Banana Loca After The Shark Tank?
Banana Loca Company will get funding from Shark Tank, after that the founders will use this funding for the growth of their business. The founder has a very good idea about how to grow their business and is clear about their feature plan.
The founder “Bechara” said that the marketing of their business which they has now is not good, due to which they is not getting the sales they wants.
So they will invest this $250,000 funding for paid marketing. After that, they will sell their product in the retail store. This product was available online only, its retail store is not available yet.
After Shark Tank, many people ordered this unique product and most people are taking this product as an entertainment. Because this product itself is a convenience that changes the taste of the user to eat Banana.
Banana Loca Shark Tank Update
This company was invested by Kevin O’Leary and Mark Cuban on Shark Tank. In October 2022 we have not received any evidence of this deal being closed.
Till October 2022, we have not come to know about any improvement of this company and they have not even launched a new product on their website. As of December 2022, there is no evidence that Kevin and Mark have closed the deal.
We’re following Renee Heath and Bechara Jaouden along with their company for further updates.
Where Can You Buy Banana Loca?
If you are interested to buy this Banana Loca product, then for your information, let me tell you This product is available on Amazon and their official website.
During the company’s inception, this product was being sold online, although it is now available in both online and official markets.
This Banana Loca has got very good reviews on Amazon The current price of this product is $28.99. You can buy this product through the Amazon link given below.
What Is Banana Loca Net Worth?
After Banana Loca was funded in Shark Tank, it worth estimate $0.5 Million. After this funding, they generate very good sales through paid marketing.
At the beginning of the company, when he used to bring sales only through the online market and social media influencers, now he is moving ahead. The way its sales are increasing, in the same way, its growth is also increasing slowly.
Is Banana Loca Still In Business?
Banana Loca is running very well. If this company has to survive in this feature, then more products will have to be made. Through only one simple product, it will not be able to survive further, for this the company will have to make a sub-product around its product.
All the products of Banana Loca were made in China before this Covid19 pandemic because the cost of making products in China is very less.
At present, this product is being made in the United States. It is providing the facility of free shipping for its people in the United States.
Bechara and Renee are sponsoring a Banana-themed event for Boston’s Franklin Park Zoo, It has donated 1,000 pounds worth of bananas every year to the Gorilla Family and Banana Eating Animals.
Yes, Banana Loca is still in business as of December 2022.
frequently asked questions
Who owns Banana Loca?
Renee Heath and Bechara Jaouden are the owners of Banana Loca Business.
Is Banana Loca successful?
Banana Loka was successful before coming to Shark Tank and was generating profits.
Did Banana Loca get a Shark Tank deal?
Banana Loca got a deal in Shark Tank, Kevin and Mark invested in this company.