Nowhere Bakery’s net worth is $1.6 million as of January 2024. They’re pulling in a whopping $770,000 in annual revenue. Nowhere Bakery, a healthy bakery products line, was started by Maurizio and Saphira Rasti in 2020.
In March 2024, they appeared on season 15 of Shark Tank USA and made a deal with Barbara Corcoran, for $200,000 for 12.5% equity ($100,000 as cash, and $100,000 as a line of credit, for 12.5% equity). The final valuation was $1.6 million, down from the founder’s initial estimate of $4 million.
Appearance on the show and winning a deal indicated positive growth for the business. At the moment, they offer a range of bakery products. You can purchase them from the company website or retail stores. Products are available in over 75 stores.
Nowhere Bakery Net Worth
| Net worth | $1.6 million (2024) |
| Annual Sales Revenue | $770,000 (2022) |
| Profits | $32,000 |
| Lifetime sales | Not available |
| Investor | Barbara Corcoran |
| Investment | $200,000 for 12.5% equity ($100,000 as cash, and $100,000 as a line of credit, for 12.5% equity) |
| Founders | Maurizio and Saphira Rasti |
| Employees | <10 |
Nowhere Bakery Net Worth Timeline
| Net Worth 2024 | $1.6 million |
| Net worth valuation in 2024 after appearing on Shark Tank | $1.6 million |
| Net worth valuation in 2024 before appearing on Shark Tank | $4 million |
Nowhere Bakery Pitch on Shark Tank
| Product | Healthy bakery products |
| Episode | Season 15 Episode 18 |
| Founders | Maurizio and Saphira Rasti |
| Asked for | $200,000 for 5% equity |
| Company name | Nowhere Bakery |
| Final deal | $200,000 for 12.5% equity ($100,000 as cash, and $100,000 as a line of credit, for 12.5% equity) |
| Shark | Barbara Corcoran |
| Location | Costa Mesa, California |
Don’t miss these products from Season 15
Nowhere Bakery Founders
Maurizio and Saphira Rasti founded Nowhere Bakery in 2020. They are a husband and wife entrepreneur duo. Maurizio is a graduate of Ohio State University, where he studied Business and Marketing. Saphira has a background in Fashion Business. Nowhere Bakery’s founders Maurizio and Saphira Rasti’s net worth is unknown as of 2024.
Key accomplishments
| Year | Accomplishment |
| 2022 | Winner of the Shelfie Award for best-selling item. |
| 2024 | The company was featured in Shark Tank USA and secured a deal. |
Conclusion
From their beginnings on Shark Tank to their current status as a thriving business, they have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for Nowhere Bakery and its continued success.