| Information | Details |
|---|---|
| Full Name | Yumble |
| Yumble Start Date | June 2017 |
| Yumble Founders | Joanna and David Parker |
| Yumble Age | 8 Years |
| Yumble Started Country | United States |
| Service | Food Service |
| Yumble Social Media | yumblefoods |
| Yumble Owner Social Media | joannasparker |
| Net Worth | $8 million |
Short Bio of Yumble
Yumble, a trailblazing meal delivery service for kids, has transformed how parents handle mealtime. Launched in 2016, Yumble leads the way in offering convenient, healthy meals aimed at busy families who want nutritious options for their kids.
The company drew considerable attention after being featured on the well-known TV show Shark Tank, where its initial valuation was around $8.3 million. This exposure helped boost Yumble’s profile, emphasizing its focus on merging ease with health, catering to parents who seek both quality and convenience in feeding their children. This unique approach has significantly influenced Yumble’s net worth and its position in the meal delivery market.
Who are the Founders of Yumble?
Joanna and David Parker are the dynamic duo behind the success of Yumble. Motivated by their desire to make mealtime easier for parents and healthier for children, they started the company in 2016. Joanna, drawing from her own experiences as a mom, had a clear vision of what she wanted to achieve, while David brought his entrepreneurial skills to the table.
Together, they founded Yumble, grounding it in values such as health, convenience, and the overall well-being of families. These core principles have not only guided Yumble’s operations but have also significantly contributed to its market presence and value, enhancing Yumble’s net worth in the competitive meal delivery landscape.
What Type of Meals Does Yumble Offer?
Yumble excels in offering a variety of healthy, child-friendly meals that cater to young palates and their nutritional requirements. Their offerings include favorites like mac & cheese bites, chicken parmesan, and veggie burritos. Each dish is designed for simple preparation, mirroring the wholesome quality of a meal made at home. Yumble is the perfect solution for parents who want to quickly serve delicious and nutritious food to their kids. This dedication to health and convenience not only serves the needs of busy families but also enhances the company’s value in the market, contributing to Yumble’s net worth.
How is Yumble’s Business Model Structured?
Yumble has adopted a subscription-based business model, which is a smart approach that allows families to choose plans that fit their needs. They offer weekly meal plans with options for 6, 12, or 24 meals, making it easy for customers to scale their orders based on their specific requirements. This model not only ensures a consistent flow of income for the company but also helps in managing inventory effectively and keeping customers coming back.
What sets Yumble apart is its commitment to making mealtime fun and nutritious for kids. Each meal package includes child-friendly food and engaging activities, making eating more than just about nutrition. This unique approach has not only attracted many families but has also played a significant role in increasing Yumble’s net worth as they continue to expand their reach and impact in the meal delivery market.
How Can We Assess Yumble’s Financial Progress?
Since it started, Yumble has shown impressive financial growth. It kicked off with $1.5 million in seed funding in 2017, which significantly increased to $7 million in Series A funding by the following year. With total investments surpassing $10 million, Yumble has smartly allocated funds towards marketing, developing new products, and broadening its distribution channels.
These deliberate investments have paid off, as seen in Yumble’s strong sales performance and the steady increase in its customer base across the country. This success underscores the effectiveness of Yumble’s pricing strategy and its solid position in the market. As a result, Yumble’s net worth continues to grow, reflecting its ongoing expansion and the increasing trust of its customers.
How Much Money Does Yumble Have?
Yumble has raised over $15 million since its feature on “Shark Tank,” according to data from Crunchbase. This substantial funding has helped expand their meal delivery service and has been vital for the business’s growth.
On Shark Tank, Yumble also secured a significant investment from Kevin O’Leary, who put $1 million into the business for a 20% share. This deal didn’t just bring in more money but also created a strategic partnership that has been crucial for Yumble’s advancement in the competitive meal delivery industry.
The combination of financial support and strategic partnerships has been instrumental in boosting Yumble’s presence in the market. As a result, Yumble’s net worth has seen a positive impact, reflecting its continued expansion and success in the sector.
How much does Yumble cost?
Yumble provides a variety of meal plans starting at $8.99 per meal, making it easy for customers to pick options that suit their family’s needs. The price of these plans can change depending on how many meals you choose and where you need them shipped.
This pricing strategy is set up to fit different budgets and tastes, ensuring that families from various areas can take advantage of Yumble’s healthy and convenient meal offerings.
The adaptable pricing not only helps meet the dietary preferences and financial capabilities of a diverse customer base but also plays a significant role in enhancing Yumble’s market reach. This flexibility in pricing has contributed positively to Yumble’s net worth, as it continues to attract and retain customers looking for easy and nutritious meal solutions for their families.
What Happened to Yumble at Shark Tank Pitch?
During their pitch on Shark Tank, Yumble’s founders, David and Joanna, were praised by all the Sharks for their creative business concept and its potential in the market. Their presentation, which highlighted Yumble’s innovative approach to solving mealtime challenges, impressed the panel. Kevin O’Leary, often called Mr. Wonderful, saw great potential in Yumble and made a significant investment offer of $1 million for a 20% stake in the company.
This proposal underscored his belief in Yumble’s potential for success. Although other Sharks were interested and presented their offers, David and Joanna chose to go with Kevin O’Leary’s deal. They felt that his investment and partnership would most effectively aid Yumble’s growth and help them stand out in the busy meal delivery sector.
This strategic partnership has likely played a crucial role in increasing Yumble’s net worth as it continues to expand and capture more of the market.
What Happened to Yumble After Shark Tank?
After their appearance on Shark Tank, Yumble saw impressive growth and success. The company received additional funding from various investors, which helped them expand their services to all 50 states in the U.S.
This expansion allowed Yumble to reach more customers and significantly improve its customer retention rates. Now, Yumble’s meal delivery service provides thousands of families across the country with easy access to healthy, kid-friendly meals. This growth highlights their dedication to making mealtime simpler for parents and ensuring that children get nutritious and tasty meals.
This ongoing success has positively impacted Yumble’s net worth, showcasing its ability to thrive and expand in the competitive meal delivery industry.
Yumble – Net Worth
Yumble was initially valued at around $8.3 million during its Shark Tank pitch. By 2021, the company’s annual sales revenue was estimated to be about $8 million. Over the years, Yumble has shown significant growth despite some fluctuations. In 2018, the company had lifetime sales of $1.3 million. Investor Bethenny Frankel has been a crucial supporter in Yumble’s journey, helping them navigate the competitive market.
Yumble’s continuous growth and expanding customer base have positively impacted Yumble’s net worth, reflecting its success in providing convenient and healthy meal solutions for families across the United States.
FAQs
1 When did the Yumble Start?
Yumble was Started in 2017.
2 Who are the Founders of Yumble?
Joanna and David Parker are the founders of Yumble.
3 What is the Net Worth of Yumble?
Yumble’s Net Worth is about $8 Million.
4 Who is the CEO of Yumble?
David Parker currently holds two positions: CEO and Co-Founder of Yumble, as well as CEO and Co-Founder of Vowch Commonwealth.
Wrap Up
Yumble, founded by Joanna and David Parker in 2017, has revolutionized mealtime for families by providing convenient and nutritious meal delivery services for kids. With a subscription-based model offering flexibility and customization, Yumble ensures that parents can easily provide healthy meals for their children. After gaining significant attention on Shark Tank, Yumble secured substantial investments, including $1 million from Kevin O’Leary.
This financial backing and strategic partnerships have driven Yumble’s impressive growth and expansion across all 50 states. The company’s commitment to health, convenience, and family well-being has not only increased its market presence but also positively impacted Yumble’s net worth, solidifying its position as a leader in the meal delivery industry.
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