Numilk bags $2 million deal, 'Shark Tank' fans ask why you can't 'make your own nut milk with a blender'

'Do people not know you can make your own oat milk with a blender?' questioned 'Shark Tank' fans after watching the Numilk machine pitch
UPDATED MAR 27, 2021
Joe Savino and Ari Tolwin, the founders of Numilk closed a deal with Mark Cuban, but fans still have their doubts about the product (Shark Tank/ ABC)
Joe Savino and Ari Tolwin, the founders of Numilk closed a deal with Mark Cuban, but fans still have their doubts about the product (Shark Tank/ ABC)

The plant-based diet is the latest dietary fad to take the world by storm. Thanks to its several health benefits and the philosophy of compassion towards animals, plant-based struck a chord with many people. So, many people began looking for vegan alternatives for all their dietary staples, such as milk.

Vegans have a whole range of options when it comes to vegan milk, from almond milk, oat milk, to sesame milk and macadamia nut milk, the consumers are spoilt for choice. But the vegan milk that's sold in the market is filled with gum, which negates all the health benefits of plant-based milk as it may cause digestive issues. So, Joe Savino and Ari Tolwin, two entrepreneurs from New York came up with the idea of creating their own milk machine for making plant-based milk called Numilk. They entered the tank with the hopes of reeling in a shark to invest a million dollars into their venture in exchange for a 5% stake in their company.

RELATED ARTICLES

Numilk on 'Shark Tank': What is the cost, who are the founders and how you can make plant-based milk using the machine

Rule Breaker on 'Shark Tank': What is the cost, who is the founder and where you can buy the delicious sweet treats?

Numilk machine provides customers with fresh plant-based milk of their choice in 30 seconds (Shark Tank/ ABC)

Savino and Tolwin explained their product and even gave a demonstration to show how easy it is to use. Although the Sharks unanimously agreed that the milk tasted exceptionally good, they had many concerns about the product itself. Barbara Corcoran, Lori Greiner, and Daymond John decided to sit out of making the deal based on concerns over getting space in grocery stores for installing the machine to, the tremendous loss that the company seems to be running under. Savino and Tolwin revealed that they experienced a loss of over $7 million since the brand's inception.

But Kevin O'Leary and Mark Cuban saw some potential in the product and made their offers. Kevin made an offer of $1 million as a loan at a 9.5% interest rate and 5% equity in the company. Mark followed it up with a more lucrative offer of $1 million for a 7% stake, and another optional $1 million as a loan at a 3% stake in advisory shares. The entrepreneurs happily closed the deal with Mark.

Mark Cuban closed the deal with Numilk founders for $2 million (Shark Tank/ ABC)

But fans weren't entirely convinced about the product itself. Numilk machine makes either almond or oats-based fresh milk within 30 seconds. But fans pointed out how the same thing can be done at home with blenders already present in the kitchens, thus questioning the need for a Numilk machine in the first place. A fan tweeted, "Can’t you make your own nut milk with a regular blender? #SharkTank #numilk." Another fan echoed similar thoughts with, "Do people not know you can make your own oat milk with a blender? #sharktank." Fans were also not impressed by the heavy losses the company was running under. "Seems too complicated and they loose money like crazy. #SharkTank," commented a fan.



 



 



 

What did you think of the Numilk machine? Let us know. 'Shark Tank' Season 12 airs every Sunday at 8/7c only on ABC. 

RELATED TOPICS SHARK TANK (2009)

GET THE BIGGEST ENTERTAINMENT STORIES
STRAIGHT TO YOUR INBOX.

MORE STORIES

The 'Stranger Things' series finale is set to drop on New Year's Eve and will be two hours and eight minutes in duration
1 hour ago
Although ‘Heated Rivalry’ was renewed early for season 2, creator Jacob Tierney says fans shouldn’t expect new episodes anytime soon.
2 hours ago
As ‘Stranger Things’ nears its finale with Season 5, a chilling fan theory may finally explain what the Upside Down truly is.
2 hours ago
'Stranger Things' Season 5 Volume 2 will premiere on Netflix on Thursday, December 25
10 hours ago
Set to premiere in 2027, the show is officially a full reboot of J.K. Rowling's beloved novels
11 hours ago
The zombie apocalypse series centers on a group of students who find themselves trapped inside their school, fighting to survive the deadly outbreak
12 hours ago
While 'Bridgerton' Season 4 is set to premiere on Thursday, January 29, 2026, fans can watch the first episode on Wednesday, January 14
12 hours ago
‘Stranger Things’ Season 5 drops it's penultimate set of episodes on Netflix on Christmas Day
19 hours ago
Rhea Seehorn explains what Carol’s choice means and how it changes the story moving forward to Season 2
1 day ago
Netflix has secured a new MGM deal to stream all 10 seasons of 'Stargate SG-1', bringing the iconic sci-fi series back into orbit
1 day ago