Snacklins is a vegan snacks brand which makes different types of tasty snacks using plant base natural ingredients. This brand claims that their snack look like pork rind, but it is completely Vegan (Meat-Free).
This vegan and healthy snacks brand was founded in December 2015 by Samy Kobrosly. Kobrosly comes from a Muslim family, so when he used to hangout with his friend, his friends used to joke about the taste of pork rind and chicharrones.
Kobrosly decided he would make a meat-free pork rind. He started preparing different recipes at his home. After spending a lot, created a vegan snack that looks like pork rind by mixing yuca, mushrooms, and onions.
Founder Samy Kobrosly along with his company appeared on Shark Tank Season 11 Episode 4 and asked the sharks for $250,000 for 2.5% equity at $10 Million Valuation. Kobrosly has demanded a high valuation for his company.
What is Snacklins?
Snacklins Washington, District of Columbia base is a Natural and Healthy Snacks Brand. This brand makes tasty snacks of different flavors by using Yuca, Mushrooms and Onions ingredients.
All snacks are Vegan, Gluten Free, Soy Free, Dairy Free and Nut Free. Apart from this, there is a total of 80-100 calories in one snack bag.
This brand makes different types of snacks like Barbeque, Nacho, Cinnamon Churro, Teriyaki and more. Apart from being healthy, all these snacks are also crunchy.
The product is available in the United States at Whole Foods, Morton Williams, Fairway Market, Walmart and Individual Retail Stores.
|Product||Vegan and healthy snacks brand|
|Asked For||$250K for 2.5% equity|
|Final Deal||$2505 for 5% equity and 5% advisory shares|
|Episode (Shark Tank USA)||S11 E4|
|Air Date||Oct 20, 2019|
|Business Status||In Business|
|Headquarters||Washington, District of Columbia, United States|
|Lifetime Worth (Sales)||$15M *estimated|
|Go To Amazon||Buy Now|
|Watch On||Amazon Prime|
Another Shark Tank Pitch
Who Is The Founder Of Snacklins?
Samy Kobrosly, the co-founder and inventor of the Snacklins brand, started this business in 2015.
Kobrosly had also worked in many companies after completing his studies from American University.
How Was The Shark Tank Pitch Of Snacklins?
After entering the Kobrosly in shark tank, he explained their business to the sharks and told how he started this business. When the sharks tasted these snacks, they liked it very much, now Kobrosly has 30% ownership of the company.
He has told that he has given 10% share of the company to his employee. Last year they did $200,000, this year their sales are estimated at $2 million. The reason for this is that their products are available at Whole Foods, 7 Eleven and other retail stores nationwide.
They have raised $1.5 million so far. All the sharks are out but Mark Cuban is still interested in the business but wants a better deal.
Kobrosly offered Mark $250k for 5% equity, but Mark said no. Mark made an offer of $250k for 5% equity + 5% advisory shares that convertible over 3 years. Kobrosly agreed to this offer.
Finalized: Mark Cuban invest $250k in exchange for 5% equity (+ 5% advisory shares) in Snacklins.
What Happened To Snacklins After Shark Tank?
After this episode of Shark Tank aired, the sales of this snacks brand had increased. Many people were surprised by the calories in the snacks of this brand, because there are only a few brands of snacks which have less calories.
There are many people who like to eat junk foods but this brand is also healthy along with giving the taste of junk food. The founder had estimated that by 2021 the annual sales of this company would be up to $10 million.
By 2020, the brand’s products were available at Stop & Shop’s 300+ retail stores in the Unites States.
By 2022, the brand’s snacks were available at Whole Foods, Stop and Shop, Erewhon and many more retail chain stores in the United States.
Mark Cuban made an announcement on social media on August 2022 about Pan’s Mushroom Jerky & Snacklins, The products of both these companies have become available at HEB Store in Texas. By 2022, this company had sold almost $4 million.
As of April 2023, a funding campaign for SNACKLINS has been launched on the Wefunder platform with a $100,000 goal. The business has generated a total revenue of $15 million since its commercial launch.
Currently this product is available across 2500 retail locations including Stop and Shop, HEB, Whole Foods, Sprouts, Wegman’s and many more.
Snacklins Shark Tank Update
Snacklins got successful funding in Shark Tank. All the sharks gave a common reason, the company’s valuation is high. However later this deal was done with Mark Cuban on 5% equity.
In season 13 episode 6, an update was given about the performance of this company. It is said that the products of this company have become available at 2500+ retail stores Whole Foods, Sprouts, Wegman’s and many more.
We’re following Samy Kobrosly along with his company for further updates.
What Is the Net Worth of Snacklins?
The current worth of Snacklins can be estimated at $20 million. This company has grown very well after Shark Tank, in recent times it has become available at major retail stores in the United States.
Union Kitchen has invested a total of $2 million in this company, according to Curnchbase’s report, $1 million was invested on Jan 2, 2023.
Is Snacklins Still In Business?
It is one of the fastest growing brands in the snacks category in the Mid-Atlantic region. This company of Shark Tank has been performing very well till now.
The brand has been featured in various media publications including Forbes, Inc Magazine, The Business Journals and many more.
The current headquarter of this private company is in Washington, District of Columbia, United States and total 11-50 employees are working in it.
Yes, Snacklins is still in business as of April 2023.