News

Chi’Lantro Lands Deal with Shark Tank’s Barbara Corcoran

Published by
Hayden Walker
Share

On Friday, November 11, 2016, Jae Kim, Founder of Chi’Lantro, landed a deal on ABC’s “Shark Tank” with real estate mogul and business expert, Barbara Corcoran, for his Korean BBQ-inspired restaurant concept that gets its name from a combination of the words “kimchi” and “cilantro.” Impressed by Kim’s drive and successful business growth since founding the company in 2010, Corcoran offered Chi’Lantro $600,000 for 20 percent equity.

“Barbara is the perfect person for Chi’Lantro’s growth,” said Kim. “She values the culture of Chi’Lantro and sees and trusts my vision to grow our company into a billion dollar company. Barbara grew her company from having nothing, so she was able to relate how I continue to grow my company today.”

In his third and successful attempt at trying out for Shark Tank, Kim won the Sharks over with his Korean BBQ inspired cuisine and his inspiring business story. As an immigrant raised by a single mother, Kim overcame challenges throughout his life to achieve his entrepreneurial dream. Using everything he had, Kim maxed out his credit cards and used his entire savings to create the successful multi-location business that is now Chi’Lantro.

What started as one food truck, Kim and his team have expanded to four brick and mortar locations across Austin, Texas, a full-service catering department and a homemade kimchi facility. With 25 percent year-over-year growth since its inception and projections to reach $6 million in sales in 2016, Chi’Lantro’s proven track record of steady growth and profitability solidified Corcoran’s faith in the company as an investable, scalable business.
With this funding, Chi’Lantro plans to continue its expansion, bringing its diverse, Korean BBQ-inspired cuisine throughout Texas and beyond.

For more information, visit www.chilantrobbq.com. Follow on Facebook @ChilantroBBQ, Twitter @ChiLantroBBQ and Instagram @Chilantro.

Hayden Walker

Hayden Walker is the Editor in Chief and Director of Operations for Austin Food Magazine

Recent Posts

Introducing Brass Poppy: Hotel Van Zandt’s Newest Bar Concept

Hotel Van Zandt is thrilled to announce the upcoming launch of Brass Poppy – a…

4 days ago

Best Spots for Mother’s Day In Austin 2024

As Mother's Day approaches, it's time to celebrate our favorite ladies who nurture and support…

1 week ago

Parable Wines: Crafting a Narrative in Every Bottle

Fred Eppright, a Texas businessman rooted in commercial real estate, might seem an unlikely candidate…

1 week ago

Arriba Abajo Rooftop Cantina

Excitement fills the air in downtown Austin as Arriba Abajo Rooftop Cantina, the city's freshest…

2 weeks ago

Best Spots To Celebrate Cinco De Mayo in Austin

As Cinco de Mayo approaches, it's worth noting that this significant day commemorates the Mexican…

2 weeks ago

Introducing Prélude – Chef Mathew Peters’ Culinary Overture to Austin

Austin foodies and cocktail enthusiasts have a new reason for excitement. Chef Mathew Peters, the…

2 weeks ago