Wellingtons Shark Tank Update (Season 15)

Highlights

Arya Alexander and Tasha Alexander sought $200,000 for 10% equity in their company at a $2 million valuation.

All 5 Sharks declined to invest in the company because it wasn’t yet profitable.

Within 4 days of the episode airing, 5,000 new customers joined, and total sales reached $600,000.

Entrepreneurs Arya Alexander and Tasha Alexander pitched their frozen Beef Wellington food business on Shark Tank Season 15. Their brand, “Wellingtons LA,” also known as “We Prep. You Bake,” offers a variety of foods like Beef Wellingtons, Cheeseburger Welly, Cheeseburger Wellington, and more.

They needed not only investment but also the Sharks’ connections to make their frozen Wellingtons available in nationwide big-box retail stores. So, did any of the Sharks invest in their business? Let’s find out.

Company NameWellingtons LA
Founder/Co-FounderArya Alexander and Tasha Alexander
Founded2020
Productlines of Wellington foods
Asked For$200k for 10% equity
Final DealNo Deals
SharkNo Sharks
EpisodeS15 E3
Air DateOct 13th, 2023
Business StatusIn Business
WebsiteVisit Website
HeadquartersLos Angeles, California, United States
Annual (Revenue)$1M *estimated
Worth / Valuation$2 Million
Buy and WatchBuy NowAmazon Prime

What Is the Background of The Founder?

Wellingtons LA Co-Founders Arya Alexander and Tasha Alexander
image; Shark Tank Dgepress/ABC Network.

Arya Alexander and Anastasia (Tasha) Alexander are the co-founders of Wellingtons LA, a food company they started in 2020.

Arya serves as the Chief Executive Officer of the company, while Tasha, who has expertise in business development, is currently working as an e-commerce manager at Anita Ko Jewelry Company as of September 2024.

Business Pitch Episode Recap

Arya and Tasha asked the Sharks for $200,000 in exchange for 10% equity in their company, valuing it at $2 million. During their pitch, they explained their frozen Wellingtons food business, highlighting that their frozen Wellingtons can be baked in the oven for 35 minutes and will be ready to eat.

All five Sharks tasted Arya and Tasha’s Wellington food, and they really liked it. Arya shared that they sell their Classic Welly for $35, with a total cost, including kitchen labor, of $9.41. They sell all their frozen foods through Goldbelly and their official website, making their business primarily direct-to-consumer (D2C).

Barbara Corcoran asked, “Are you trying to move away from Goldbelly to your own website for all of your orders?” Arya responded that their goal is to make their products available in 1,200 grocery stores nationwide, but he feels the business is still premature.

Mark Cuban asked about their sales. Arya explained that last year they made $313,000 in sales, with $240,000 coming from Goldbelly. However, the downside is that they also had a $260,000 loss last year.

Kevin O’Leary, who sells various meats like sous vide sirloin roasts, prime rib, and filet mignon on QVC under Chef Wonderful, sees himself as a competitor. He suggested to Arya and Tasha that they should consider changing their business model because their current model isn’t profitable. With that advice, he decided to opt out.

Michael Rubin feels that the business is too small, so he is out.

Mark Cuban thinks it’s a great product but feels it’s expensive to ship. He suggested Arya and Tasha find a better way to sell their product, so he is out.

Lori Greiner doesn’t like eating a lot of meat, so she is out.

Barbara said, “I’m kind of on the fence about it,” and she isn’t confident about the business’s growth. So, she is out.

Sharks Offers list!

SharksOffers
Michael RubinNo Offer
Kevin O’LearyNo Offer
Mark CubanNo Offer
Barbara CorcoranNo Offer
Lori GreinerNo Offer
Founder’s (Countered)No Counters
Final DealsNo Deals

Wellingtons Shark Tank Update

After the episode aired, sales for Wellingtons skyrocketed. In just 4 days, 5,000 new customers placed orders on their official website, generating a total of $600,000 in sales within one week.

The company has also been featured on QVC and American Idol. During our research, we discovered that co-founder Tasha is now working full-time as an eCommerce Manager at Anita Ko Jewelry Company.

Check out Shark Tank Season 15 Business Update.

You can see some businesses from Season 15 here.

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Biswajit Nayak

Biswajit Nayak is the Founder and Owner of the Shark Tank Products Website. His journey with ABC's Shark Tank TV Show began in 2019, and since then, he has become an expert in predicting which deals will be secured and which ones will not. My Reddit Profile

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