Must Love Shark Tank Net Worth

Must Love is a dairy-free dessert brand that gained attention after appearing on episode 11 of Season 13 of Shark Tank. Founded by best friends Hannah Hong and Mollie Cha, Must Love offers a range of vegan and natural desserts, including ice cream, bars, cookies, and sprinkles.

Must Love innovative ice cream is made from almond milk, vanilla, and pureed bananas, catering to those with dairy allergies and vegan preferences.

With flavors like Banilla, Dipped Crunchy Peanut Swirl, Cashew Cookie, and Choco Choco Chip, Must Love provides a guilt-free indulgence for dessert lovers.

The company’s commitment to using only natural ingredients and expanding its product line to include various treats makes it a standout choice for those seeking delicious dairy-free options.

Despite facing challenges on Shark Tank, Must Love continues to thrive in the market, offering its delectable desserts both in stores and online, making it a sweet and wholesome choice for all dessert enthusiasts.

Company NameMust Love
FounderHannah Hong and Mollie Cha
ProductA vegan ice cream alternative made from plants
Investment Seeking$600,000 for 7.5% Equity
Final Deal AcceptedNo Deal
Shark NameNo Shark
EpisodeSeason 13, Episode 11
Business StatusIn Business
WebsiteMust Love Website
Net Worth$5 million

What Is Must Love?

Must Love is a modern-day non-dairy ice cream brand that focuses on creating delicious dairy-free treats made with simple, recognizable ingredients. Their products, known as “nice creams,” do not contain GMOs or artificial ingredients.

Must Love offers a variety of flavors in pints and bars that can be found in natural grocers and supermarkets across the U.S. Must Love’s products are 100% plant-based and made with real, simple ingredients.

Must Love Shark Tank Net Worth

Must Love offers banana and oat milk-based nice creams in various flavors, such as Peanut Butter Swirl and Choco Choco Chip. They focus on creating delicious frozen treats without the use of dairy or excessive refined sugar.

The brand aims to make plant-based indulgences accessible to families nationwide. Their commitment to using natural ingredients and innovative recipes sets them apart in the dessert industry.

Who Is The Founder Of Must Love?

Hannah and Mollie are the co-founders of Must Love. Hannah and Mollie have been best friends for 16 years since their time at UC Berkeley.

Their passion for plant-based living led them to notice a gap in the market for healthier frozen desserts despite the availability of plant-based options. Must Love was born out of their love for simple, real ingredients in 2016.

Hannah and Mollie were having banana cream made with almond milk and frozen bananas one evening when they had the idea for Must Love.

Upon tasting it, they realized the potential of turning this into a convenient and delicious product for health-conscious consumers. This “lightning striking” moment inspired them to bring their vision to life.

Before appearing on Shark Tank in Season 13, Episode 11 on 01/14/22, Must Love had already established itself as a brand offering banana and oat milk-based nice creams in enticing flavors like Peanut Butter Swirl and Choco Choco Chip.

They aimed to provide a healthier alternative to traditional dairy ice cream, catering to those seeking plant-based options with minimal refined sugar.

How Was The Shark Tank Pitch Of Must Love?

In their Shark Tank pitch, Hannah Hong and Mollie Cha of Must Love Vegan Ice Cream were seeking a $600,000 investment in exchange for a 7.5% stake in their business.

They highlighted their unique selling point of using natural fruits and oats to create a healthier alternative to traditional ice cream, catering to those who are lactose intolerant.

Must Love Shark Tank Net Worth

While the sharks appreciated the taste and healthiness of the product, concerns arose over the $8 million valuation and the $400,000 loss the company had incurred.

Ultimately, Mark Cuban, Daymond John, Kevin O’Leary, and Peter Jones declined to make offers, citing various reservations. Lori Greiner, though interested, refrained from investing as she had already backed a similar venture.

Consequently, Must Love Vegan Ice Cream left Shark Tank without securing a deal, indicating that they did not reach a final agreement with any of the sharks present.

Sharks’ Views on the Product:

  • The sharks were impressed with the taste of the ice cream and the healthy ingredients used.
  • However, they had concerns about the high valuation of $8 million, the $400,000 loss, and the competitive nature of the industry.

Investment Offers:

  • Mark Cuban, Daymond John, Kevin O’Leary, and guest shark Peter Jones did not make offers due to various concerns.
  • Lori Greiner was interested but had already invested in a similar business.

Final Deal:

  • Must Love Vegan Ice Cream did not secure a deal on Shark Tank.
Shark’s NameInvestment OfferedCounter Offer by FoundersFinal Deal Accepted by Founders
Mark Cuban
Daymond John
Kevin O’Leary
Peter Jones
Lori Greiner

Did Must Love Get a Deal on Shark Tank?

Must Love, the plant-based vegan ice cream alternative company founded by best friends Hannah Hong and Mollie Cha, appeared on Shark Tank Season 13 but left without a deal.

Despite not securing an investment from any of the sharks, the company is thriving and still in business. Must Love products are available for purchase on platforms like Amazon, Whole Foods, and Sprouts.

The company has expanded its product line to include cookies and snacks alongside its frozen treats. While the sharks did not invest, the exposure from Shark Tank has helped Must Love attract new customers and boost sales.

Also read, ROQ Innovation Shark Tank Net Worth

What Happened To Must Love After Shark Tank?

After their appearance on “Shark Tank,” Must Love faced challenges despite the positive reception of their products. The Sharks were impressed by the taste but concerned about the financial aspect, leading to no deal being made.

However, this setback did not deter the founders, Mollie Cha and Hannah Hong, from continuing to grow their business.

Since debuting on the show, Must Love has made significant progress in ensuring the ongoing success of their brand. They have maintained a strong online presence, with a growing following on social media platforms such as Instagram.

The company has also continued to innovate by releasing new products, such as a limited-edition birthday cake-flavored ice cream and a frosted cookie line.

Must Love Shark Tank Net Worth

While Must Love has faced challenges, such as many of their products being currently sold out on their website, they have managed to secure distribution in several Sprouts Farmers Market locations and independent grocers nationwide.

Must Love is still in business, with a net worth of $5 million, and actively expanding its reach in the market.

However, despite the initial financial struggles highlighted on Shark Tank, the continued presence of Must Love in the market and their efforts to introduce new products suggest that the brand is resilient and striving for success in the competitive plant-based dessert industry.

Also read, RomperJack Shark Tank Update | RomperJack Net Worth

Must Love Shark Tank Update

After appearing on Shark Tank, Must Love Vegan Ice Cream faced both challenges and successes in its business journey. Despite not securing a deal with the sharks, the company continued its operations and remained in business.

However, despite the setback on Shark Tank, Must Love Vegan Ice Cream has managed to maintain its presence in the market. The company has leveraged various platforms and publications to showcase its products, leading to increased online visibility and potentially boosting sales.

Must Love’s ice creams and toppings are still available for purchase on their website and can be found in selected retail locations such as Sprouts, Costco, and Winn Dixie.

In February 2022, their products became available at Costco Wholesale in Hawaii and Southern California.

By August 2022, their ice cream bars were stocked in New York at Westerly Natural Market, Westside Market, and Health Nuts. Additionally, Dipped Banilla Bars were introduced at Costco wholesale stores in the United Kingdom.

Must Love continues to operate successfully, with its headquarters and manufacturing facility based in Los Angeles, California, employing between 2 to 10 individuals. The brand remains active and thriving.

However, they experienced a loss of $400,000 due to expenses related to securing shelf space in major retail outlets. Despite these financial challenges, Must Love Vegan Ice Cream has persevered and continues to operate in the competitive dessert industry.

Must Love Vegan Ice Cream has showcased resilience and determination in sustaining its business post-Shark Tank. Their ongoing presence in the market and positive reception from consumers indicate a promising future for the company.

Also read, VaBroom Shark Tank Update | VaBroom Net Worth

What Is the Net Worth Of Must Love?

According to our research, the net worth of Must Love is estimated to be $5 million. The valuation of Must Love was $8 million when it appeared on season 13 of Shark Tank.

Rate this post
2 Shares: