Nowhere Bakery Shark Tank Update (Season 15)

Nowhere Bakery co-founders Maurizio Rasti and Saphira Rasti appeared on Shark Tank Season 15 Episode 18 and asked the Sharks for $200k for 5% equity at a $4 Million Valuation. This food and beverage company was founded in March 2020 in Orange County, California.

Saphira is a holistic nutrition counselor and she loves desserts. Due to her unhealthy diet, she started facing gut issues and due to this, she had to completely change her diet plan. She teamed up with her husband Maurizio to find some sweets that were healthy and compatible with her diet.

After disappointment, she decided to make desserts herself, so Nowhere Bakery was born in 2020. The focus is on harmonizing healthy ingredients in desserts.

What Is Nowhere Bakery?

Nowhere Bakery is a food and beverage company that mainly produces desserts. Healthy ingredients are used in their desserts which are also good in taste. All their desserts are mainly free from Dairy, Gluten, Grains, Refined Sugar, Soy, Corn, Eggs, and Seed Oils.

Their Products Are Chocolate Chip Cookies, Candy Bar Cookies, Brownles, and Sugar Cookie Baking Mix. The cost of all these products is $16-$36. Their products are currently being sold at 70+ independent retail stores nationwide.

Company NameNowhere Bakery
FounderMaurizio Rasti and Saphira Rasti
Founded2020
ProductHealthy desserts
Asked For$200k for 5% equity
Final Deal$100k cash + $100k as a line of credit for a 12.5% equity
SharkBarbara Corcoran Barbara Corcoran
Episode (Shark Tank USA)S15 E18
Air DateMarch 15th, 2024
Business StatusIn Business
WebsiteVisit Website
HeadquartersOrange County, California, USA
Lifetime Worth (Sales)$2.3M *estimated
Buy and WatchBuy NowAmazon Prime

Another Shark Tank Pitch

Who Is The Founder Of Nowhere Bakery?

Image via ABC Shark Tank

Saphira Rasti is the co-founder of Nowhere Bakery Company. She is a professional health coach. Maurizio Rasti is a marketer and studied Business, Management, and Marketing at The Ohio State University.

How Was The Shark Tank Pitch Of Nowhere Bakery?

When Maurizio and Saphira entered Shark Tank they asked the sharks for $200k for 5% equity. Their sales in 2020 were $92,000, sales in 2021 were $524,000, sales in 2022 were $770,000 and in 2023 they plan to do $1 million in sales. The profit in 2022 was $32,000, which is quite low.

Kevin O’Leary offered $200k for 20% equity and would hire a CO Packer who would receive 10% equity on Kevin’s behalf. Mark Cuban said it has too many calories so that’s why he is out.

Barbara Corcoran offered $100k cash + $100k as a line of credit for a 15% equity. Lori Greiner refused to invest in this business because of its high calories. Jason teams up with Kevin.

Maurizio offered Barbara $400k for 15% equity. Saphira gave another counter to Barbara $100k cash + $100k as a line of credit for a 12.5% ​​equity, so Barbara said yes.

Sharks Offers list!

SharksOffers
Jason Blum Jason Blum$200k for 20% equity (Kevin)
Kevin O'Leary Shark Tank Profile Kevin O’Leary$200k for 20% equity (Jason)
Mark Cuban Shark Tank Profile Mark CubanNo Offer
Barbara Corcoran Barbara Corcoran$100k cash + $100k as a line of credit for a 15% equity (#1)
Lori Greiner Profile for Shark Tank Lori GreinerNo 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

What Happened To Nowhere Bakery After Shark Tank?

Nowhere Bakery gets a deal on Shark Tank. Barbara Corcoran invests $200k in this company for 12.5% ​​equity. People have shared their different opinions on Reddit regarding the calories of cookies.

Nowhere Bakery Shark Tank Update

After entering the Shark Tank, both Maurizio and Saphira gave a very good pitch and told the Sharks about their business. Their goal is to make the desserts available in Bigbox stores nationwide.

What Is Nowhere Bakery’s Net Worth?

Nowhere Bakery’s net worth is estimated at $0.3 million. Many startups come to ABC Shark Tank for investment and free promotion. They know that if they do not get investment, some investors will definitely be found and people will also know about the product.

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
2023$1M *estimated
2022$770k *estimated
2021$524k *estimated
2020$92k *estimated

Funding Reports to Date!

YearsFunding AmountInvestor
2023$200kBarbara Corcoran

Is Nowhere Bakery Still In Business?

Maurizio and Saphira, both husband and wife, are currently working full-time to grow their business and hope it becomes successful.

The official address of this business is Orange County, California, United States and it employs 2 people.

Yes, Nowhere Bakery is still in business as of March 2024.

frequently asked questions

Who is the Founder of Nowhere Bakery?

Nowhere Bakery was founded by Saphira Rasti.

Did Nowhere Bakery get a deal on Shark Tank?

Yes, Nowhere Bakery got a deal on Shark Tank.