Banana Loca - Shark Tank Update

Banana coring and filling tool

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Season 13, Episode 9 Founded by Renee Heath and Bechara Jaoudeh In Business

Banana Loca Details

Shark Tank Episode Details

Founders Renee Heath and Bechara Jaoudeh
Air Date 2021-12-17
Season & Episode Season 13, Episode 9
Initial Ask $250K for 25.0% equity
Deal Details Got deal: $250K for 25.0% equity from Mark Cuban, Kevin O'Leary
Estimated Yearly Revenue $2 million+
Estimated Net Worth (4x estimated revenue) $8 million

The Shark Tank Pitch

Renee Heath and Bechara Jaoudeh stumbled upon one of those "why didn't I think of that" moments while trying to pack healthy snacks for their kids, leading them to develop Banana Loca, a ingeniously simple kitchen gadget that solves the age-old problem of making bananas more appealing and fun for children while creating an entirely new category of food preparation tools. Their innovation emerged from the frustration of watching perfectly good bananas go uneaten because kids found them boring, inspiring them to create a device that could hollow out bananas and fill them with delicious, nutritious treats like peanut butter, Nutella, honey, or fresh fruit purees that would transform ordinary bananas into exciting, Instagram-worthy snacks.

The Banana Loca system consists of a specialized coring tool that cleanly removes the center of a banana without damaging the peel, along with a filling tube that allows users to inject their favorite spreads and ingredients directly into the hollow space, creating what they call "the world's first edible, biodegradable food wrapper" that eliminates waste while maximizing nutrition and fun. The business partners recognized that their invention addressed multiple markets simultaneously: parents seeking healthier snack options for children, fitness enthusiasts looking for portable protein sources, and social media users wanting photogenic food experiences that would generate engagement and sharing across platforms.

Their product development journey included extensive testing to perfect the coring mechanism, experimenting with different filling techniques, and creating instruction materials that would help customers unlock the full creative potential of banana filling while maintaining food safety standards. When they entered Shark Tank seeking $250,000 for 25% equity at a $1 million valuation, Renee and Bechara had already demonstrated strong market validation through initial sales and customer feedback that confirmed their belief that people were hungry for innovative kitchen tools that could make healthy eating more engaging and enjoyable for both kids and adults.

Where Are They Now?

Banana Loca's Shark Tank pitch ended with Mark Cuban and Kevin O'Leary teaming up on an on-air agreement of $250,000 for 25% equity. The offer also included a $3 royalty per unit until their combined $250,000 investment was repaid, rather than a perpetual royalty.

The founders accepted after unsuccessfully asking to reduce the royalty to $2. The early post-show response was substantial: in a January 7, 2022 Philadelphia Business Journal interview, the founders reported shipping tens of thousands of units after the December broadcast.

That is a historical, founder-reported shipment figure, not a current revenue total. We found that the product's success stems from its ability to engage multiple generations simultaneously - children love the novelty and customization options, parents appreciate the health benefits and reduced food waste, and social media users enjoy creating and sharing visually appealing content featuring their banana creations.

The company has strategically expanded their online presence through Amazon and their company website while building brand awareness through social media marketing, cooking demonstrations, and partnerships with health and wellness influencers who appreciate the product's ability to make nutritious eating more exciting and accessible. October 4, 2026 update: we checked Banana Loca's official website, which still lists the original banana corer and filler alongside recipes and instructions for using, cleaning, and assembling it.

Its product listing includes uses with yogurt, honey, jam, peanut butter, and chocolate-hazelnut spread. This confirms an active product listing, not independently verified order fulfillment, current sales volume, or the Sharks' present ownership.

Revenue

$2 million+

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