'Shark Tank' Season 15: I Love Chamoy founder Annie Leal turns down Kevin O'Leary's 'blood-sucking offer'
LOS ANGELES, CALIFORNIA: Many condiment firms have come and gone on 'Shark Tank', like Sienna Sauce's wing slathers and Slice of Sauce's solidified ketchup.
The 'Shark Tank' investors got a chance to sample I Love Chamoy's sugar-free Mexican sauces during Season 15, but things didn't turn out the way everyone would have hoped.
I Love Chamoy entrepreneur Annie Leal requested $300,000 for a 5 percent stake in her firm. Chamoy is a classic Mexican sweet sauce that may be found in a variety of cuisines.
Annie's feast is different from typical chamoy in that it is sugar-free, carb-free, and low in calories. Her company is a love letter to her heritage and the confectionery she grew up with.
Annie has now made $1.3 million in sales from her sweet sauce alone. She uses little promotion and sells straight to customers.
Barbara Corcoran and Lori Greiner refused to strike a deal, but Kevin O'Leary was eager. Mark Cuban stated that the product was not "his taste," so he walked away from making a deal.
Jason Blum said that he couldn't contribute any knowledge and pulled out. Mr Wonderful was the final Shark remaining, offering $300,000 in exchange for 15% ownership.
Kevin was giving Annie $300,000 for a 15% share, which was far more than Annie offered. The Sharks cautioned Annie against handing Kevin such a huge stake in their firm.
Annie was attempting to talk Kevin down from 15% to 12.5 percent, but he refused. "Stick to your guns, Annie!" Mark provided advice.
Annie was unwilling to give Kevin a 12.5 percent ownership in her firm, so she walked away from the arrangement.
Despite Kevin's disappointment, the rest of the Sharks praised her for not succumbing to Mr Wonderful.
On her way out, Annie revealed that she said no because it was a "blood-sucking offer."
Viewers question I Love Chamoy founder's appearance on 'Shark Tank' Season 15
Fans are wondering why Annie appeared on 'Shark Tank' but did not strike a deal.
On X, viewers wrote, "She doesn't need a shark." Another user chimed in, "I feel like I love chamoy is doing better by herself she doesn't need the sharks."
She doesn't need a shark
— "Love all, trust a few, do no wrong to none" (@Heather90337799) October 28, 2023
I feel like i love chamoy is doing better by herself she doesn't need the sharks#SharkTank
— phillykid215⚓ (@Rambots68) October 28, 2023
Based on Annie's reaction to Kevin's offer, one user tweeted, "Blood sucking offer? Has she ever seen this show? That was generous for." They further added, "15% is generous."
Blood sucking offer? Has she ever seen this show? That was generous for @kevinolearytv #sharktank
— Brooke (@CrazyBoothSocks) October 28, 2023
The fan further continued, claiming, "I’m convinced she didn’t go there to make a deal, she wanted her product promoted."
I’m convinced she didn’t go there to make a deal, she wanted her product promoted. #sharktank
— Brooke (@CrazyBoothSocks) October 28, 2023
What is the cost of I Love Chamoy?
Anyone interested in trying I Love Chamoy after watching it on 'Shark Tank' can do so at ilovechamoy.com. New customers who share an email receive 15% off their first order.
The product is available in three distinct variants on the internet. These include the Original, Chilli Mango, and Pickle flavors.
They cost $12 for each bottle, $35 for three, and $60 for six. For $35, you can get a variety pack that contains one bottle of each of the three flavors. It is also available for the same price on Amazon.
'Shark Tank' Season 15 airs on ABC on Fridays at 8 pm ET.
Missed episodes can also be viewed the next day on demand and on Hulu. Not just that, viewers can also watch old seasons and episodes on Amazon Prime Video and iTunes.
