Rumi Spice

saffron imported from Afghanistan

Fell ThroughFood & BeverageSeason 8, Episode 23Chicago, ILWebsite

What Happened Next

Deal Fell Through

Deal with Mark Cuban did not finalize; company later raised VC independently

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The Rumi Spice Shark Tank Pitch

Rumi Spice, from Chicago, IL, pitched on Shark Tank Season 8, Episode 23, which aired Friday, May 5, 2017, asking for $250,000 for 5% of the company — a $5M valuation.

Mark Cuban agreed to invest $250,000 for 15% equity, valuing the company at $1.7M. The deal fell through after the show. Deal with Mark Cuban did not finalize; company later raised VC independently.

Watch the Pitch

Pitch Details

Aired: S8E23May 5, 2017
Ask: $250,000for 5%
Ask Valuation: $5M

Deal Terms

Terms agreed on air. The deal did not close.

Amount: $250,000
Equity: 15%
Valuation: $1.7M

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Rumi Spice Afghan Saffron (1g)
Hand-harvested premium Afghan saffron threads, ethically sourced directly from women farmers. Sweet, rich, and complex flavor.