electra sports drink net worth

Fran Harris, a founder of Electra, scooped up a shark in a novel way on the show Shark Tank. This product provides people with energy without making them feel bloated. Fruit Punch Powerade functions like Electra Sports Drinks. Shein Business Model Breakdown: How Shein makes money? If a player wants to maintain his form, he must also focus on his physical health. As an Overseas Filipino Worker (OFW) then, I was fortunate to be able to save some money at that young age because of my work abroad. When Barbara hears of this, she offers $100,000 in addition to a $250,000 line of credit in return for 30% ownership of the company. They also sell a variety of branded clothing. CurlMix is a company that specializes on providing curly-haired, Read More What Happened to CurlMix After Shark Tank Pitch?Continue. Electra is multitalented and beautiful, all of which she has used to become one of the most famous faces in show business. We will address the most pressing questions related to the brands financial accomplishments, from its inception to its current standing in the market. The company has consistently invested in research and development to improve its existing formulations and create new products that cater to the evolving needs of athletes and fitness enthusiasts. What Happened to Wired Waffle After the Shark Tank Pitch? The company is still in business as of January 2022, and the yearly revenue has not been reported. He had wished Harris through the video. One serving is contained in each 16oz bottle of Electra. electra sports drink net worth. What Happened to Longhairs after Shark Tank Pitch? The Electra companys creator has put up $350,000 in exchange for 20% of his firms stock on Shark Tank. There is no indication that the deal has been completed, and the firm has not been posted on Barbaras website, implying that they are still in due diligence. During her pitch on Shark Tank, Harris asked for $200,000 for 20% of her business. During her appearance on Shark Tank Season 12 Episode 9, Fran Harris was seeking $350,000 for a 20% stake in her sports nutrition company, Electra. She asked for $200,000 in exchange for 20% of her business. Saudi Aramco Business Model: How Saudi Aramco makes money? Shark Tank Talks is not affiliated with or endorsed by any other company associated with ABC, Sony, the producers, and the television show Shark Tank. However, Greiner said, sports drinks are not her cup of tea and decided that she was out. Everything you need to know about MVP, Alpha, and Beta? The brand has employed a range of marketing strategies, from traditional advertising methods such as print, radio, and television to digital marketing campaigns on social media platforms and influencer partnerships. Barbara Corcoran agreed to invest $100,000 and provide a $250,000 line of credit for 30% of the company. This surprised the Sharks and prompted Shark Kevin OLeary to ask What is the plan for you to get distribution in the bone-crushing business?. What Happened ToElectraAfter Shark Tank? Electra contains vitamins B, C, and D, as well as antioxidants, often known as free-radical scavengers, which assist in the prevention of inflammation and other health issues such as heart disease. | Rules, and Formats, How to Play Hammer Golf Game? (The PSEi is an index Good news to all government employees! Orange. how do seals adapt to their environment list of level 1 trauma centers in california electra sports drink net worth. She led the University of Texas to an NCAA championship in 1986 and went on to become part of the Houston Comets team that won its first WNBA Championship in 1997. Electra Sports Drinks net worth is a testament to the brands success in creating a unique product that caters to the specific needs of athletes and fitness enthusiasts. Electra has not posted on Twitter since 2021, Facebook since early 2022, nor Instagram since summer 2022. What Happened To Truffle Shuffle After Shark Tank? She has been an announcer on ESPN and a life and business coach on Good Morning America, Today, CNN, CNBC, and MSNBC. What Happened to Potty safe After the Shark Tank pitch? The brand has collaborated with well-known athletes, fitness influencers, and sports teams, helping to raise its profile and generate increased interest in its products. She observed that when she used to play sports, she had to consume hydration drinks for 30 years, without any option available to them. This product is widely accessible in Walmart shops around the United States. The Philippines new tax reform bill, known as TRAIN orTax Reform for Acceleration and Inclusion, was signed into law on December 19, 2017 and its implementation began on January 1, 2018. This statement made all the sharks out of the deal. James Tupper Net Worth: Lets Dig IntoCanadian ActorLavish Life! Why Did Move Loot Shutdown? It also sells powder packs at a price of $19.99. Although the industry for hydration drinks is still relatively young, competition is heating up as more established companies enter the space. Even though she doesn't have as much wealth as the rest of the sharks, Barbara always comes off as a good-hearted person. With so many online customers looking for hydration, this is a very good targeted audience for us. She estimated the first production would cost between $20,000 and $30,000, and Harris indicated she was willing to take on the job. The Toilet Safe is a kid, Read More What Happened to Potty safe After the Shark Tank pitch?Continue, What Happened to Longhairs after Shark Tank Pitch? Fran said she needed it to run the production smoothly, to get the R and D done properly and the remaining would help in the marketing. After Harris revealed that she was in the talks with two Hall of Famers as potential investors, Corcoran agreed to lower equity. They certainly are! After coming from Electra Shark Tank, they were free marketing, there are many people who watch Shark Tank, because of this their sales increased for some time. As of August 2022, Electra is not yet available on HEB markets, it is currently selling only on its website. In the case of my credit card with BPI (Bank of the Philippine Islands), Im For a majority of Filipinos, entrepreneurship does not seem to be a typical, expected path. What Happened To Crispy Cones After The Shark Tank? Each 16 oz bottle only contains 60 calories. Shipping will cost between $6 and $12 depending on the area and form of dispatch for their 16 FL oz. On Season 12 of Shark Tank, former WNBA basketball champion Fran Harris pitched her new sports drink Electra. will be getting an automatic salary adjustment this 2022 under Before you take the plunge into stock trading and investing, make sure you understand what stocks are and how the Philippine Stock Exchange (PSE) operates. Each 16 oz bottle contains only 60 calories. Before coming to Imm3rsive, Shane wrote about comic books, labor, race, and a multitude of other topics, and his writings have also been featured in various renowned magazines. Founder asks Barbara Corcoran for her opinion on this business, Barbara talks about her old beverage business deal with a company called Chill Soda in Shark Tank Season 1 Episode 9, She had invested $50,000 in it but it got closed within the month and all her money was lost in it. Is Electra Beverages available for shipping? Price Floor and Price Ceiling of PSE Stocks, $100,000 cash plus $250,000 line of credit for 30% equity. What is Potty Safe? Electra is a sports hydration drink brand that appeared in Shark Tank. Does She drink? linktr.ee/idrinkelectra. Save my name, email, and website in this browser for the next time I comment. By analyzing Electra Sports Drinks net worth and the factors contributing to its financial success, we can gain valuable insights into the brands strengths, weaknesses, opportunities, and threats. From 1987 until 2018, the Philippine Stock Exchange index (PSEi) rose from 1,000 points to a peak of 9,000 points generating a return of 800% over 30 years. Fran Harris founded Electra to provide a better hydration option for major sports drink brands, targeting daily doers, hustlers, and athletes, according to the companys website. Dont forget to give it a good shake before serving. What were the Sharks offers for Electra? The amount of potassium for the amount of calories is really good. However, Mark Cubans existing deal with another sports drink brand restricts him from investing in competitors. If were talking about beverages, sports drinks fall into this category as well, but theyre not quite up to snuff. She helped the company launch in early 2020 with an IndieGoGo campaign that raised $7,212. Fran entered the pitch seeking for$350,000 for a 20% stake in her firm, which was valued at $1.75 million. And the company said it expects the sales of its drinks alone to hit $30 million in the next three years. With this information, Harris made a counteroffer for 25% equity for the same cash and line of credit deal. This is a line of beverages specifically designed to keep you hydrated. What Happened to Uro Club After Shark Tank Pitch? Electra Drink has also donated its 10% profit to STEM and Financial literacy programs to support water and food insecurity and is planning to go more into the retail segment. Harris then chose this time to reveal that she is in talks with an NFL Hall of Famer and an NBA Hall of Famer. She has been on Good Morning America, Nowadays, CNN, CNBC, and MSNBC as a life and business advisor, in addition to competing in collegiate and professional sports on television. Electra had a modest online presence, but as of 2023, it seems that Electra may have run out of energy. Fran, the companys founder, has been active in this field for many years, making her an expert in her field. The Sharks applauded her great pitch for her energy drink which she ended with an invitation to end the tyranny of these sugary sports drinks., Electra had only launched 10 days ago at the time of taping and has not sold anything yet. Minus Cal: What Happened After Shark Tank? There is no evidence of it, and it is not updated on the Barbara Corcoran website for her business list. If there is any other product or category than this, then confidence is useful in it but not in this business. March 22, 2023 | In hitman 3 vr mod | By . The brand has managed to secure shelf space in major retail chains, supermarkets, and convenience stores, making its products easily accessible to consumers. Fran went into the Tank seeking an investment of $200,000 in exchange for 20 percent equity. Mountain Berry Blast Xion 4, Mountain Berry Blast Powerade, Mixed Berry Powerade and. In an industry dominated by a giant, who better to challenge the incumbent than a brand started by a champion athlete? What episode was Electra Sports Drinks aired? She didnt like the hydration drink options on the market (a $23 billion business dominated by Gatorade), so she set out to make her own. . In the following sections, we will delve into the various factors that have contributed to Electras net worth, including its sales, partnerships, and endorsements. Electra is a sports hydration drink brand that appeared on Shark Tank Season 12 Episode 9. Unlike other investments that are relatively safe, stock trading is risky and loss of money is a possibility. Harris felt that the amount of equity in her Counter Offer was too high, but she still wants to maintain her 25% stake in the company. Everything you need to know about your Pitch Deck? Fran Harris, a former WNBA player in the United States who also played professionally in Switzerland, founded the company. This value is significantly lower than Fran Harrris valuation of $1.75 Million during her pitch to the Sharks. Electra Sports Drinks is a new sports drink beverage on the market. What Happened To The Blowzee After Shark Tank? What Happened to Sarah Oliver Handbags After the Shark Tank? Fran was seeking $350,000 for a 20% stake in the company, which was valued at $1.75 million on the show. Manage Settings This Electra energy drink company has been running for a long time and now it is running well in May 2020 as well. Electra Beverages accepts only credit cards as payment. Electra seems to have a modest online presence, but it is still in business. Harris felt that her sports drink, designed with physical wellness in mind, was a true winner. Wired Waffles was a company that made, Read More What Happened to Wired Waffle After the Shark Tank Pitch?Continue, What Happened to The Dough Bar After Shark Tank? ], Muff Waders: Beer Cooler Overalls Pitch Mark Cuban on Shark Tank Bingo!, l-r: Taylor Ness, Garrett Lamp of Muff Waders on Shark Tank (ABC), 2012-2023, 2paragraphs Productions, LLC. In Season 1, Episode 9 of Shark Tank, the firms creator seeks Barbara Corcorans advice after hearing about her previous business agreement with a company named Chill Soda. Despite early hardships, Electra seems to still be in business with a modest online presence. The drink is designed for both athletes and the average person on the go, as it contains essential vitamins, minerals, and electrolytes with very little sugar or sweeteners. Yes, they are finalizing the powder formulae. What Happened To Calm Strips After Shark Tank? According to the company website, they have since switched to NCZ Sweet, which is a natural, zero-calorie sweetener made from fermented sugarcane. The company also had a campaign on Indiegogo but interestingly, it only raised 72% of its $10,000 funding goal. Corcoran and Harris agreed on a deal: $100,000 in investment and a $250,000 line of After Shark Tank, she got funding and she paid marketing of her product through this fund. When the sharks asked why she needed an investment? Electra Beverages is a company that sells sports nourishment. If you love staying up-to-date on the latest and hottest Hollywood, Bollywood, Entertainment, and Tech-related news then Imm3rsive is the place you are looking for. The company was founded by a group of sports enthusiasts and nutritionists who identified a gap in the market for a sports drink that could cater to the specific needs of athletes. It was the first ST episode of the new year and we didn't disappoint. By investing in high-impact marketing campaigns and leveraging the power of social media and influencer marketing, Electra has been able to expand its customer base and increase sales, ultimately contributing to its net worth. This episode was re-aired for the first time just two months after it first aired. This prevents him from accepting the offer. So it fills the gap of sports Electra which provides an athletic drink mixed with Vitamins, Minerals, Electrolytes, Antioxidants, and Amino Acids. After this, Barbara negotiated and said that she would take 30%. [BONUS:StreamanyABC showthrough theABC GO Digital Appfound here. Welcome Bonus - 100% bonus on your first deposit up to 5 BTC, New players only. They provide a tasty and refreshing alternative to traditional sports beverages that helps with hydration while encouraging healthy living. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. does not carry Electra, and Electra currently only sells powdery mixes through its e-store. In 2022, Electras estimated net worth might reach $1.1 million. Kevin warns the founder that he needs more than just sales and confidence to succeed in business. Did Electra Sports Drink get a deal on the Shark Tank? Electra is an all-natural sports hydration drink that has less sugar, sodium, and artificial colors than other drinks on the market. The founder of the Electra Drink brand has asked for $350,000 in exchange for her companys 20% equity in Shark Tank. The companys originator saw a need in the market for a healthy sports drink and set out to fill that void. Rules & Strategy. What In January of 2021, she opened up shop in Texas as Electra Beverages. The founder of Electra, Fran Harris, is a former WNBA basketball star who created the drink because she was dissatisfied with the high sugar content of other sports drinks on the market. sports drink container, which costs $2.99. Fun Golf Betting Games | Spice Up Your Golf Game! This website uses cookies to improve your experience while you navigate through the website. Who are the founders of Electra Sports Drink? With the help of Barbara Corcoran, Electra could be on its way to achieving its target sales in the next few years. What exactly are The Longhairs? What Happened To OverEZ Chicken Coops After Shark Tank? What Happened to Potty safe After the Shark Tank pitch? It is mandatory to procure user consent prior to running these cookies on your website. According to Shark Tank Blog, Harris' unique idea of a healthy but efficient energy drink seemed to have caught the interest of at least one Shark, Barbara Corcoran. In 2022, she introduced powdered drink mixes. Electras marketing efforts have helped to raise brand awareness, generate consumer interest, and establish a strong brand identity. The founder of the Electra Drink brand, Fran Harris, asked for $350,000 in exchange for her companys 20% equity in Shark Tank. Why Did Stayzilla Fail? Can they believe a 16-ounce bottle of Electra contains just 60 calories, 9 grams of sugar, and NO added sugars? Orange and Litty Lemonade, are free of artificial colors or ingredients and each However, the deal was contingent on Harris landing a major athletic spokesperson. ), youll surely need the SWIFT Code of the bank. Orange. Touch device users, explore by touch or with swipe gestures. She said there are two famous celeb athletes who are willing to come on board for this business. She asked for $350,000 in exchange for 20% equity in her company. Hey friends my name is Dylan Minnette I am a Student of Bachelor of Arts. As of January 2022, the company is still in operation. Like other athletes, she consumed sports drinks throughout her collegiate and professional basketball careers. What happened to Electra Sports Drink after Shark Tank? Theres a new round of salary increases beginning January 1, 2022! Yes, She likes to go to the gym. During Season 12 Episode 9 of Shark Tank, Fran Harris appeared seeking $350,000 for a 20% stake in her sports nutrition company, Electra. What Happened To Kettle Gryp After Shark Tank? Their initial sales surged after they left the Electra Shark Tank because of the free advertising they received from appearing on the show. How is the Did you know that Philippine stocks were able to achieve an astounding growth of 800% in a span of 30 years? Coffee Meets Bagel Shark Tank Net Worth 2023. She wanted $350,000 in exchange for 20% ownership in the business. Electra Beverages is valued at $1.17 Million with Barbara Corcorans investment of $350,000 in combined cash and line of credit for 30% equity. How many servings are there in a bottle of Electra? The brand, however, is not so much active on its social media site Facebook, Twitter, and Instagram. Daymond John says he disagrees with Kevins view, but there are many difficulties in the field, so he cannot accept the position. The drink comes in a 16-ounce bottle containing electrolytes, vitamins, antioxidants, and amino acids. In the following sections, we will delve into the various factors that have contributed to Electras Majority of cardholders are familiar with this fee and majority of us likely pay this grudgingly year after year after year. They have a high rate of sales, and in addition to selling online, they also sell to stores. Electra Sports Drink has become a popular beverage in the world of sports and fitness, with its unique blend of electrolytes and nutrients designed to keep athletes hydrated and energized. WebWhen autocomplete results are available use up and down arrows to review and enter to select. As of June 2022, she was able to get her product into 172 HEBSupermarkets in Texas. She accepted an offer from Barbara of $100,000 Cash + $250,000 Line Of Credit For 30% Contingent on Securing Partnership with Influencer thus bringing valuation to be $333,333.33. Talking about the valuation of the hydration drinks market, it has a market value of USD 15.2 Billion which is growing slowly. After earning her Bachelor of Science and Master of Arts in Journalism from UT Austin, she returned to the school to earn her Master of Science in Technology Commercialization. The electrolytes in the product come This offer brought the companys valuation to $333,333.33. In this section, we will examine the challenges and competition Electra has faced, as well as how the brand has managed to differentiate itself and carve out a niche in the sports drink market. Fran Harris was asking for $350,000 for 20% equity in Electra Sports Drinks. Dunning Kruger effect: Why it matters in business? They are retailers who wants to carry Electra, how do they connect? Also Read: Patrick Carney Net Worth: A Real-Time Update on Richer Life! Brand Electra is a sports drink that was featured on the show Shark Tank. Fran Harris is the founder of Electra Sports Drinks. If not, all bets are off, countered Corcoran. She wanted to create a tough competition for Gatorade. A significant factorin Electra Sports Drinks financial success has been its strong sales performance and extensive distribution network. Electra founder Fran Harris pitched well enough that the Sharks liked the business, so Barbara Corcoran invested $100,000 Cash + a $250,000 Line Of Credit For 30% Contingent On Securing a Partnership With an Influencer in it. Electra Sports Drink is a hydration beverage that offers more functionality than regular sports drinks but with lower sugar content and fewer calories. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. There are many brands already in this field. She received an offer from Barbara Corcoran for $100,000 in investment and a $250,000 line of credit for 30% equity. As seen in the Shark Tank episode, Harris was exuding confidence and optimism about her brand and her capability to succeed in the harsh world of sports beverages. The panel included Sharks Mark Cuban, Kevin OLeary, Daymond John, Barbara Corcoran and Lori Greiner. The drink is designed to provide healthy hydration to athletes and everyday doers. Daymond John says that he does not agree with Kevins point but it is a lot of challenges in the field, so because of this, he is out of this offer. Customers actively seeking water online represent a prime demographic for us to market to. Orange and Litty Lemonade. Electras founder, Fran Harris, has many interests and was an athlete in college. The market for hydration drinks is worth about USD 15.2 billion and is expanding steadily. Harris explained that she plans to sell directly to consumers online and in retail. It also supposedly helps in performance and recovery and rehydration. What Happened To LavaBox Portable Campfire After Shark Tank? After much discussion, Barbara Corcoran made a counteroffer that was $100,000 Cash + $250,000 Line Of Credit For 30% Contingent On Securing a Partnership With the Influencer and the deal was finalized. She is an expert, thought leader, speaker, coach, consultant, or trainer looking to ascend to new levels of sales, revenues, and/or leadership through proven marketing and sales strategies that have produced more than $20 million dollars in product, speaking, training and consulting revenue. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. When Dallas entrepreneur Fran Harris went out under the spotlights of ABCs famous show Shark Tank, she was searching for an investment to help her CPG firm Electra Beverages get off the ground. Is Electra Sports Drinks still in business? Sharks liked the product but there were so many questions on their minds which could be clearly seen on their faces. So Cure Hydration, a brand from New York, has raised $2.6 million in funding. She claims she requires the funds for a manufacturing run, research and development, and marketing support. Using marketing and sales methods that have generated over $20 million in the product, speaking, training, and consultancy revenue, she aspires to increase her sales, revenues, and/or leadership positions. Also, dont forget to download our Android app which contains startup and business book learnings, verified business knowledge and concepts, and no bullshit!! The drink comes in three flavors: Litty Lemonade, Passion Punch, and Oh Yeah! Depending on the area, Electra Beverages will deliver the order within 7 days. In 2020, Electra raised $40,000 from WeFunder. This allowed them to get started with the production and shipping of Each 16 oz bottle only contains 60 calories. All pricing are in US dollars. These insights will not only help us better understand the brands performance but also offer aglimpse into the future potential of Electra Sports Drink and the sports beverage industry as a whole. also contains vitamins B3, B5, B12 and vitamin C, important vitamins for active individuals. Here is the complete analysis! The hydration company currently has a special 15% Shark Tank discount with the code SHARK on its website. The brands commitment to innovation and its ability to adapt to changing consumer preferences and market trends will be crucial in determining its future financial success. This is a very good deal for a new startup. Ajit is a writer from Vapi, who is a thorough researcher and likes researching startups and businesses. Fran introduces herself, the product, and hands out samples. The company currently has a special 15% Shark Tank discount with the code SHARK on its website. They are targeting $80-$100 million in sales by the next 5 years. by 2Paragraphs in Business Spotlight, Shark Tank | March 6, 2021, Fran of Electra on Shark Tank (ABC/Christopher Willard). Harris said she would do the first production for a value of $20K to $30K. She was tired of being frustrated by the nutritional label of the popular sports drinks shes been told to drink but left her feeling sluggish and did not help her recover at all. Fran has practically no sales because her company is still in its infancy. Tngnt Ski Bikes Net Worth, Best 5 Universities for Business and Economics. This was a good training ground for her in the world of business, distribution, and retail. Without a doubt, one of the most annoying fees that credit cardholders have to pay is the annual fee. Mark Cuban praised Electras flavor and composition but couldnt invest due to his current involvement with another sports drink company. They recommend that you consume it within 3-4 days of opening it. Books Crispy Cones Net Worth, What Happened To Tngnt Ski Bikes After The Shark Tank? Electra Sports Drink is only available on its official website. When he isnt reading the source material for a piece or decompressing with a comfort horror movie, Nik is usually somewhere on his bike. WebOrange and Litty Lemonade. Talking about Electras net worth, her net worth can be $1.1 million in 2022. What Happened To Electra After Shark Tank? This hydration drink is a new market, gradually the competition is building in it, and many big brands are coming into this section. Why did you use watermelon and coconut water? As of January 2022, Electra Beverages website does not presently offer a promotional code. She wants a Shark to help her navigate the rivers and to have extensive retail distribution. By staying ahead of industry trends and continuously adapting to the needs and preferences of its target audience, Electra Sports Drink can ensure its long-term success and financial growth. Look no further because you can find all the SWIFT Codes you need in this list! Three delicious flavors waiting to What is a Risk Free Bet? The Sharks liked the product, but there were many objections about the difficulty of breaking into the beverage space. How much money did Barbara Corcoran put up?

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