Mango Mango Shark Tank Net Worth

“Mango Mango” Mango Preserves is a product pitched on Season 5 of Shark Tank by Lakesha Brown-Renfro, Tanecia Willis, and Nzinga Teule-Hekima. It emerged from their successful event planning business, ‘Simply Panache,’ becoming a unique business venture when they saw this food item’s popularity amongst their clients.

Mango Mango is an artisanal mango preserve made from only four natural ingredients – mangoes, lime juice, sugar, and vanilla. This all-natural composition is a testament to the founders’ commitment to quality, taste, and health.

They have ensured no artificial coloring, flavors, or preservatives are used, preserving the authentic taste of the mangoes and ensuring a healthier product.

It can be used to create specialty butter, added to hot wings or curry chicken for a sweet and tangy twist, used in stir-fry recipes, or even as a unique pizza topping. Its versatility makes it a must-have for those who enjoy experimenting in the kitchen and want to elevate their culinary creations.

“Mango Mango” Mango Preserves proved its potential even before its appearance on Shark Tank. The team behind it had already built a strong customer base by selling hundreds of jars at special events, with one instance of selling over 800 jars at a single event in Houston, Texas.

The success of their product at these events, combined with their strategic approach to pitching only the “Mango Mango” business on Shark Tank, shows their acumen as entrepreneurs.

The “Mango Mango” Mango Preserves is a product that embraces quality and innovation. Its natural composition, exceptional taste, and versatility make it an excellent choice for consumers who appreciate unique, high-quality food products.

Whether used in traditional ways or to explore new culinary avenues, it holds the potential to deliver an exceptional experience.

Company NameMango Mango
EntrepreneurLakesha Brown-Renfro, Tanecia Willis, and Nzinga Teule-Hekima
Product / BusinessMango Fruit Preserve
Investment Asking For$75,000 for 20% equity in Mango Mango
Final DealNo Deal
SharkNo Shark
Mango Mango Episode Season 5, Episode 5
Mango Mango Business StatusIn Business
Mango Mango WebsiteMango Mango Website
Mango Mango Net Worth$3 Million

What Is Mango Mango?

“Mango Mango” is a gourmet mango preserve made from four simple ingredients: Mango, sugar, vanilla, and fresh lime juice. This product is versatile and can be used in numerous ways, such as a spread, a mix-in, a topping, or even eaten straight out of the jar.

Mango Mango is a fruit preserve that is quite popular among the audiences at the parties held by these three hard-working individuals who started it all. The company only began selling preserves for retail, describing the product as “a celebration in a jar.”

Mango Mango Shark Tank Net Worth

Mango Mango is a company that specializes in producing a unique mango preserve. The product is often simply referred to as “Mango Mango,” and it’s known for its versatility in the kitchen.

Who Is The Founder Of Mango Mango?

“Mango Mango” Mango Preserves is the brainchild of three dynamic women: Nzinga Teule-Hekima, Lakesha Brown-Renfro, and Tanecia Willis. Each of these founders has a unique background contributing to their entrepreneurial journey.

Nzinga Teule-Hekima is a physician, Lakesha Brown-Renfro is a registered nurse, and Tanecia Willis is a military wife. Despite not having professional culinary backgrounds, these three ladies have mastered their craft through experience and passion, coming together to create a product embodying their love for unique, versatile, and quality food.

Their product, “Mango Mango” Mango Preserves, was conceived as part of their existing event planning business, ‘Simply Panache.’

They noticed that their mango preserves were the #1 most requested food product at their events, so they seized the opportunity to turn it into a standalone business.

They labeled their product a “Party in a Jar,” focusing on creating easy-to-serve preserves to give foods a unique mango flavor.

Before their appearance on Shark Tank, Mango Mango was a relatively unknown company. Their preserves were mostly sold in small, local stores and at events like farmer’s markets and craft fairs.

Despite this modest start, the founders had big dreams of bringing their product to a wider audience across the United States.

Their goal was not just to create a high-quality preserve but also to educate consumers about the versatility of their product – it could be spread, mixed, shaken, or stirred into various dishes, making it more than just a standard fruit preserve.

This dedication to quality, along with their innovative vision and entrepreneurial spirit, laid a strong foundation for Mango Mango.

Their commitment to their product and customers has driven them to overcome production costs and scaling challenges, allowing them to successfully expand their operations after their Shark Tank appearance.

They embody the entrepreneurial spirit, turning a simple idea from their event planning business into a successful venture that numerous retailers have picked up nationwide.

How Was The Shark Tank Pitch Of Mango Mango?

The Shark Tank pitch of Mango Mango was memorable and lively, brought forth by its energetic founders, Lakesha Brown-Renfro, Nzinga Teule-Hekima, and Tanecia Willis.

The three entrepreneurs took to the stage with a catchy song and dance about their product, further enlivening the presentation with samples of dishes made with Mango Mango preserves. The Sharks were impressed with the product’s taste, adding a positive note to the pitch.

For their business proposition, the trio was seeking an investment of $75,000 for a 20% equity stake in their company, valuing Mango Mango at $375,000. The funds were intended to acquire manufacturing equipment to establish their production facility.

The company had grossed $138,000 in sales in the 18 months leading up to the presentation, but production costs were high – each jar cost $2.18 to make, wholesale for $3.96, and retailed for $6.99.

Mango Mango Shark Tank Net Worth

Despite the enthusiasm and flavor of the pitch, the Sharks had reservations. Kevin O’Leary acknowledged the product’s potential but pointed out the high production costs, suggesting they needed to cut these costs by nearly half.

Mark Cuban admitted he was not familiar enough with the preserves industry to feel comfortable investing and bowed out.

Lori Greiner had a more optimistic view, affirming that the women were on their path to success. Instead of giving away a slice of their equity to investors, she advised that they use incoming revenues to fund their facility, thus retaining the equity for themselves.

This advice led to her withdrawal from the deal. Daymond John also stepped out, confessing his lack of knowledge about the jelly business.

Robert Herjavec, who had enjoyed all the samples the women had brought, expressed his concern about providing adequate guidance as an investor and advisor.

He believed he lacked the necessary knowledge about the mango industry to offer valuable insights and, as such, was the last Shark to step out.

As a result, the Mango Mango presentation concluded without a deal from any of the Sharks. Despite this, the company experienced a surge of success following the show, selling over 30,000 jars of its product the month after its Shark Tank appearance.

The product was featured on QVC multiple times, often selling out, and sold at Whole Foods.

Final Deal: No deal between Sharks and Mango Mango Founders.

What Happened To Mango Mango After Shark Tank?

After their appearance on Shark Tank, the business trajectory of Mango Mango Preserves took a significant upward turn despite not securing a deal with any of the Sharks.

The company’s exposure from the show generated a lot of interest in their product, leading to a considerable spike in sales.

In the month following their Shark Tank appearance, Mango Mango sold over 30,000 jars of their product, showcasing the interest the public had developed.

This marked a significant boost to their business, reflecting the power of the show’s platform in promoting their brand and products to a national audience.

Mango Mango didn’t stop there. They took advantage of the momentum and expanded their retail presence, eventually making their products available in renowned grocery stores like Whole Foods. This extended reach allowed them to bring their preserves to a larger customer base across the United States.

Further expanding its reach, the company made multiple appearances on QVC, a popular home shopping network. Their products regularly sold out after each appearance, indicating a strong demand for them.

The company also updated its website, providing an online platform for customers nationwide to purchase their products. This move allowed them to reach customers beyond their physical retail locations, opening up an additional revenue stream for the business.

From the information available, it appears that Mango Mango has been able to sustain and grow its business post-Shark Tank.

They leveraged the platform’s exposure, expanded their retail and online presence, and continued to engage with their audience, demonstrating a keen understanding of their market and solid business acumen.

Mango Mango Shark Tank Update

After their appearance on Shark Tank, Mango Mango, founded by Lakesha Brown-Renfro, Nzinga Teule-Hekima, and Tanecia Willis, experienced substantial growth and success.

Despite not securing a deal on the show, their versatile mango preserves flourished. Mango Mango sold nearly 100,000 jars within 48 hours post-show and made successful appearances on QVC.

The company expanded its distribution to Whole Foods and gourmet stores, amassing over a million dollars in revenue.

Mango Mango Shark Tank Net Worth

Mango Mango is still in business and continues to thrive. In 2022, the business reported more than $1 million in sales, showing no signs of slowing down.

They also launched Mango Mangeaux Bistro, offering diverse cuisine styles and housing their manufacturing and distribution. Their venture extended beyond preserves; they established a day spa, boutique hotel, lounge, and event venue.

Additionally, they initiated Black Restaurant Week in 2019, displaying commitment to their community. This visionary trio’s journey showcases unwavering resilience, innovation, and dedication to success.

What Is the Net Worth of Mango Mango?

According to our research, the net worth of Mango Mango is estimated to be $3 million. The valuation of mango Mango was $375,000 when it appeared on Shark Tank.