Cave Shake Shark Tank Updates 2022: What Happened to Cave Shake after $250k deal with Charles Barkley?

cave shake shark tank

What Is Cave Shake, Exactly?

Cave Smoothie is a dairy-free, gluten-free, and low-carb coconut milkshake that is ready to drink. There are three flavors to choose from vanilla, chocolate, and coffee. It’s the perfect paleo or keto snack (or meal substitute).

Cave Shake was created by Holly Heath and Billie Cavallaro of Los Angeles. Long-time friends Holly and Billie decided to put their own take on Keto diets, and here is how it all began.

cave shake shark tank

To fulfill cravings while avoiding dairy, carbohydrates, sugar, and gluten, the duo created delicious smoothies. Cave Shake was a category pioneer, offering Paleo and Keto dieters a ready-to-drink Keto shake as a meal replacement.

More Details on Product:

Company Name Cave Shake
Founder Billie Cavallaro and Holly Heath
Product Cave Shake Keto Milk Shake
Investment Seeking $250,000 for 10% Equity in Cave Shake
Final Deal $250,000 for 20% Equity in Cave Shake
Shark Charles Barkley
Episode Episode 4 Season 10
Status In Business

Who Are the Brains Behind Cave Shake?

cave shake shark tank

Cave Shake was founded by Holly Heath and Billie Cavallaro of Los Angeles. The ketogenic diet is really popular right now. It’s a high-fat, low-carb diet that puts your body into a metabolic state called ketosis. This means that if the body doesn’t have enough glucose for energy, it will burn fat stored in the body.

The Cave Drink is a vegan, paleo, gluten-free, grain-free, dairy-free dessert shake made with organic coconut milk and high in Medium Chain Triglycerides (MCTs), a type of fat that is essential for health and vitality.

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The shakes, which taste like melting ice cream, come in three flavors (chocolate, vanilla, and coffee), each having 320 calories, 32 grams of mostly saturated fat, 6 to 7 grams of carbohydrate, and 2 to 3 grams of protein in each serving. For those on the Keto diet, a smoothie can be utilized to replace a meal.

The Cave Shake does not come cheap. It works out to $8 per bottle at $71.91 for a nine-pack. They taste like melting ice cream, according to consumer feedback. They’re available online, on Amazon, and at Whole Foods Markets throughout Southern California, as well as dozens of other markets.

Cave Shake’s Shark Tank Pitch: What Happened?

To Help Them Expand Their Distribution, Holly Heath and Billie Decided to Present Their Goods to Shark Tank Investors. Holly and Billie Appear on Shark Tank, Seeking $250,000 in Exchange for A 10% Interest in Their $2.5 Million Firm.

A Song and A Skit Make up Their Pitch. They Distribute Samples After They’re Completed. Because It Includes Stevia, Robert Thinks It Tastes Odd. They Go Through the Basics of Ketosis Before Diving Into the Numbers.

It Costs $1.86 to Make Each Container and $7.99 to Sell It. for The Time Being, They’re Exclusively Accessible at Southern California’s Specialty Food Stores. In 2017, They Made $270,000 in Sales, While in 2018, They Made $182,000 in Sales. They Gave 15 Percent of Their Firm to La Libations, a Beverage Industry Incubator.

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When Kevin O’Leary Asks About the Incubator’s Royalty Policy, Billie Says They Pay a Percentage of Sales Over $10,000. Kevin Decided to Leave Since He Didn’t Enjoy It. Robert Herjavec Dislikes the Flavour and Is Perplexed by The Branding, so He’s Out.

Mark Cuban Has Resigned Because He Feels It Will Be Too Much Effort. Lori Greiner Also Resigns, Leaving Charles Barkley to Fend for Himself. He Then Makes a $250,000 Offer for A 20% Share in The Company.

When They Try to Persuade Him to Go Lower, He Refuses. the Deal Is Finally Closed, and The Pitch Concludes with An Agreement.

After Shark Tank, What Happened to Cave Shake?

cave shake shark tank

Cave Shake Developed to Become One of Shark Tank’s Success Stories when The Transaction with Charles Was Consummated, Albeit Under a New Moniker (space Shake). Following Its Introduction on Shark Tank, the Keto Diet Gained Popular in California.

The Owners Are Collaborating with Their Partner La Libations to Expand the Company’s Borders Outside of Southern California, with The Objective of Establishing a Growing Infrastructure.

Cave Shake Is Offered on Amazon and May Be Sent Anywhere in The World, Despite the fact that It Is Currently only Available in Southern California. The Duo’s Offering Brought in $270,000 in 2017, with $182,000 in Year-Over-Year Sales.

The Product Is Now Available at 87 Whole Foods Locations in California, Six in Hawaii, and 25 Others Around the Us as Of June 2021. They May Also Be Found on Amazon. the Yearly Revenue of The Corporation Is $3 Million.

Cave Shake’s Net Worth:

During the Pitch, the Company Was Valued at $2.5 Million; Following Charles Barkley’s Investment, the Company Was Valued at $1.25 Million. The Firm Expects to Earn $3 Million in Sales in 2022. This Indicates that The Firm’s Net Value Has Increased.

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