Founders Jilea Hemmings and Jamie Hemmings of Nourish + Bloom Market appeared on Shark Tank Season 15, Episode 18, seeking $400,000 for 5% equity at an $8 million valuation. Their autonomous grocery store business, inspired by their oldest son Jabari, who has autism, offers healthy foods with robotic delivery.
Nourish + Bloom Market, the first autonomous grocery store in the U.S., operates 24/7 and aims to open 1,000 stores nationwide within the next decade. Customers use an app to scan a QR code at the store’s gate to shop seamlessly.
Founded in July 2020, Nourish + Bloom Market’s frictionless shopping model represents a growing trend in retail, offering a convenient, hassle-free shopping experience.
Company Name | Nourish + Bloom Market | |
Founder | Jilea Hemmings and Jamie Hemmings | |
Founded | 2020 | |
Product | Healthy autonomous grocery store | |
Asked For | $400k for 5% equity | |
Final Deal | No Deals | |
Shark | No Sharks | |
Episode (Shark Tank USA) | S15 E18 | |
Air Date | March 15th, 2024 | |
Business Status | In Business | |
Website | Visit Website | |
Headquarters | Fayetteville, Georgia, USA | |
Lifetime Worth (Sales) | $1.5M *estimated | |
Buy and Watch | Buy Now | Amazon Prime |
Another Shark Tank Pitch
Who Is The Founder Of Nourish + Bloom Market?
The founders of Nourish + Bloom Market are Jilea Hemmings and Jamie Hemmings, a couple who launched their first store in Fayetteville, Georgia, in 2020.
Jamie Hemmings, an entrepreneur, started his Stretchy hair care business in 2019. Jilea Hemmings, also an entrepreneur, was the co-founder and CEO of Leaf Tyme before starting Nourish + Bloom Market.
How Was The Shark Tank Pitch Of Nourish + Bloom Market?
Jilea and Jamie Hemmings appeared on Shark Tank seeking $400,000 for 5% equity in their autonomous grocery store, Nourish + Bloom Market. They explained their concept of a healthy, frictionless grocery store, which uses technology to streamline shopping.
They invested $1.5 million in building their first flagship store, which opened in January 2022, and reported lifetime sales exceeding $800,000.
Last month, their sales reached $22,000, but they are not yet profitable. They also opened a container store, which costs $400,000, and currently earns them a profit.
Lori Greiner and Barbara Corcoran both declined to invest, citing unfamiliarity with the business and lack of clarity. The company has raised $440,000 from friends and family, $875,000 from the U.S. Small Business Administration (SBA), and has convertible loans valued at $250,000. All the Sharks chose not to invest in Nourish + Bloom Market.
Sharks Offers list!
Sharks | Offers |
---|---|
Jason Blum | No Offer |
Kevin O’Leary | No Offer |
Mark Cuban | No Offer |
Barbara Corcoran | No Offer |
Lori Greiner | No Offer |
Founder’s (Countered) | No Counters |
Final Deals | No Deals |
Nourish + Bloom Market Shark Tank Update
Nourish + Bloom Market did not secure a deal on Shark Tank, as all the Sharks declined to invest. Despite the rejection, I believe the business idea has significant potential.
The concept of an autonomous grocery store with frictionless shopping is innovative and aligns with future retail trends. However, managing inventory in such a system can be complex.
Jilea and Jamie Hemmings provided a detailed explanation of their autonomous grocery store and its future potential during their Shark Tank appearance.
Frictionless shopping is an emerging trend that has already been adopted by various stores, indicating a growing interest in this type of retail experience.
What Is Nourish + Bloom Market’s Net Worth?
Nourish + Bloom Market’s net worth is estimated at $1 million. Founders Jilea and Jamie Hemmings are seasoned entrepreneurs with prior business experience, equipping them with the knowledge to manage their venture effectively.
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 | $800k *estimated |
Funding Reports to Date!
Years | Funding Amount | Investor |
N/A | N/A | N/A |
Is Nourish + Bloom Market Still In Business?
The company opened its first store in Fayetteville, Georgia, in 2020. They plan to expand by opening three additional stores in various locations around Atlanta between June and July 2024.
The official address of Nourish + Bloom Market is Fayetteville, Georgia, United States. According to its LinkedIn profile, the company currently employs 2-10 people.
Yes, Nourish + Bloom Market is still in business as of August 2024.
frequently asked questions
Who is the Founder of Nourish + Bloom Market?
Nourish + Bloom Market was founded by Jilea Hemmings and Jamie Hemmings.
Did Nourish + Bloom Market get a deal on Shark Tank?
No, Nourish + Bloom Market didn’t get a deal on Shark Tank