Quevos is a chipmaker through Egg Whites who participated in season 12 Episode 11 of Shark Tank. Quevos is an original egg white chip and has high protein and low carb which is considered very good for health. Its founders Nick and Zach asked for $200,000 in Shark Tank in exchange for a 5% stake in the company.
According to the report for 2019, the market value of global healthy snacks is 78.13 billion and it is growing slowly every year. It is estimated that in the coming 2027, the value of this industry can reach up to $108.11 billion.
In today’s time, most of the people who suffer a lot of health issues through snacks are now focusing on healthy snacks. Many startups work to promote healthy snacks with different snack categories.
Snacks are a very big category and many small niches in it have taken the valuation of the million-dollar globally.
Chips is a very big industry in snacks, so there is a brand in this industry Quevos which makes healthy chips from egg whites. This startup was started by Nick and Zach, both of whom are very young founders.
Both of them have been included in the Forbes 30 Under 30 2022 of the Food & Drink Industry. The age of both of them are 23 years old, at this young age, they should make a successful startup.
With this company being fully certified, it provides a healthy snack to the user. Their chips come in different flavors and it is very tasty.
What Is Quevos?
Quevos is a food and beverage services startup based in Chicago, Illinois. This company makes high protein, low carb chips through Egg Whites, this delicious snack is very tasty to eat.
Apart from this, the taste of salty, and crunchy is found in these chips. People are fond of fitness and they want healthy food in daily life, these healthy chips play an important role in fulfilling their needs.
It is a complete Guilt-Free Snack that contains 8g of Protein, 4g of Net Carbs, and 3g of Ribber, Gluten-Free which makes for a healthy Chips Snack.
These chips come in many different flavors like Mesquite BBQ, Quevos Rancheros, Cheddar, Honey Mustard, Dill Pickle, Sour Cream & Onion.
Their products are available in most of the retail stores in Illinois and it has more than 1,000+ stores. Nick says that this chip is more crunchy and healthier than other chips like potato chips etc.
| Company Name | Quevos |
| Founder | Nick Hamburger and Zach Schrier |
| Founded | 2017 |
| Product | high protein snack chips made from egg whites |
| Asked For | $200k for 5% equity |
| Final Deal | $200k for 10% equity + $200,000 line of credit |
| Shark | Daniel Lubetzky |
| Episode (Shark Tank USA) | S12 E11 |
| Air Date | Jan 22, 2021 |
| Business Status | In Business |
| Website | Visit Website |
| Headquarters | Chicago, Illinois, United States |
| Lifetime Worth (Sales) | $5M *estimated |
| Go To Amazon | Buy Now |
| Watch On | Amazon Prime |
Another Shark Tank Pitch
Who Is The Founder Of Quevos?
The co-founders of Quevos are Nick Hamburger and Zach Schrier, both of whom are 23 years old. He was included in the Forbes 30 under 30 2022 list of successful founders.
Zach is the of this company and he leads the company. His sister Carly helped him in making this chip. Nick is the CEO of this company.
Quevos Before Shark Tank
The test of Quevos chips is so good that they have got a rating of 3.6 on Amazon which is right for an average product.
This startup was started in 2018 and at the time of its launch, it raised $72,000 in funds by running Kickstarter Compagne.
In the beginning, They first started selling egg chips in retail stores. They did $260,000 in sales in 2020.
By 2021, their sales rate increased further and they generated total sales of $660,00 this year. Generating so many sales in a short period is nothing short of a miracle for a starting startup company.
The founder said that they would generate total sales of $1.3 million by the end of 2021. Of these total sales, 80% were online and 20% came through retail from 400 stores.
The cost of making this bag of chips comes to 83 cents, they sell to the distributor for $0.50, and online for $2.9 they sell to the consumer.
Nick says that he has raised $1.6 million money for this startup in 2021. Nick also said that he invests $20,000 per month in online marketing and that generates $90,000 in sales.
Did Quevos Get a Deal on Shark Tank?
Nick & Zach: Quevos founder Nick & Zach asked the sharks for $200,000 in return for 5% of their company’s equity. The Sharks were quite impressed by the sales of his company and the earlier funding.
Robert Herjavec: Robert Herjavec got out of this deal by telling some of his reasons. He had his reason that he did not know much about this field.
Out
Kevin O’Leary: Canadian businessman Kevin O’Leary offered the founder $200 for a 2.5% stake + a royalty of 10 cents per bag until $400K is paid to invest in this company. Kevin also said that he can generate sales by doing good marketing online and can help in reaching the product directly to the consumer.
Offer: $200 for a 2.5% stake + a royalty of 10 cents per bag until $400K
Daniel’s: Daniel’s offered $200 for a 10% stake in this company. Greiner also said that Daniel’s is the right investor for this company.
Daniels: Due to a counteroffer from Zach and Nick, Daniels changes his offer to $200K + $200K as a line of credit for a 10% stake.
Nick: Nick made the 3rd counteroffer to Daniels for $300 for a 10% stake. Daniels made his 3rd counteroffer of $200,000 for 10% + 2% in advisory shares.
Finally, the deals were finalized Daniels made $200,000 for a 10% + $200,000 line of credit in this company.
Finalize: Daniel Lubetzky invests $200k in Quevos for 10% equity + $200,000 line of credit.
Quevos Shark Tank Update
Quevos got very good sales after Shark Tank, this company generated sales of $500,000 in just 2 weeks.
Due to its continuous association, Daniel invested $1.35 million in this to take this product to the global level. Apart from this, the company had raised funds of $3.6 million from different investors.
The founder said that they would generate $1.3 million in sales by the end of 2021, but it generated sales of $2 million.
As of now, this product has been made available in GNC, Vitamin Shoppe, Whole Foods, and Wegman’s.
It is currently available in +1500 stores. In 2021, their lifetime sales were $3.2 million, their life was completely changed through the Shark Tank show.
After this episode of Shark Tank, many people bought Quevos chips from Amazon and other retail stores. Most of the people liked this product very much.
Looking at the company’s sales and the founder’s business mind, Daniel invested another $1.35 million in this company. Daniel had eaten these chips himself and he felt smokiness in them and was very tasty.
Where Can You Buy Quevos?
Buying Egg Chips is very easy, it is available on Amazon and its official website. It costs $14.99 online and packs 5 chips.
Available in more than 500+ stores at retail. here is a popular store where these chips available GNC, Vitamin Shoppe, Whole Foods, and Wegman’s.
What Is Quevos Net Worth?
Quevos is worth an estimated $2 million and the company is doing very well. In recent times, this chip company has become available in the United States as well as internationally.
Daniel Lubetzky is the founder of a snack company Kind and he understands the snack business very well. This can be a great contribution of investor Daniel to grow the business.
The market size of the healthy snack industry is estimated at $90 billion globally. This is a huge market and many brands are already working in this healthy snacks industry.
Since 2018, this company has been growing very well, by the end of the year, it has generated millions of dollars in sales.
Yes, Quevos is still in business as of April 2024.
