Rapid Ramen Cooker Net Worth 2023: What Happened After Shark Tank?

A microwave oven device called a “Rapid Ramen Cooker” is made to fix the problem that instant noodles don’t cook as quickly as they say. It will cut the time it takes to boil Ramen noodles in half and use one-third less water.

Students, who are often short on time, will save time and money by buying the cooker from an online store.

The founder of the Rapid Ramen Cooker made it a year ago before he went on Shark Tank. The show says that this way of making noodles is the fastest and easiest way to make noodles in the world.

The Rapid Ramen Cooker can be bought both online and in stores all over the world. You can also buy the same set of two Rapid Ramen Cookers from Amazon for $12.99 or QVC for $17.16.

Who Is The Founder Of Rapid Ramen Cooker?

Chris Johnson started a rapid Ramen Cooker. Johnson concluded that he could cut down on the time it took to make Top Ramen in a microwave by changing the shape of the bowl it came in. Johnson was attending school at the University of California, Davis, then.

Making the Rapid Ramen Cooker took a lot of time, work, and trial and error. He made a device that lets college students and chefs who want to save money cook food in half the time and with half as much water as before. Then has made their lives much more accessible.

Chris also said that this way of making Ramen noodles is the quickest and least complicated way to do it. Johnson wants to be a giant whale in his field soon.

Rapid Ramen Cooker Shark Tank Appearance

In the third episode of the fifth season of “Shark Tank,” Chris Johnson went to the sharks to ask for a $300,000 investment in exchange for a 10% stake in his “Rapid Ramen” company. The main office of the company is in Sacramento, California.

https://youtu.be/qjFR-DxGSK0

Only a few days passed before all of his ramen cookers were bought. During the presentation, Chris’s online business sold four Quick Ramen cookers every minute. Overall, he had made a profit of well over $160,000 from the sales.

He also said that he needed help with money to make the goods, even though he had several orders to fill. So, he joined “Shark Tank.” When Mark Cuban discovers that Chris Johnson won’t sell the company for $3 million, he fires Chris Johnson.

Kevin O’Leary offered $300,000, which would be paid back at $1.10 for every unit sold until the $300,000 was gone. Then, Kevin would get a royalty of fifty cents for every Rapid Ramen Cooker that was sold. Robert Herjavec bought the Rapid Ramen Cooker for $300,000 for a 40% share of the company.

Kevin O’Leary and Robert Herjavec offered $300,000 for a 25% stake in the Rapid Ramen Cooker. Before getting their money back, they would have to pay a 75-cent royalty for each Rapid Ramen Cooker they sold. When The debt was paid off, each person would earn 25 cents per Rapid Ramen Cooker sold.

After leaving the procedure early, Mark decided to make a new offer. He offers $150,000 for 20% of the company’s ownership plus an additional $150,000 as a loan.

Chris says he’s more than willing to take this offer if it’s lowered to 15% equity in the company, and he thinks the company should think about this. Chris agreed to Mark Cuban’s offer of $150,000 for a 15% share of Rapid Ramen Cooker and a loan of the same amount.

What Happened To Rapid Ramen Cooker After Shark Tank?

Rapid Ramen Cookers took over the market after their first appearance on the show and have been selling well ever since. Mark and Chris still need to finish their agreement to work together after the broadcast.

Still, Rapid Ramen has cornered the retail market, and CVS, Walgreens, Heb, and Raleys will all sell Rapid Cooker in all of their stores across the country. By the end of 2014, the inventors had made improvements to their Rapid Ramen Cooker. They made a new model that could cook mac and cheese, rice, brownies, pizza, and even oatmeal.

In the second half of 2016, he joined forces with Nissin Foods. Also, they have made a top-of-the-line ramen cooker that will be sold in every store in the world. During its time on Shark Tank, the Rapid Ramen Cooker was worth $30,000.

Chris worked hard for his business, and it paid off when he was finally given permission to use Disney characters in ads for his business. After the show, it didn’t take long for Chris and his Rapid Ramen Cooker to become famous around the world. The name of the company, “Chris,” shows how the company does business.

What Is The Net Worth Of Rapid Ramen Cooker?

The Rapid Ramen Cooker was worth $3 million when it was on Shark Tank. As of 2023, the Rapid Ramen Cooker is worth $5 million and has made $55 million in sales over its lifetime.

Is Rapid Ramen Cooker Still In Business?

Yes, as of 2023, Rapid Ramen Cooker is still in business and doing very well for itself.

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