Rumi Spice Shark Tank Tale

Shark Tank Pitch Recap

In Season 8 Episode 23, Emily Miller, Kim Jung and Keith Alaniz appeared on Shark Tank seeking $250,000 for 5% for their ethically source Afghan saffron and spices, Rumi Spice.

Here’s a quick recap before we dive into the Rumi Spice Shark Tank update.

• : He loves what they are doing but the product is just too expensive for the everyday person.
  Out
• : She’s a huge foodie and she loves everything they’re doing but she personally doesn’t like Saffron.
  Out
• : He loves the story, but they lost him at 5% net income. It’s also a problem for him that they know nothing about their numbers and they don’t know their business.
  Out
• : He likes the mission and wants to make them an offer – but they can’t make a counter offer.
  Offer: $250K for 15%
• : He was going to offer $250K for 25% because he thinks they’re at the start of their business but he’s not willing to compete with Mark.
  Out