Himalayan Dog Chew founders Suman and Nishes would like the Shark Tank to consider investing in their product, a dog treats made according to a Himalayan formula.
The two men are brothers who hail from Nepal. The duo was joined on the Shark Tank by their father, Sujan, where they claimed that their treats were protein-packed and provided energy for dogs.
Himalayan Dog Chews will last for at least a few hours and, in many cases, even a few weeks since your dog has to work at it patiently, even to soften it enough to scrape small portions off with their teeth. The chews are designed in such a way that makes this possible.
This product has a mild odor, doesn’t make a huge mess, and does not contain any dyes or meat products; it will not stain furniture or carpets.
Some chews have issues with odor, carpet staining, or bacteria accumulation; however, Himalayan chews are mild smelling, don’t make a mess, and don’t contain any of these ingredients.
There are only four components found in this product: yak milk, cow milk, lime juice, and salt. These are processed into cheese, then dried into a delicacy that may be chewed.
When the treat has shrunk to the point where it poses a choking threat, you can microwave it to turn it into a puffy, crumbly cheese treat that your dog can consume without risk.
The Himalayan Dog Chews are incredibly easy to digest! The chews have been subjected to Durometer testing to assess how rapidly they would dissolve in stomach acid.
It turns out that chews dissolve in the stomach significantly faster than rawhide, antlers, or bones.
They do not include any meat protein, which is a wonderful benefit for owners of long-suffering pets who have pets that are allergic to beef, poultry, or grain.
The Sharks were given samples of a cheese delicacy that “popped,” despite its intended use for canines.
The investors appeared to be impressed, and they expressed their admiration once more when the family began discussing the financials.
The company’s distribution network helped the company generate revenues of $5.6 million in 2017.
Their first investment was a mere $2,000, and they have continually redirected all of their earnings back into the business; they have only lately begun to pay themselves.
What Is Himalayan Dog Chew?
Himalayan Dog Chew is a yak cheese treat specially formulated to provide your dog with nutritional benefits.
People living in Nepal’s Himalayas enjoy eating a cheese snack made from yak and cow milk.
The Himalayan Dog Chew Team had four years to redesign the cheese people eat to make it lactose-free and dog-friendly.
This dog treat contains high levels of nutrients and is made with yak cheese that has been cooked correctly.
Over four years, Himalayan Dog Chews redeveloped the human-grade cheese into a lactose-free, dog-safe product.
|Company Name||Himalayan Dog Chew|
|Entrepreneur||Suman Shrestha, Nishes Shrestha, and Sujan Shrestha|
|Product / Business||A natural dog treats based on yak cheese|
|Investment Asking For||$750,000 for 5% equity in Himalayan Dog Chew|
|Final Deal||Offers Declined|
|Episode||Season 6 Episode 18|
|Business Status||In Business|
Who Is The Founder Of Himalayan Dog Chew?
Himalayan Dog Chews was founded in 2003 by Suman and Sujan Shrestha with help from Nishes Shrestha, a friend with the same last name but not related to them.
After seeing a dog eating Nepal’s traditional hard cheese, he started his own business. Yakh milk, lime, salt, and salt make cheese, then cooled.
It’s easy to see why they’ve already gained widespread acceptance among mongrel fans.
The primary ingredients of Himalayan Dog Chews are yak milk, cow milk (or goat milk), lime juice, and salt.
That is all there is to it. The production of this product does not include any unusual preservatives, additives, or colors.
The chews are produced and obtained with the help of small-scale Nepalese farmers, despite the company being based in the United States.
Once smoked and cured, it is pressed for several days in burlap before being served after being cured for several months.
Three people first sold their products at a local dog festival in 2007 after confirming that they were safe for dogs.
The company generates more than $1 million in annual sales. Their products are sold to more than 5000 retailers, and they have more than 40 employees.
They also work with about 3,000 farmer cooperatives in the Himalayas that supply their products with cow and yak milk.
Himalayan Dog Chew Before Shark Tank
Himalayan Dog Chews was founded in 2003 when brothers Suman and Sujan Shrestha joined forces with Nishes Shrestha, a mutual friend of the Shrestha brothers with the same last name.
They founded the company because one of the brothers witnessed a dog gnawing on Nepali cheese, which inspired them to create their product.
This yak’s milk cheese, which is made from milk that has been cooked with lime and salt, is delicious.
This is followed by several days of pressing in burlap, and then it is smoked and allowed to dry for a few months.
They sold their first product in 2007 at a local dog festival after testing the product for a year to ensure it was safe.
Himalayan Dog chews became more popular after that point. Those dog events were just a few months before their first business premises opened.
The company employs 40 people directly and sources yak and cow milk from 3,000 Himalayan farmers.
The company previously generated more than $5 million in revenue before its appearance on Shark Tank. Why then did they need help from the Sharks? Let’s have a look at this.
How Was The Shark Tank Pitch Of Himalayan Dog Chew?
Nishes, Sujan, and Suman appeared on Shark Tank; they requested an investment of $750,000 for a 5 percent stake in Himalayan Dog Chew.
Their presentation began with a film that explained they were born and raised in Nepal but were now residing in Washington.
It depicted them interacting with dogs in a verdant backyard and their large family in Nepal. Sujan, his brother, is still in Nepal conducting business with Nepalese farmers.
Three business people introduced themselves using a Nepali greeting. They seek $750,000 for a 5% share in Himalayan Dog Chew Company.
This appeared to surprise the Sharks, as they all exclaimed, “Woooow.”
Their company claims to have turned Himalayan yak milk snacks into an all-natural dog treat. These confections consist of yak and cow milk, lime juice, and salt.
They distributed samples while the Sharks opened the packages. Lori removed one to smell it.
Robert inquired whether the cheese they used was exclusive to Nepal and whether or not it was solely for dogs.
Sijan stated that the cheese was unique to Nepal and was a popular snack there.
There was some bustle as the Sharks rummaged through their bags and asked if they could consume their provided samples.
Kevin began to gnaw on his cheese when he heard it was manufactured harder for dogs in the United States.
They also displayed what looked like dog popcorn. The cheese puffs out as it is heated in the microwave.
Robert and Mark asked if they might sample it, and Mark answered, “Bring it on; he’s starving.” They told them he could eat it because it is safe, but it is quite tasteless.
Mark commented that the sample of pre-popped cheese he and Daymond consumed was not awful.
Predictably, Kevin inquired about their phone numbers. They reportedly generated $5.4 million in revenue in the previous year alone.
The Sharks were incredibly amazed by these figures. The three reported selling slightly more than one million units.
Lori inquired where they were being sold, and the response was somewhat surprising.
They are currently available in 6,000 places, primarily independent pet stores. Mark inquired why they were present.
The three individuals behind Himalayan Dog Chews stated that they were mostly there for the Shark partnership.
Robert inquired about their secret, as he had never seen someone make so much money selling dog treats.
They stated that they began with $3,000 and reinvested all revenues back into the firm.
Daymond stated that he would like to submit a job application. Kevin stated that their company’s $15 million valuations, which is three times sales, were somewhat ambitious.
Sijan said it was based on current sales projections that indicated they would earn $8 million this year.
He stated that they wanted to retain half of the desired compensation for themselves. The Sharks appeared astounded.
Robert praised the honesty but explained that it was not precisely what the investors desired to hear.
Daymond’s head was in his hands. Mark stated that they could pay themselves by borrowing against their cash flow. They were commended for seizing the PR opportunity.
Kevin was the following to make a bid. Before explaining the specifics, he inquired if any other Sharks were interested.
Lori responded negatively, stating that she did not comprehend the business or why it had generated so much revenue.
Daymond expressed interest but was unavailable.
Robert expressed interest, but he did not believe the item was as valuable as the other three claimed.
Kevin stated that he would like to invest $750,000 in the business as a loan with a 10% interest rate and a 5% ownership position.
Robert invested an extra 5 percent, bringing his total stock holding to 10 percent.
The trio appeared hesitant and asked if they could discuss the situation. Kevin instructed them to go.
They discussed it and concluded that 10% was too much for them. When they returned, they were informed that the water had become somewhat murkier because they had left the tank.
Lori’s interest in the company resulted in the three Sharks receiving up to 15 percent stock.
They had a choice to make when the commercial break began. The company Himalayan Dog Chew opted to reject respectfully.
Lori inquired as to the issue with the agreement. They stated that they dislike the fact that it is a debt agreement.
Kevin replied that he was not interested in a straightforward equity purchase for 10 percent.
Mark stated that they should not accept the offer, as it would be foolish.
Lori went out again despite disliking the counteroffers. Kevin left, stating that he had no interest in an equity transaction.
Robert accepted the opportunity at a 15 percent risk. The three individuals declined, and Robert left.
They expressed ease with going away since they did not wish to depreciate themselves.
What Happened To Himalayan Dog Chew After Shark Tank?
Himalayan Dog Chew was extremely successful despite not accepting the offer, and it appears that they were already successful.
You can buy them on the Himalayan Dog Chew company’s website, on Amazon, and retail establishments worldwide.
You can find their dog blog, The Dog Blog, on the company’s website, and they post cute dog videos on their social media pages.
There are around 10,000 followers, which is decent for a market with a small audience.
The company has also introduced its newest product, Ruff Roots, made from the roots of Mediterranean Heathland trees and shrubs.
The company also offers “Distinctive Dog” snacks, including peanut butter macaroons and sweet potato carrot cakes.
In January, one of the company’s proprietors, Sujan Shrestha, had the privilege of giving a Ted Talk.
Himalayan Dog Chew Shark Tank Update
Sujan and Nishes Shrestha of Washington, the makers of Himalayan Dog Chew Suman, presented their firm on Shark Tank in February 2015.
They approached the Tank requesting a $750,000 investment in exchange for 5% equity.
Himalayan Dog Chew had $5.6 million in sales the year before appearing on Shark Tank; thus, the valuation was not unreasonable. Unfortunately, the brother left the Tank empty-handed.
Himalayan Pet Supply has expanded into additional pet categories, including snacks (yakyPUFF, leanlix), toys (bones, balls), and accessories, following their appearance on Shark Tank (leashes, collars, beds). In 2019, they will mark their 12th year in business.
The company changed its name to Himalayan Pet when it added new items. This company’s products are available at most major pet retailers and on Amazon and Chewy.
According to the latest available data, Himalayan Dog Chew is still in business, with annual revenue of $11 million as of May 2022.
Is Himalayan Dog Chew Still In Business?
Following its recent success with the Himalayan Dog Chew on Shark Tank, Himalayan Pet Supply has expanded its offering to include treats, toys, and apparel for pets of all kinds. The company will celebrate its 15th anniversary in 2022.
Himalayan Dog Chew is still in business as of May 2022, with annual revenue of $11 million.
What Is the Net Worth Of Himalayan Dog Chew?
The valuation of Himalayan Dog Chew was $1.5 Million when it appeared on Shark Tank.
However, with annual sales of $11 Million, the net worth of Himalayan Dog Chew is around $10 million.