Chefee Shark Tank Update (Season 15)

Chefee is a robotic company founded by Assaf Pashut. This company has created an automatic robotic kitchen that cooks automatically. Founder Assaf appeared on Shark Tank Season 15 Episode 17 and asked the Sharks for $500k for 4% equity at a $12.5 Million Valuation.

Assaf was in San Francisco in 2006 and started a company named The Flying Falafel LLC, but his dream was to open an automated restaurant. In 2020, he, along with his friend Noam Wolfson, opened a robotic restaurant named 7D Robotics.

After a few months, he realized that it was quite dangerous and also slow. In January 2021, he started working on Chefee Robotics Kitchen and hired Bangladesh Engineer Iqbalsamin Prithul and lead engineer Roberto Serrano.

Assaf himself also learned coding and design in this project. This project took approximately $300,000-$400,000 to complete. In April 2022, he raised $350k in a pre-seed round.

What Is Chefee?

Chefee Robotics is the world’s first embedded robotic chef, also known as a robotic kitchen. It won’t just cook food automatically, it will also automatically order from Amazon Fresh and Instacart if it’s out of stock.

Its application has +5,000 recipes and you can customize them as per your choice. You can access it through applications and voice commands. This product is not available for sale in March 2024.

Company NameChefee Robotics
FounderAssaf Pashut
Founded2021
ProductEmbedded Robotic Chefs
Asked For$500k for 4% equity
Final Deal$500k for 15% equity
SharkKevin O'Leary Shark Tank Profile Kevin O’Leary
Episode (Shark Tank USA)S15 E17
Air DateMarch 8th, 2024
Business StatusIn Business
WebsiteVisit Website
HeadquartersAustin, Texas, USA
Lifetime Worth (Sales)$1M *estimated
Buy and WatchBuy NowAmazon Prime

Another Shark Tank Pitch

Who Is The Founder Of Chefee?

Assaf Pashut is the founder and CEO of Chefee Robotics Company. Assaf is a businessman. He started a falafel restaurant in San Francisco in 2006. His lifetime sales have been over $7 million.

How Was The Shark Tank Pitch Of Chefee?

Assaf asked the Sharks for $500,000 for 4% equity at a $12.5 million valuation. He explained to the sharks about his self-cooking kitchen Product. Assaf says that they have not built the cooker, they have created a robotic ecosystem that works automatically.

The lowest cost of an Automatic Kitchen Product is $9,500 but it does not include a Refrigerator. Premium Version Automatic Kitchen will cost around $40,000-$50,000. The difference between the standard version and the premium version is the capacity of the ingredients and the refrigerator.

Right now the company is at Pre-revenue and they have signed a $500,000 LOI (Letter of Intent) from the remodeling company. Assaf has raised $450,000 so far and has invested $90k himself

Barbara Corcoran said that she does not trust the product executive and she is out. Robert Harjavec said that he does not see a market for this product, so he is out. Lori Greiner said that she has a problem with adopting this kitchen, so she is out.

Kevin O’Leary offered $500k for 15% equity. Mark Cuban refused to invest in this business. Assaf did not counter Kevin’s 8% equity Kevin did not say anything. Assaf went down to 12% equity but it didn’t work so he finally accepted Kevin’s offer.

Sharks Offers list!

SharksOffers
Robert Herjavec Robert HerjavecNo Offer
Kevin O'Leary Shark Tank Profile Kevin O’Leary$500k for 15% equity
Mark Cuban Shark Tank Profile Mark CubanNo Offer
Barbara Corcoran Barbara CorcoranNo Offer
Lori Greiner Profile for Shark Tank Lori GreinerNo Offer
Founder’s (Countered)$500k for 8% equity (#1)
$500k for 12% equity (#1)
Final Deals$500k for 15% equity

What Happened To Chefee Robotics After Shark Tank?

Assaf answered the questions asked by people by releasing a video on the official Instagram account @chefeerobotics. People’s question was whether Chefee could make the potato recipe, and then Assaf’s answer was yes. They have partnered with some maintenance and cleaning companies in the United States.

Chefee Robotics Shark Tank Update

Assaf entered the shark tank alone and explained to the sharks about his dream project and the sharks looked quite excited after seeing this project. Along with the investment, he needs the expertise of the sharks to market the product.

What Is Chefee Robotics’s Net Worth?

Chefee Robotics’s net worth is estimated at $1.5 million. Right now a lot of changes are taking place in every sector and the robotic kitchen is a special project that will make the kitchen a smart device. According to us, it is not good for people to trust technology so much.

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.

YearsAnnual Revenue
2024 *estimated

Funding Reports to Date!

YearsFunding AmountInvestor
2023$500KKevin O’Leary

Is Chefee Still In Business?

This company was started in 2021 and Assaf invested the money he earned from his restaurant business in making robotic kitchens.

The headquarters of this company is in Austin, Texas, United States and it currently has 2-10 employees according to its LinkedIn profile.

Yes, Chefee is still in business as of March 2024.

frequently asked questions

Who is the Founder of Chefee?

Boona was founded by Assaf Pashut.

Did Chefee get a deal on Shark Tank?

Yes, Chefee got a deal in Shark Tank.