Doatnut: Shark Tank USA S16 Ep03, a Healthy Gluten-free Donuts Startup

Appeared on Shark Tank Season 16, Doatnut, is an Ocean Side, California, USA-based startup that sells healthy, gluten-free Donuts. Doatnut appeared in Shark Tank USA Season 16 Episode 03. The pitch was presented by founder Kimberly J. Aguirre aka Kimy. She was there to seek $100K in exchange for 10% equity.

What does Doatnut do?

Doatnut sells sugar-free, dairy-free and gluten-free donuts. Their donut recipe consists of only five ingredients ingredient of donut includes goats, sweet potato sugar, monk fruit, baking powder and egg whites. It also contains 2gm of fibre and only 90 calories. Kimy home mills fresh groats to make oat flour and ship the freshly made donuts.

Meet the Sharks: The Panel of Judges on Shark Tank USA.

Conclusion

The founder of Doatnut pitched her healthy, high-quality donuts on Shark Tank USA, Season 16, Episode 03. The sharks were impressed with the taste and quality of the donuts. Shark Kevin pointed out that Kimy lacked a clear business plan to scale as she was quite confused with the business model of the Doatnut. Shark Daymond and Kendra opted out by citing that they lack expertise in the food segment. However, Cuban and Lori were highly interested in the Doatnut. Together, they offered $150K for 30% equity. Kimy countered with a request for $200K for 20%, but the sharks countered with $200K for 30%. After some negotiation, Kimy accepted the offer and successfully secured the deal.

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