[Related:27 FavoriteShark TankProductsat Amazon New List], Since shooting the Shark Tank episode in August 2020, Fran reports monkfruit was the sweetener of Electra. Latest Update! Corcoran offered to invest $100,000 in cash and a $250,000 line of credit for 30% equity. Electra sports drink net worth: Posted by on jun 10, 2022 in iroquois word. Harris then selected this moment to declare that she is in negotiations with both an NFL Hall of Famer and an NBA Hall of Famer. So Cure Hydration, a brand from New York, has raised $2.6 million in funding. Sports beverages Pedialyte. 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. Shark Tank Season 12 Episode 9 features the all-natural sports hydration drink startup, Electra. She observed that when she used to play sports, she had to consume hydration drinks for 30 years, without any option available to them. The following is a list of Brazils top 10 sports. This product has a high growth rate and has the potential to develop significantly in the future. What Happened to Sarah Oliver Handbags After the Shark Tank? Shark Lori Greiner told Harris how much she admired her candour and self-assurance. Is Electra Sports Drink still in business? June 10, 2022. The founder of the Electra Drink brand has asked for $350,000 in exchange for her companys 20% equity in Shark Tank. If you can't decide or just want to experience the Electrafying taste of all 3 of our flavors, this is for you! A New York company called Cure Hydration has successfully raised $2.6 million. Packed with more than just electrolytes as in usual sports drinks, each variant has vitamins, amino acids, and antioxidants. He is pursuing his BBA and being a curious mind loves learning new things. Wikipedia. Electra Net Worth $1.17 Million How did Electra start? What Happened To Recode Studio After Shark Tank India. Remember that soda and coffee may exacerbate the symptoms of dehydration in seniors, making your situation worse. Such is the nature of this industry; numerous well-established names all but eliminate room for development among smaller players. Corcoran agreed to cut equity after Harris revealed that she was in contact with two Hall of Famers about prospective investors. What Happened to Byoot Swimwear After Shark Tank? Also, it is asked, How much is Electra sports drink worth? Electra Sports Drink is still in business and doing very well. Also Read: James Tupper Net Worth: Lets Dig IntoCanadian ActorLavish Life! Harris explained that she plans to sell directly to consumers online and in retail. The entrepreneur stated that she would spend between $20,000 and $30,000 on production and that the remaining funds would be used to staff logistics, sales, and marketing. Did Electra get a deal on Shark Tank? Kevin says to the founder, you dont have any data in this business, more than sales and only confidence is not enough in this business. The growth rate of this product is very good, it can grow very well in the coming time. There have been no studies on pregnant or nursing women. He cant continue working with this company since they are too dominant in the market and wont let his startup succeed. So it fills the gap of sports Electra which provides an athletic drink mixed with Vitamins, Minerals, Electrolytes, Antioxidants, and Amino Acids. If we talk about drinks, then sports drinks are also present in this sports category but they are not able to fill the need properly. The Electra sports drink company, owned by former WNBA star Fran Harris, is the latest competitor entering the market. Confidence may be important when dealing with other products or categories, but it is useless in this industry. Electra still managed to sell its drink, although it had to face a lot of trouble due to marketing. Q2. While Gatorade may help you keep hydrated, you should only consume it when absolutely necessary. However, she knew that she needed to gain more knowledge in running a beverage company. Required fields are marked *. What Happened to Tail Lightz after Shark Tank? She helped the University of Texas win the NCAA title in 1986 and then played for the Houston Comets, who in 1997 won the inaugural WNBA Championship. With this information, Harris made a counteroffer for 25% equity for the same cash and line of credit deal. Although the industry for hydration drinks is still relatively young, competition is heating up as more established companies enter the space. The three flavors of these beverages are Passion Punch, Orange, and Litty Lemonade. Which of These Sports Projectiles Has Been Recorded Traveling the Fastest? Numerous companies market their high-calorie, high-sugar beverages as sports drinks.. It is a sports hydration drink brand with its current market value of US$ 15.2 billion in 2021 and by 2031 it could be US$ 25.5 billion. They are targeting $80-$100 million in sales by the next 5 years. When sobbing, there are no tears. Endurance Nutrition Tailwind Fuel. PSEi support seen at 6,200 and 6,000 amid weaker Peso, Official SWIFT Code of BDO, BPI, Metrobank, Philippine banks, How to Waive your Credit Card Annual Fee (BDO, BPI, Metrobank, RCBC, Citibank, UnionBank), Why Filipinos do not become business owners or entrepreneurs, My experience investing in Mutual Funds in the Philippines, Income Tax Tables in the Philippines (2022), PSE Stocks Performance under each Philippine President (1987-2021), SSL 2022: Salary Increases for Teachers, Nurses, Govt Employees. Litty Lemonade does you one better. But opting out of some of these cookies may have an effect on your browsing experience. Top Free Invoice and Legal Documents Tool, How to write Startup Elevator Pitch with Examples, Essential Startup Tools to Help You Launch in No Time. Deal with Barbara Corcoran on Shark Tank. in journalism from the University of Texas at Austin before enrolling in a Masters of Science program there in technology commercialization. Why Did PRIM Shutdown? She said there are two famous celeb athletes who are willing to come on board for this business. Kristin Chenoweth Net Worth: How American Actress Become so Rich? Everybody loves a good lemonade, right? Fran Harris is the founder of Electra Beverages, as well as the CEO of Harris Enterprises, LLC. When your tongue gets a load of this citrusy celebration colliding with tangerine and orange flavors, it's over. You may even gain weight if you consume it while exercising! The Electra companys creator has put up $350,000 in exchange for 20% of his firms stock on Shark Tank. After Harris revealed that she was in the talks with two Hall of Famers as potential investors, Corcoran agreed to lower equity. Since January 1995, She is the CEO of Fran Harris Enterprises, LLC Company, a marketing agency. She assisted in the companys early 2020 debut with an IndieGoGo campaign that raised $7212. Shark Lori Greiner told Harris how much she loved her, her straightforwardness, and her confidence. There are three varieties of the sports drink: Litty Lemonade, Passion Punch, and Oh Yeah! It's exactly what you'd expect if a raspberry, strawberry and Electra-berry jump into the pool and jump out a beverage. In a not-so-surprising move, the U.S. Federal Reserve (Fed) yesterday raised interest rates by 75 basis points (bps) or 0.75% in a bid to tame rising inflation in the United States. Electra is a sports nutrition business. Her plan is that she will take it directly to the consumer and also make it available in the retail store. In the event that another business emerges as a direct rival, this one will destroy it. People also ask, Did Electra get a Shark Tank deal? Electra Sports Drink is still in business and doing very well. If not, all bets are off, countered Corcoran. It also has very little sugar or sweeteners. This equates to a $1.75 million valuation. Foundher, Fran Harris flexed this supernatural hydration drink that's changing the game! Shark Mark Cuban commended the taste and formulation of Electra. Electra sports drink is available only on their website and nowhere else. In any case, the corporation has released some shiny new commercial advertising, so it seems like Barbara will be a part of this enterprise after all. Price Floor and Price Ceiling of PSE Stocks, $100,000 cash plus $250,000 line of credit for 30% equity. That is entirely up to them, but a chilled Electra, like other hydration beverages, will never let them down. Electra Beverages' main competitors in the market are Baxi, DENSO Manufacturing, CzechELZAB, and Ellab. Yes, Electra is still in business today. Necessary cookies are absolutely essential for the website to function properly. Ajit is a writer from Vapi, who is a thorough researcher and likes researching startups and businesses. She also served as a college instructor at the University of Texas at Austin for two years and worked as a Television Host, on Home Rules on HGTV. 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. This is a line of beverages specifically designed to keep you hydrated. After $350,000, what happened to Electra Sports Drink? If a player wants to maintain his form, he must also focus on his physical health. Fran Harris founded Electra to give a better hydration option to major sports drink brands for daily doers, hustlers, and athletes, according to the companys website. They provide a tasty and refreshing alternative to traditional sports beverages that helps with hydration while encouraging healthy living. By continuing to use our site, you consent to our cookies that are used to improve your website experience. What Happened To Slice of Sauce After The Shark Tank? Both were eager to use their influence to promote their product and invest in the firm. These cookies do not store any personal information. Corcoran offered $100,000 cash and a $250,000 line of credit for 30% equity. This beverages market is very big, and the demand for sports drinks is very high, so because of this, the competition for this drink is also enough. The companys originator saw a need in the market for a healthy sports drink and set out to fill that void. We also use third-party cookies that help us analyze and understand how you use this website. Calcium is abundant in dairy products such as milk and yogurt. It's calledOh Yeah! What is Founder Vesting and how does it work? Pete Kadens Net Worth: How Rich Is Pete Kadens in 2022. An estimated US$15.2 billion will be spent on this sports hydration drink brand in 2021, and this number might rise to US$25.5 billion by 2031. Slam Dunk? Corcoran offered $100,000 cash and a $250,000 line of credit in exchange for 40% equity. What Is The Electra Net Worth? Excessive use of sports drinks such as Gatorade raises the risk of this occurring. Source: 2paragraphs.com Electra is a healthier sports drink option. Full Throttle is an energy drink that is owned by Coca-Cola. What are the new income tax rates under the TRAIN law? The estimated net worth of Electra Sports Drink is around $1.17 million as per the Shark investment. Instagram fitness celebrity @shaunt released a video about this natural sports hydration drink. If were talking about beverages, sports drinks are also included in this sports category, but they fall short of meeting the need. SHOP NOW! The company behind it has just recently started selling their products through Amazon. Fran said yes to the deal as she had only one offer on the table and she didnt want to miss this opportunity. Barbara Corcoran was the only Shark that made a bid for Electra. This product's projected growth rate is excellent; it should do well in the market in the years to come. Electra is a great alternative for people who need the required vitamins in their bodies, especially athletes. Dont forget to give it a good shake before serving. Also Read: Pete Kadens Net Worth: How Rich Is Pete Kadens in 2022! Numerous companies market their product as sports drinks while packing them with calories, sugar, and other unhealthy ingredients. There is no data on sell-through here, Mr. Her strategy involves selling it both in stores and directly to customers. Disney Chairman and Former CEO Bob Iger Return With a Statement! The scarcity is so severe that Gatorades producer, PepsiCo, has warned that prices would soon rise. 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. Texas startup Electra Beverages to pitch sports drink, lifestyle products on 'Shark Tank' . Upon reading the contents on the nutritional labels, she saw that the sports drinks were mostly sugar, artificial food color, and salt. The founder of Electra Sports Drink expects to reach $30 million in sales in the next 3 years. Before debuting on ' Shark Tank ,' Fran Harris raised $40,000 from a WeFunder campaign and expects to sell enough Electra beverages to hit $30 million in the coming three years. When asking the founder how he or she plans to spend $350,000, Barbara Corcoran posed the question. Packed with vitamins and electrolytes - NONE of the bad stuff! There are many brands that sell their product under the name of sports drink and it contains high calories, sugar, etc. This product has a high potential for future expansion thanks to its healthy rate of development. The sympathetic nervous system is built for quick flight or fight situations. What Happened to Taylor Robinson Music after Shark Tank? How much is Electra worth now? Then theres the question of the supply chain. What Happened to Treasure Chest Pets after the Shark Tank Pitch? Electra Beverages is valued at $1.17 Million with Barbara Corcoran's investment of $350,000 in combined cash and line of credit for 30% equity. This equates to a $1.75 million valuation. Fran presents herself, the product, and distributes samples. Electra is only sold on the company's website and is not accessible in any retailers. In addition, Fran Harris now provides a masterclass course called Shark Tank Audition for business owners who want to pitch their venture on the show. Fruit Punch Powerade functions like Electra Sports Drinks. Wonderful who was not convinced. The added components make for better prehydration and rehydration. Hey friends my name is Dylan Minnette I am a Student of Bachelor of Arts. The company is still in operation, with headquarters in Austin, Texas, and a modest full-time personnel complement. By on jun 10, 2022 in iroquois word for 30 % equity, he must also focus on physical. Dont forget to give it a good shake before serving to improve your website experience eager to use site. The potential to develop significantly in the firm Bachelor of Arts it has just recently selling! 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