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Numilk Net Worth


As of 2023, Numilk net worth is around $55 million.

Numilk is a very famous milk packing company. The best thing is that the milk is prepared with the help of various steps free from bacteria.

All the users have the facility to fill bottles by themselves. The mission of the company is to make plant-based milk pre-packs for the customer. The most famous source of plant-based milk is almonds.

All the information about Numilk founders, projects, and more is available in this article.

Founders of the Numilk

In 2017, the company was founded by Joseph Savino and Ari Tolwin. Joe has a BBA from the Lubin School of Business; Ari has an MBA from Duke University.

They met with their friend Lennie Friedman to start a business. All of them have a lot of experience working in the beverage industry.

It is interesting to know that Tolwin co-founded tree water provider Happy Tree Maple Water. Also, he became its CEO in 2013.

Savino was able to co-found the beverage contract packer Harvest Beverage Group in the ensuing year.

After leaving their companies, they joined forces to start a new business. In 2018, the first machine was installed at NJ Whole Foods.

The role of Lennie Friedman is the CFO and VP of Engineering. Moreover, he manages the quality and accuracy of the product. The drink is almost always ready in a minute.

About Numilk

Joseph Savino, Ari Tolwin, and Lennie Friedman are the founders of Numilk. They have a connection with another company known as “Stray Dog Capital”.

It is a firm that provides startup business loans to make the business grow. It is located in Leawood, Kansas, USA.

Company Net Worth:$55 million
Pitch:Vending machines for plant based milks
Entrepreneur:Joe Savino and Ari Tolwin
Asked For:$1 million for 5%
Deal:$1 million for 7%, loan for $1 million at 3%
Shark:Mark Cuban

Joseph Savino: The Founder of Numilk

Joseph C. Savino is working in several businesses. He got his high school education from Millbrook School and did his graduation from Pace University in BBA, Finance from 2006 to 2010.

Joseph worked as Operation Mange in 121 Inflight Catering from March 2010 to January 2015. The Harvest Beverage Group was co-founded in May 2013. There he worked for around 5 years and left in June 2018.

After this, he founded a company named Greater New York. From June 2018 to the present, he has been the CEO officer of this company.

Shark Tank

To grow the business, the founders needed more investment from the outside. They decided to get investments from Shark Tank’s investors.

In 2021, they were able to make their pitch by offering 5% equity for $1 million. It was very expensive to value the business at $20 million.

They also presented the new and simple form, Numilk Home which was valued at $199.

Mark Cuban saw great opportunities in this. So, Mark Cuban made a $2 million deal and recommended that $1 million would be cash for 7% value.

Another option was credit with 3%. Joe and Ari appeared on ABC Shark Tank America in season 12 and episode 18.

The couple sought around $1 million for a 5% stake in the company. All the sharks tasted the Almond Milk and OAT Milk during the conversation.

Mark Cuban offered $1 million for a 7% stake in the company NuMilk with an option of $1 million in loans at 3% interest for a 3% stake. They finally chose the offer of $2 million from billionaire Mark Cuban.

After Shark Tank

After this, they bargained with Entire Food varieties. They were able to launch a Kickstarter crusade and raise over $222,000 from 888 patrons.

In the USA, the machines are sold in 65 stores. They will connect with more organizations with supermarkets and cafes.

Currently, Numilk is facing store network issues. Many clients are searching for a discount whereby the remark segment is loaded.

Numilk reported that they will make the Home and Expert machines in September 2022 with the help of Hamilton Ocean.

Competitors of Numilk

  • Perfect Day Company with 101-250 employees in Berkeley, California, USA.
  • Honey Mama’s with 11-50 employees in Portland, Oregon, the USA.
  • Oat Haus with 11-50 employees in Philadelphia, Pennsylvania, the USA.

How much is Numilk net worth?

As of 2023, Numilk net worth is around $55 million. Also, it is earning around $8.4 million in revenue a year.

Social Media Links

Numilk likes to post his pictures and videos on different social media platforms including Twitter, Instagram, and Facebook. It is just to engage their customers.

Instagram:See Profile
Facebook:See Profile
Twitter:See Profile
LinkedIn:See Profile
Website:Visit Website

Frequently Asked Questions

How much did Mark Cuban make from Numilk?

Numilk has a deal of $2 million with Mark Cuban. In 2018, Cuban made $1.9 billion from his holdings in the tech company Numilk.

What is Numilk from shark tank?

Numilk is a plant-based milk kiosk machine company. Its founders try to create a better dairy alternative for consumers.

How much does Numilk cost?

The milk is usually made from genetically modified corn and soybeans. Prices range between $3 and $5 per gallon. The discounts are available for those who buy in large quantities.

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