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. 

GET THE BIGGEST ENTERTAINMENT STORIES
STRAIGHT TO YOUR INBOX.

MORE STORIES

Although Miley turned the cold shoulder to Jesse initially, the two of them were together by the end of 'Hannah Montana.'
12 hours ago
Season 2 episode 13 of 'The Pitt' will bring back a surprise union from Noah Wyle's 'ER' days and also introduce his wife, Sara Wyle.
12 hours ago
The popularity of 'Hannah Montana' kept the show on air for 4 seasons, with Airbnb now allowing fans to spend a night in the Malibu beach house.
14 hours ago
The sinking of the Northern Star unleashes pandemonium within the city, and this is what could happen in episode 2 of 'Daredevil: Born Again' Season 2
14 hours ago
Apart from playing Director Leon Vance, Rocky Carroll has also directed several episodes of 'NCIS' starting from Season 12.
16 hours ago
Director Leon Vance, played by Rocky Carroll, worked tirelessly to restore the agency, but his fate was met with a twist no one expected.
17 hours ago
Matthew Lillard lends a chilly presence in his first interaction with Vanessa Fisk (Ayelet Zurer) in 'Daredevil: Born Again' Season 2.
18 hours ago
The latest episode of the ABC series reveals the involvement of a major political candidate in Roman's disappearance
19 hours ago
Miley Cyrus revisits her ‘Hannah Montana’ era with surprises, candid confessions, and unexpected moments.
20 hours ago
The premiere of 'Daredevil' Season 2 teases the return of a major Netflix Marvel hero, one who Matt Murdock is very familiar with
21 hours ago