Jada Spices Chicken Salt is a company that makes vegan versions of some common cooking ingredients that are healthier.
All of the company’s products are healthy, vegan, free of genetically modified organisms (GMOs), and certified Kosher.
There are five types of their famous Chicken Salt, Turmeric Salt, Plant-Based Porkless Mix, Plant-Based Chicken Mix, and Plant-Based Mediterranean Chicken Mix, which are all part of their current product line.
Khasha Touloei came up with the idea for Jada Spices Chicken Salt. Before starting the company, Khasha focused on his schoolwork so that he could become a doctor.
In 2012, he got his degree from the College of Osteopathic Medicine of the Pacific in Pomona, California. Since then, he has become a board-certified dermatologist.
The trouble that a medical student was having gave Jada Spices Chicken Salt its idea.
During his D.O. studies, Khasha noticed that people with high blood pressure and type 2 diabetes didn’t always do what their doctors told them to do with their diet.
He thought that taste and flavor were the main reasons why people didn’t want to change, and he wondered if healthier foods could be made tastier, especially for people with weak health, so that more people would want to eat them.
Because of this, Jada Spices Chicken Salt and other plant-based vegan mixes were made. Khasha wanted to make healthy cooking easier, tastier, and, in the end, more available.
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Jada Spices: Net Worth 2022
Jada Spices: Chicken Salt is an American company that makes healthy food. It was started by a doctor, Khasha Touloei, who is a doctor. Jada Spices is an alternative way to eat for vegans. This company made this salt for people who are vegetarian or vegan, but anyone can eat it. In 2022, Jada Spices could have a net worth of $1.2 million. The founder has also certified that this food is free of genetically modified organisms (GMOs) and is Kosher, so people know that it is natural.
Who Started Jada Spices?
Khasha Touloei and Maynard Okereke came up with the idea for Jada Spices.
What Happened At The Shark Tank Pitch With Jada Spices?
Kasha is a dermatologist, and Maynard is an engineer and the founder of Hip Hop Science, a company that teaches kids about science, technology, engineering, and math (STEM).
Maynard also works full-time at FLOW Media Group, which is a digital agency for social media.
During the last two years, they did all of this while promoting their products at cooking shows all over the United States.
Khasha and Maynard make an offer of $250,000 for a 20% share of the company. This shows that $1.25 million is how much the company is worth.
They tell their story, give out samples, and then start to answer questions. When the Sharks try out different spices on different foods, they like how they taste.
The new Plant-Based Chicken Mix has impressed them. At home, you can make patties and nuggets that taste like chicken from a simple mix.
Each flavor of chicken salt costs about $0.80 to make and sells on Amazon for $8.99 and in stores for $4.99. Even though the profits were high and the pitch was good, most sharks didn’t want to get into the food and spices market.
Even though they like the taste, some Sharks are still wary. Mark was afraid to go into the market for food and spices. Kevin says he is worried that they are not focused enough and don’t have a clear plan for what to do next.
Lori also thinks that they aren’t quite there yet to be a company that people would want to invest in. On the other hand, Barbara Corcoran knows how to build and build up businesses like Jada Spices. She agrees to put up $250,000 in exchange for a 33 percent stake in the business.
After The Shark Tank Pitch, Jada Spices Became Famous.
As of July 2021, it looks like the deal with Barbara has broken down.
The company’s name was changed to Jada Brands because it added a lot of new items to its menu.
They mixed the vegan chicken with Mediterranean Chicken and a fake pork product.
What Did You Think Of Jada’s Spices On Shark Tank?
The sharks liked Jada Spices right away. They liked the taste of the salts and the taste of the plant-based chicken.
Khasha and Maynard said they had sold $319,000 in chicken salt in 2019 and were on track to sell about $500,000 in 2020, which made the impressions even stronger.
Investors For Jada Spices
The company’s founder went to Shark Tank Season 12 Episode 4 to find ways to grow his business, and he gave a very good presentation there. He talked about the good things about adding more spices in his presentation so that the investors would like it. Khasha Touloei, who started the company, asked for $250,000 in exchange for 20% of its shares. In exchange for his offer, Barbara Corcoran, an investor, signed a deal for $250,000 and 33 percent of the company.
Who Is Jada Spices’ Owner?
Khasha Touloei and Maynard Okereke, the founders of JADA Spices, went on ABC’s Shark Tank on Friday night to pitch their vegan spices. The entrepreneurs told the sharks about their business and asked for a $250,000 investment in exchange for 20% of the brand.
Is Jada Spices Successful?
Both of the people who started Jada Spices are successful in other areas of their lives. One is an engineer who runs a successful consulting business, and the other, who came from Iran, is a dermatologist who runs a successful business.