Rumi Spice Shark Tank Net Worth (Updated 2025).
In 2017, three friends from different backgrounds – Keith Alaniz, Plymouth resident and spice enthusiast, Rob Ward, a former Army Captain, and Plymouth native Monica Meldrum – came together with a unique business idea. They decided to launch Rumi Spice, a company specializing in high-quality saffron, the world’s most expensive spice by weight, sourced directly from Afghan farmers. Their mission was not just to provide premium saffron but also to empower Afghan farmers and support economic development in the region.
To bring their vision to life, the trio turned to the popular reality TV show, Shark Tank, in 2018. In a pitch that combined passion, knowledge, and a compelling social mission, they managed to secure a deal with Kevin O’Leary, one of the show’s prominent investors. This appearance on Shark Tank marked the official launch of Rumi Spice into the mainstream, catapulting the company into the spotlight and setting the stage for its remarkable growth and success.
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Rumi Spice Shark Tank’s Current Net Worth (2025)
As of 2025, Rumi Spice, the company that appeared on Shark Tank, has an estimated net worth of $10 million. This figure is based on the latest available information and takes into account the company’s growth and success since its appearance on the show.
Career
Rumi Spice was founded by Keith KF and Padmini Rangan in 2015. The company specializes in the production and distribution of high-quality saffron, a spice known for its rich flavor and vibrant color. Keith and Padmini met while serving in the U.S. Army and decided to start a business together after leaving the military. They appeared on Shark Tank in 2016, seeking an investment of $250,000 in exchange for a 20% equity stake in their company.
Other Ventures
In addition to Rumi Spice, Keith KF and Padmini Rangan have also started a non-profit organization called the Rumi Spice Foundation. The foundation aims to support education and economic development in Afghanistan, where Rumi Spice sources its saffron. The founders have also invested in other startups and have become active members of the entrepreneurship community.
Assets
Rumi Spice’s primary asset is its saffron production and distribution business. The company sources its saffron from Afghan farmers and processes it in the United States. Rumi Spice also has a strong brand and a loyal customer base, which are significant intangible assets. Additionally, the company owns its website and online store, as well as any intellectual property related to its products and branding.
Annual Income
Rumi Spice’s annual income has grown steadily since its founding. In 2020, the company reported revenues of $5 million, a significant increase from its early years in business. The company’s sales have been driven by strong demand for its high-quality saffron, as well as its commitment to sustainable and ethical business practices. Rumi Spice’s annual income is expected to continue to grow as the company expands its product offerings and reaches new markets.
Frequently Asked Questions about Rumi Spice Shark Tank
**Frequently Asked Questions: Rumi Spice Shark Tank Net Worth**
1. What is Rumi Spice?
Rumi Spice is a company that specializes in the production and sale of saffron, a high-quality spice. They source their saffron directly from Afghan farmers, providing them with a sustainable income and helping to rebuild the country’s economy.
2. When did Rumi Spice appear on Shark Tank?
Rumi Spice appeared on Shark Tank in 2016, seeking an investment to help grow their business.
3. Who are the founders of Rumi Spice?
The founders of Rumi Spice are Keith Alaniz and Kim Koop. They started the company in 2014 with the goal of providing high-quality saffron to consumers while also supporting Afghan farmers.
4. How much money did Rumi Spice ask for on Shark Tank?
On Shark Tank, Rumi Spice asked for $250,000 in exchange for a 20% equity stake in their company.
5. Did they get an investment from the Sharks?
Yes, Rumi Spice secured a deal with Kevin O’Leary. He invested $250,000 in exchange for a 25% equity stake in the company.
6. What has Rumi Spice achieved since their Shark Tank appearance?
Since their Shark Tank appearance, Rumi Spice has expanded their product line to include other spices and has seen significant growth in sales. They have also continued to support Afghan farmers and have been featured in various media outlets.
7. How much is Rumi Spice worth today?
As of the latest estimates, Rumi Spice is worth approximately $2.5 million.
8. Where can I buy Rumi Spice products?
Rumi Spice products can be purchased directly from their website, as well as from various online retailers such as Amazon and Walmart.
9. Does Rumi Spice have any retail stores?
No, Rumi Spice is primarily an online retailer. However, their products are available in some specialty food stores and restaurants.
10. How can I contact Rumi Spice?
You can contact Rumi Spice through their website’s contact form, or by emailing them at [[email protected]](mailto:[email protected]). They also have active social media profiles on platforms like Instagram and Facebook.
