Sharks Call BULL On $25 Million Vegan Bacon Estimate! | Shark Tank AUS

Young entrepreneur Kjetil Hansen has invented a way for vegans to enjoy the taste of bacon without feeling bad... 'Deliciou' - a vegetarian bacon-flavored seasoning that has a valuation of $1.2m. Kjetil predicts a financial year worth $25M which sends Janine through the roof!
Company Website: www.deliciou.com/
An international sensation, Shark Tank AUS features entrepreneurs pitching for investment in the Tank from our Sharks, five venture capitalists willing to invest their own money in exchange for equity.
As Seen On Shark Tank Australia Products: amzn.to/2ZJBbyf
Shark Tank US Products Collection: amzn.to/3bMNjmI
#SharkTank #Bacon #Business

[@darecoaster9086]

That guy played the chair switch perfectly. Actually a beast.

[@stevethea5250]

I would've said I accept your deal lol

[@cptseagull]

Classic. Excellent work on his behalf. Haha.

[@stanniskins]

First I thought he was just sit there awkwardly but he did it

[@Accidental26]

He looked like Martin odegaard at that moment

[@peterfehr7441]

Got to admire Steve. Told him well done and shook his hand

[@willkelly2783]

For anyone wondering, they are now doing approximately $20 million in revenue.

[@swaraligujar4074]

No they just filled for bankruptcy

[@krisb-travel]

@@swaraligujar4074 link or you're just a troll

[@willkelly2783]

@Swarali Gujar give me proof

[@JonathanGeb]

They filed for bankruptcy, they got beat out by competition.

[@krisb-travel]

just read a recent article, yep they're still alive and killing it, $3 million dollars in sales last month!

[@FrenchViking466]

If i had the chance to sit in Steven’s chair i would had finished with “where are you from mate?”

[@dumbmoot1708]

Why?

[@MrAnderson3]

LOLLLLL SO TRUE

[@travis.g__]

@@dumbmoot1708 Uhhh because thats what steve always asks....

[@AngrySkipperGC]

This is such a missed opportunity hahaha.

[@zhabiz5153]

🤣🤣🤣

[@8888k]

Revenue of 21.5 Million now, he’s doing great. The product is even in Woolworths.

[@vickbum7766]

Lachy. In 3 weeks?

[@manishabasnyat3576]

🤣🤣🤣 might be.. but not even possible in 3 weeks 🤣🤣🤣🤣🤣🤣🤣

[@biziluxgames8924]

@@vickbum7766 do you think this episode was filmed 3 weeks ago? loool

[@nosleepbtw169]

Vick BUm this episode aired in 2017

[@kanem7169]

Where did you get that information from?

[@Gojoe107]

"I'll be in that chair one day" love that line

[@SMA1mommy]

I will be waiting for him

[@user-bn8vd9jv1y]

already made 20 million in revenue, if he made that much in 3 years he definitely going on that chair

[@kareemhuntfan6529]

@@user-bn8vd9jv1y revenue, not made. He has to split that also among taxes and employers.

[@user-bn8vd9jv1y]

@@kareemhuntfan6529 oh thx for pointing that out, still tho 20 mill in 3 yrs is rlly good

[@wioi]

@@kareemhuntfan6529 lmao. Nobody splits anything with their employees. 🤦‍♀️🤦‍♀️🤦‍♀️🤦‍♀️

[@Osh_wij]

Janine your comments didn't age too well😂😂, He's doing over 20 million now

[@qswedasf]

"He's" not making even close to that... The manufacturer/Supplier which owns the recipe does. His just a face, no IP.

[@Youngdolphforlife]

W R Andrew bought the manufacturer out so actually he’s doing great... shove that one of ur butt

[@kay0946]

@@qswedasf no way Andrew would sign the deal without solving that problem so you better listen carefully before Expressing your thoughts.

[@csanton3946]

its because of Andrew

[@mhf0gamer]

She was right though. His projection claim was $25M in the next financial year. It was definitely bait they're not gonna take. Sure he can reach that $25M, but in the next year? Even with $300k investment, it's dubious at best.

[@jihedjaouabi7623]

I like how Andrew see things, how he goes through the problems and sees the opportunity even when things are shady, all along with his politeness, that's why I like him.

[@oopoklioo]

Andrew didnt go with the deal after the show though.

[@pauljones4763]

Andrew is a boss. He said is going to get the IP and go from there. Now this entrepreneur is a success

[@narutofire332]

I love the guy. He adds SO MUCH value. Well worth 44% equity.

[@instalocktaka9628]

Did he get the ip?

[@pauljones4763]

@@instalocktaka9628 most likely they got the IP because this entrepreneur ended up making millions of dollars after accepting Andrew's offer. It was in the news this company has grown since appearing on the show.

[@EvelineYunita1989]

@@instalocktaka9628 they even already sell it here in Indonesia

[@ao.ch3]

@@EvelineYunita1989 ohh really? i'm in jakarta right now where do they sell it?

[@jamesstemmler7620]

"Vegan Bacon" in title... reality... NOT vegan it's vegetarian, and it's NOT substitute bacon it's bacon flavoured SEASONING. Such a misleading title on this one...

[@EbikeAdventuresSD]

James Stemmler The recipe has been updated since according to the website.

[@MitchellTF]

I mean, that really only matters if you're the kind of person who is actually interested in Vegetarian Bacon Seasoning.

[@MitchellTF]

Relevant: kzbin.info/www/bejne/hIebc594gNqjfq8

[@jnnorelien9267]

True

[@myopinonz]

_The title also refers to his 'sales projection' as an " Estimate" crap titles, they need to fire the title guy._

[@narutofire332]

This business is EXPLODING now with Andrew's guidance. Lovely to see!

[@levantateyora9317]

It grew?

[@Luca-qg8co]

@@levantateyora9317 yea 25mil estimation

[@mitch131]

I thought the deal didn't end up going through doing the checks stage

[@windyyywindyyy5466]

update he made 500k that year and 7 to 12 million for next year was a success

[@shreygupta2108]

Source please

[@Gunner77269]

Love that 7-12 range

[@jnnorelien9267]

@@shreygupta2108 yh

[@Daltic639]

Yeah ive seen this in supermarkets i aus. Pretty successful

[@NoisR]

Revenue $21.50 Million

[@frigityfresh]

For anyone wondering in 2021, his valuation is $65 million 😂 good job Andrew!

[@madhuraedavayyanamath715]

Damn! That’s really impressive. If its not too much, can you please share the source of this info?

[@ryanmorgan9589]

@K B he is still a millionaire though

[@user-jo3go8fe3g]

Whaaaattttt

[@ThatDerp]

he made it in America. he is earning big now.

[@NoisR]

Revenue $21.50 Million

[@ew4316]

Not surprised. I’m American, and that is the perfect product to take here.

[@Vanessa-zu1yl]

That’s awesome . Yea big market in the USA definitely! And i see now it’s vegan and vegetarian, would sky rocket. I mean people love bacon and specially vegans can supplement to their foods who don’t eat the actual meats and vegetarians. Glad this guy was able to be successful good for him!

[@jamesfishburn3316]

@@NoisR revenue measn nothing whats his profit / margin!

[@NoisR]

@@jamesfishburn3316 Revenue tells u alot

[@robertmoss9136]

Australia Shark Tank:" I love your idea & great pitch but I'm out" US Shark Tank: " Your a cockaroach , your pitch sucks, and your gonna fail"

[@JRHainsworth]

UK Shark Tank is Dragon's Den.

[@robertmoss9136]

@@JRHainsworth Meant to say Australia lol thanks I fixed it

[@chumimotchannel9909]

@@JRHainsworth Hell yeah 😁

[@depurasangre86]

"Im out....now let's kick his ass too"

[@pipedown7969]

Idk in my opinion I think telling new entrepreneurs that they are great and have a great idea, when you know that’s not the case, is disingenuous. I appreciate the honesty of the US sharks sometimes in being real and not just trying to coddle the people pitching because they are nice people. Might do more harm than good for them in the long run.

[@shivinunitholi2493]

I can imagine Mark Cuban sitting where Steve sits and shouting "he's an idiot, he's ba-con artist"

[@13facebookqueen]

He said “one day I’ll be here”

[@alysellscars]

I don’t think he wants to be there lol

[@apolloaegletes7322]

I'm glad he accepted Andrew's offer. Andrew's offer was really good. I understand setting limits, but you need to be realistic too. And now, thanks to Andrew helping him get the Intellectual Property rights to that recipe, the guy is now doing exceptionally well with the business.

[@zydhas2838]

@K B Even if he only owns 20% of the company, apparently it was last valued at around 60 million so dudes already made it for life.

[@crAzyfists23]

I really like Andrew. After watching this video, my respect for him has increased even further.

[@Dannyboyy86]

Me too! He seems like a good hearted guy.

[@dylansweigart3902]

21.5 mill in revenue. Yet another business owner making Janine eat her words😂😂

[@papplman]

His business is now valued at $65 million!!! genuinely incredible

[@dannemannen18]

Missed opportunity to ask Steve where he's from

[@harrisonyardney4148]

Amazing!

[@shrihara]

He asks only when he is impressed in idea

[@Kyroemadethat]

For anyone wondering this company is now doing over a million a month in revenue 🤲🏼

[@felathar1985]

god damn!

[@stephenhosking7384]

This went almost exactly as the "Over the Moo" non-dairy ice-cream. Impressive pitch, impressive, young guy pitching. They loved the product, then a shark asked "Do you have the IP". "No, my supplier does". Janine tells him that as soon as he's successful the supplier will just double the price. Everyone out in minutes. But with this one, there was a surprise ending. Then, in real life, both companies very successful. One with a shark, and one without. The one with the shark seems to be doing better.

[@niteshprabhu6791]

I don't think the supplier will double the price, even they need business, why kill a cashflow by suddenly doubling the price?

[@AlishaArlene]

5:52 “One day I'll be here." And ya know what? Seeing as how his business has BLOWN up and he's actually achieved 20+ million in sales , just as he said he would, he very well may!

[@Eidolon1andOnly]

He said he would achieve 20+ million in a single year after the investment, which he didn't, so no, he didn't do as he said he would. Successful? Yes, definitely, and he's going strong, but don't confuse the 20+ million he achieved over several years as the 25 million he said he'd make in the following year after investment.

[@politicos2182]

@@Eidolon1andOnly You must be fun at parties...

[@AshleighGreaves93]

@@politicos2182 right?

[@jonathanescobar3699]

@@Eidolon1andOnly 🍪 here and ur invited to my party 😕

[@wioi]

@@Eidolon1andOnly he achieved it in only 3 years. Now that's huge.

[@tyndni]

Andrew is always my favourite. Perfect partner for this guy so strategic.

[@VeryEvilGM]

When Andrew started talking in Norwegian secret code, it was a start for their cooperation.

[@VJ-bn1qg]

44% and deal , that’s a beautiful negotiation

[@kevinmartincossiolozano8245]

Because it was pretty generous. His business made 60k, and he received 300k for 44%. He knew that he couldn't get any better.

[@CONNNE]

If the business is really going to worth 25m$ next year, with that extra 1% he can get Porsche 911 Turbo and still have money for some hookers

[@stevenphan4453]

connn3 he makes so much money now lmao

[@AakarshDureha]

@@CONNNE The 25M amount is the estimated revenue. 1 precent would be from the net profit or the bottom line. That would be a much lower amount.

[@droneshotsantoine1805]

@@CONNNE it's already 21.5 mil.

[@vorpal22]

Every time I see Janine's fake smile when an entrepreneur enters the tank, I want to slap the "I'm out" off of it.

[@amanamath1521]

I soo agree with you! I hate her 😂

[@siweq1986]

i don't get this joke. She invested most money from all AU sharks in seasons 1 & 2

[@rileyjdavies]

I will fuck you up, she is a QUEEN 😂

[@felixgomez7369]

Cougar material whachu mean

[@nath-wp7xp]

vorpal22 ffs let her smile. She looks cute and she’s not hurting anyone.

[@michaelversace4441]

Oh my god he's using the seaweed! There is a seaweed they discovered that for some reason tastes like bacon when heated. He actually marketed it! Good on him!

[@AlphaCentauri24]

WTF did Steve think the Entrepreneur would say by making him sit in his chair? "You are stupid, mate. That's an insane valuation."?? LOL

[@ImDead1nside]

AlphaCentauri24 he had to fart so he was just looking for an excuse to stand up

[@zhabiz5153]

@@ImDead1nside 😂😂😂 Genius

[@GSungaila]

Well, in the end he sold 44% for 300k, so he valued his business 681k. So Steve was right, the business was extremely overvalued.

[@helpabrothawithasubisaiah5316]

@@GSungaila well typically they try to talk you down from whatever you ask... so it can be a good strategy to over value it, I've seen it backfire also though

[@EliaS-hq9yu]

Current valuation of this business is showing at 65M, this was done in May 2021

[@maverickd6214]

I’d invest in this guy. He’s a great witty guy and I love him

[@linuarts5014]

And his company now makes 25 mill

[@cptobvious1228]

@@linuarts5014 Are you looking for a wow so you can give an explanation in your next comment? HAHAHAHAHAHAH 🤣😂

[@Jesse0Lucas]

Make the titles actually normal about the show, you get enough traction just for it being a shark tank product, don't need to clickbait

[@rodrigoflohr5556]

I was never expecting Janine to be the one calling bullshit hahaha

[@darshgarg2272]

The dude makes half a million dollars a month now!

[@Niggalodeon323]

how the hell is it vegan if it has dairy in it?!! 🤣🤣🤣

[@gcbryan89]

Dumb title.

[@TXBelle915]

They changed the recipe and it is now vegan.

[@saucy3788]

@@gcbryan89 lool

[@kagekitsune98_56]

Its vegetarian,, not vegan,, vegetarians drink milk

[@MarFutbolero]

VEGETERIAN

[@thriftflipfire3501]

Wow, just checked out the website. There is a pop up window that says "such and such from somewhere just bought insert product". There is a pop up literally every 3 seconds and most were for the combo packs of all of the different blends that he proposed in the show that he wanted to make. Well done, mate - he actually achieved his vision and I imagine that he is now worth the estimated value that he proposed.

[@Swikjeganzie]

That is actually a plug-in that they installed. Those pop ups of customers buying products is not real. It's an app that can be added to e-commerce stores.

[@AvoidVanity]

He sells more then $500,000 of it a month. Just read the article on him they even said they could sell 1 million dollars of it this month.

[@TechInspected]

The popups aren't real. But I hear the seasoning is doing well regardless of the fake sale popups.

[@joesr31]

Lol are you 7yo or 70yo? You know those pop ups aren’t actually real right?

[@DBsNature]

they likely believe there are a lot of hot young singles in their area.@@joesr31

[@ethanhuntakabobturner4285]

"Bacon flavoured balls" had me

[@chosen_one1602]

Shark was brilliant. Deal contingent upon owning the recipe. The other sharks didn't have the vision!

[@jadelaj3289]

I LOVEEEEE HOW HE DIDNT JUST JUMP IN BUT TOOK 20 sec for himself to make his own choice

[@RJSAMCRO]

Best of Luck to him I would love to sit in on the meeting with Andrew and get product ownership transferred that's gonna be a heck of a negotiation

[@angcil88]

Oh I'd love to sit next to them just to watch the entire negotiation process! I may learn a lot from that!

[@shemk]

I guarantee you his lawyers will do most of the talking

[@pctx1030]

Maybe he made him "an offer he couldn't refuse".

[@glarenova]

Patrick Chen what like $0.99 and 69 chicken nuggets

[@ethank5681]

This is the literally first time I have ever seen Steve from a different angle ever

[@tr7287]

"One day I'll be here". I love that. But honestly, there's no flavor seasoning out there already? That's absurd to me. I like seeing Naomi's mouth like that.

[@v1kt0us]

He should have said: "what about 40-60"; instead of: "so would you be able to come down".

[@FilmTruth]

C'mon! "What do you think?" @ 5:19 LOVE IT

[@Monkechnology]

5:15 Steve: What do you think? Kjetil: I'm in [Steve machine broke]

[@paulinhok3405]

Ive watched about 7 of these videos from Australia and have yet to see a deal be completed

[@Eidolon1andOnly]

But a deal was completed with this one, and the business is booming.

[@gamewithadam7235]

5:15 - Steve made him read his notes that said "Where are ya from mate?"

[@blakeprato8554]

I’m happy for this kid, he earned and deserved this W forsure

[@AotearoaChef]

I think what people often forget is would you rather own 100% of a business worth $100k or 50% of a business worth $10million. People forget how helpful having a shark can be. Short of having a game changing product that doesn’t need help and you just come on for the free advertising I would take most deals they threw at me

[@chrisasst]

Has there been an update show for this one?

[@ashwinitakane7417]

8:05 Steve threw a little good bye jab in there, cause the kid was being oversmart haha

[@noonelistensus5496]

The company now has a total worth of 65 million dollars!! Andrew really saw the potential

[@ItsAsparageese]

This and the other seasonings pitch I've seen have left me with just one question ... WHO THE HELL PAYS $20 FOR A SINGLE BOTTLE OF EFFING SEASONING

[@kirkjohnson9353]

He has a twin brother with the same name who sells seafood- but that's a different Kjetil of fish.

[@Bennevisie]

😂 Dude...

[@joshcaputo1701]

bro had me dying 😭😭😭😭

[@everetthancock2043]

Goddammit...

[@kennethsmoglian8407]

Very humble, great product and I like the way Kettle holds himself with integrity. He would be open, honest and transparent to work with.

[@eddiemglass]

As soon as Andrew made his offer, I feared that his right wrist was about to be broken by Kjetil's handshake.

[@AlphaCentauri24]

LOL Andrew! Yes the manufacturer is promptly going to give away their IP to you sitting with this lad. LOLz!

[@randomrangoon5476]

Right on for Steve. I hope his point was well taken. At the end of the day they all mean well I like to believe.

[@ad_2211]

Fantastic product, my kids love the “chicken” and bacon seasoning.

[@ashleythegamer8552]

"One Day I'll Be Here." **Camera pans to Janine shaking in her chair; knowing her time is near**

[@Jaydoggie1]

this guy would be soo rich by now its everywhere all over the US market now

[@arrowb3408]

Spot on, Great Shark to bring up the applicant's origin by his accent. Hahaha... at least, we can identify the person's culture background from accent. Love to see the other vet Shark questioned a series of professional food additives question. Really impressive.

[@tomchazzaidortega8459]

The sharks meets MR. BEAST young youtuber with like 20 million In taxes in just a year

[@tomchazzaidortega8459]

Actually Mr.beast mentioned about an idea coming soon that's involved shark tank......just check it out on 100Theives "Podcast" with nadeshot and Courage... Nadeshot had an idea about the SHARK TANK thing And MR.BEAST Just says we have something similar to that planned... MAYBE? MAYBE NOT?

[@carpii]

10:13 - Naomi just sat looking like a $15 inflatable love doll

[@user-tu7rh2hr1n]

😂 ur brain

[@OakApplegardens]

No, they look far more like like, so I'm told of course. Lol.

[@revisedcandy4295]

1:54 he literally said "kettle" :D

[@jokesuniverse8469]

Do anyone knows how to get on shark tank?

[@Jobson85]

Now THAT surprised me! I mean.. after there was only Andrew left I thought "well that's about it". Than checked there was still 4 minutes left like wait a minute!

[@kk-pi4hj]

Andrew Banks really invested in the guy more than anything else. I would too if I was in his spot. Dude sounds real!

[@turtle9294]

Holy crap his company blew up what a success story

[@hitts8928]

latest 2021 valuation was : US$49.2mn (A$65mn)

[@phoneh3071]

Deliciou is now valued at 65 million dollaros! Well done mate.

[@Luleph]

When andrew invest he does it good...

[@ThomasShelby-uq8cz]

I just bought some. I can't wait to try it

[@axxnub]

Steve looks so much like the TF2 sniper, especially when he stood up

[@HilariousPranksYO]

anyone curious valuation is now 65m

[@Rovsau]

High evaluations lead to higher investor equity. Entrepreneurs who want to keep equity should ask for loans. Personally, I would prefer a shark with a high equity stake in my company. They will probably quadrouple the value either way, and invest more of their time to shape the business.

[@dash0173]

WOW steve wasn't the one to ask where they're from for once!

[@Dannyboyy86]

I'm still trying to recover my equilibrium from such a surprise!

[@anniemedicalmassage]

SMART MOVE FOR THAT SHARK.... I'm in the USA and tons of people are jumping on the Vegan train. This guy is going to do GREAT!!!!

[@JoacoBravo11]

I like that he saya this show inspired him to start his own business! I believe this is the case of many of us watching, it is a great show!

[@rarity2006]

That's the first episode of shark tank where I have enthusiastically applauded at the end

[@mahbubmo]

Steve was just mad Andrew got to ask his favorite question. He had to do something different.

[@nitrohite]

The product actually worked amazingly and its so so damn good, he's doing REALLY well.

[@hydrastrategy6844]

“Thanks for coming Steve!” 😂 The sharks enjoyed that

[@bimmere36classic94]

He could have tried to bring it down ..to almost %30. But the sharks sems that they teamed up and provoked him to accept 45%-44% You can see Naomi and Glen slightly disappointed face right after he accepted 44%

[@invictuz4803]

Wow lol, he should have just said, are you willing to come down to 40% knowing that sharks won't budge more than 5%. Lost out on 4% of his company, but would have been worst if he walked out with no deal.

[@willx2018]

Update, I didn't find any current numbers but they seem to be doing really well and really expanded.

[@debfox]

For those that are curious, I just googled it. It's now worth $65 million Aus and $49.2 million US.

[@joeschmoe13106]

Steve looks so different standing up

[@bjrnandreasgundersen4311]

I like how they pernounces his name like "Kettle"

[@tiffanynillson982]

Apparently deliciou has a valuation of 65 million now. It’s in supermarkets and in the US

[@ethanreches5508]

I thought about "vegetables flavoured seasoning" contain only bacon for carnivores.

[@alimhdrum]

This might be the first shark tank product I actually buy

[@tarunlsoni]

This guy is killing it 21.5 mil in sales

[@kerimca98]

Ordered every single seasoning from Deliciou here, (14 of them) pretty satisfied with the product I gotta say My favourites are chicken and smoky bbq bacon

[@Lofibootleg]

love the editors' dramatic touch

[@RiverDanube]

I thought he said it was low in salt but it's made up of more than 70% salt.

[@awsometech7431]

Wow, I thought business school teaches you about business

[@marginatorshy1377]

AWSOME TECH 🤣😂

[@Brandon-yd3rk]

Well he managed to get a deal and get andrew to drop 1% lmao. This business with out the recipe is sketch. Yet he pulled it off.

[@marginatorshy1377]

Brandon well Andrew took a leap of faith on this young man

[@awsometech7431]

@@Brandon-yd3rk yes, but he almost pissed him off

[@ethank5681]

He ended up succeeding

[@CalLadyQED]

Why did they repeat the middle of it?

[@straw9707]

Andrew asked where he was from THATS STEVENS JOB BUD