Mark Cuban, a venture capitalist from popular television show Shark Tank, recently invested $250,000 USD in Snacklins -- a DC-based vegan pork rind company. Cuban successfully negotiated a 5-percent stake plus 5 percent in advisory sales with Snacklins.
Snakclins aims to bring in over 4$ million in sales this year from the sale of its low-calorie chips that are made using yuca (egan prok rinds) and mushrooms. "We’ve grown 10-fold in the past year, selling in about 850 stores nationwide. We started off in about 36 stores a year and a half ago,” Kobrosly told the Sharks. “From mom-and-pops, to national chains such as Whole Foods, Walmart, and 7-Eleven.”
We can expect to see more investments in vegan companies as the demand for plant-based foods grows.
Why This Trend Is Growing
- Plant-based Snacks
- Opportunity to invest in innovative startups that create plant-based snacks and chips with unique ingredients, like Snacklins' yuca and mushroom-based vegan pork rinds.
- Vegan Diet
- Veganism as a rising trend creates opportunities for companies to cater to the growing demand for plant-based food products like Snacklins.
- Alternative Protein
- Investing in alternative protein startups, like Snacklins, that offer low-calorie and sustainable snacks made with innovative ingredients such as yuca and mushroom.
Industries Being Reshaped
- Plant-based Food
- Companies in the plant-based food industry have the potential to disrupt traditional snack food market by offering new alternatives to classic snacks such as pork rinds.
- Alternative Protein
- Alternative protein industry can offer innovative snacking options that cater to consumers looking for low-carb, high protein, and low calorie diets.
- Food Investment
- With the growing trend towards veganism, there is a growing market for innovative and disruptive food startups that seek investors willing to help them grow and scale.
