Umaro is a bacon business which was featured in Shark Tank with a Net worth of $70 million and earning $7 million every year. Mark Cuban invested $1 million to purchase a 7% part of the business which has also raised over $12 million from funding outside. Umaro is currently operating all across 16 states of the USA. Umaro Shark Tank Net worth, Salary, its creator, and other information in 2025.
| Net Worth: | $75 Million |
| Name: | Umaro Shark Tank |
| Salary: | $7 million |
| Profession: | Food technology startup |
What is Umaro Shark Tank’s Net Worth?
Umaro’s net worth is estimated to be around $70 million by 2024. The company earns $7 million in annual revenue.
| Net Worth | $75 Million |
| Sales Revenue | $7 Million |
| Profit/Loss | -$410,000 |
| Lifetime Sales | $8.5 Million |
| Founder | Beth Zotter |
| Employees | 17 |
| Investor | Mark Cuban |
What exactly is Umaro Bacon? And who is the one who created Umaro Bacon?
Umaro Foods, an innovative food technology company based in Berkeley, CA and has come up with a plant-based bacon substitute known as Umaro bacon. It is made from red seaweed that mimics the flavor as well as texture bacon, while remaining entirely plant-based. The product launched in the year 2019 to mark the company’s first food item.
Umaro Bacon is a new natural protein source that is derived of purified seaweed extract. It’s sold in certain restaurants, such as Sorrel at San Francisco, Egg Shop in New York, and D’Andrews Bakery in Nashville. Umaro bacon offers a vegetarian option to bacon made from pork with less cholesterol and fat. It’s great for sandwiches without meat or vegan breakfasts. It is available in large quantities at WebstaurantStore.
Umaro Foods, founded by Beth Zotter and Amanda Stiles was awarded a $1 million capital investment by Mark Cuban after appearing on Shark Tank. The co-founders of the company offer healthy menus that preserve the flavor and texture.
Umaro Shark Tank Pitch
Umaro offered on Shark Tank for $500k in exchange for a stake of 2% in the business. Robert turned down the offer due to his dislike of the product, whereas Kevin suggested an investment of $500k, which would be exchanged for an 8 percent stake. Mark Cuban and Lori Greiner offer investment opportunities in Shark Tank. Mark proposes $1 million in exchange for a stake of 8 while Lori requests an 4% stake for $500,000.
The Founders are willing to offer Mark Cuban a 7% stake in the company for $1 million, and he agrees. The deal is signed within three months after due diligence.
Umaro Revenue
Umaro was on Shark Tank at the prototype stage but they had not achieved any sales until then. In the year after their appearance, Umaro expanded to twenty states and more than 110 restaurants. Umaro earns $390k a month but it’s still losing money as a result of its the investments in RandD. It will be profitable when it has a revenue of $12 million, which is expected within 10 months.
Umaro Expansion
Umaro Bacon is available in more than 150 establishments and is currently in discussions with Walmart to launch retail sales. With the help provided by Mark Cuban, Umaro plans to increase its distribution to more than 400 Walmart stores all across the USA.
Troubles with Mark Cuban
Mark Cuban invested $1 million in Umaro following Umaro’s participation on the show Shark Tank However, creative disagreements arose between the Umaro founders and Mark about the taste of the product and cost. Mark was insistent that Umaro should concentrate on enhancing the taste of the product and price which caused tension between the two.
There were tensions between the co-founders of the company and Mark Cuban, almost leading to his resignation. After several weeks of squabbling the founders finally listened to Mark’s suggestions, avoiding any potential PR issues.
Is Umaro Bacon Still In Business?
Umaro Bacon is still operating until 2023. the seaweed-based bacon is available within 9 US restaurants. Umaro Bacon is working to make it accessible to the public at large. The company has received additional investment by AgFunder as well as NBAplayer Chris Paul. Umaro Bacon is currently only accepting commercial orders through its website. It is trying to improve the quality of its products.