As we look to the future, it is evident that Electra Sports Drink will need to continue focusing on product innovation, strategic partnerships, and targeted marketing efforts to maintain its competitive edge and increase its net worth. Fran Harris at 172 Heb Supermarkets in Texas in February 2022 to expand her product. In its pitch, the company stated that its 5-year target is $80-$100 million in sales. Harris said she would do the first production for a value of $20K to $30K. This episode was re-aired for the first time just two months after it first aired. Electra Beverages is a company that sells sports nourishment. She received an offer from Barbara Corcoran for $100,000 in investment and a $250,000 line of credit for 30% equity. Does Electra Beverages ship to countries other than the United States? Onum is a values-driven SEO agency dedicated. The new challenger coming to the industry is Electra, a sports drink brand by former WNBA player, Fran Harris. The Biggest Distributor, who is going to work with them, emailed them before they came on Shark Tank. Pete Kadens Net Worth: How Rich Is Pete Kadens in 2022. She started Electra Beverages in Texas in January 2021. The three flavors of these beverages are Passion Punch, Orange, and Litty Lemonade. The store also offers powder packs for $19.99. Are Electra bottles recyclable and BPA free? Theyll like the ease of use of Electra powders. The company has achieved impressive sales figures year after year, thanks to its focus on quality and a dedicated consumer base. Corcoran offered $100,000 in cash and a $250,000 line of credit in exchange for a 40% equity stake. Why Did ShowNo Towels Shutdown? This equates to a $1.75 million valuation. 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. Necessary cookies are absolutely essential for the website to function properly. They recommend that you consume it within 3-4 days of opening it. The founder has mentioned on her website that she had donated 10% of his revenue to Food and Water in 2021. The Sharks liked the product, but there were many objections about the difficulty of breaking into the beverage space. What Happened to IReTron After the Shark Tank Pitch? 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. Harris had virtually no sales as she had just started the company. 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. 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. From the founder, the shark wanted to know about the companys gross revenue, net revenue, profit, etc. Electra Drink Net Worth: What Happened to Electra in Shark Tank? WebFollow. 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. Touch device users, explore by touch or with swipe gestures. Electra sports drink is available only on their website and nowhere else. For a young company, this is a fantastic offer. 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. The drink comes in three flavors: Litty Lemonade, Passion Punch, and Oh Yeah! The estimated net worth of Electra Sports Drink is around $1.17 million as per the Shark investment. 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. What Happened to Electra Sports Drinks After the Shark Tank? Electra Coffee Meets Bagel Shark Tank Net Worth 2023. 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. Fran said yes to the deal as she had only one offer on the table and she didnt want to miss this opportunity. What You Didnt See on TV at Oscars 2023: Florence Pugh Takes a Selfie, Lady. electra sports drink net worth Also Read: Patrick Carney Net Worth: A Real-Time Update on Richer Life! By the time the episode aired on January 8, 2021, wed changed the formulation based on customer tests and feedback. Fran explains its Not uncommon to change formulations in the food and beverage industry, or to improve a product in any industry., A post shared by Electra Beverages (@idrinkelectra), New episodes of Shark Tank air Fridays at 8 pm on ABC, right before 20/20 at 9 pm. Electra had a modest online presence, but as of 2023, it seems that Electra may have run out of energy. She wants a Shark to help her navigate the rivers and to have extensive retail distribution. Electra Sports Drink What website does Electra Beverages have? These cookies will be stored in your browser only with your consent. She wanted $350,000 in exchange for 20% ownership in the business. Electra is a sports nutrition company that produces a rehydration drink in three different flavors, including Passion Punch, Litty Lemonade, and Oh Yeah Orange. 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. In 2022, Electras estimated net worth might reach $1.1 million. What Happened to Electra Beverages After Shark Tank? Electra Beverages. Fun Golf Betting Games | Spice Up Your Golf Game! The brand, however, is not so much active on its social media site Facebook, Twitter, and Instagram. Contains only all natural juices and extracts. Fran introduces herself, the product, and hands out samples. Crispy Cones Net Worth, What Happened To Tngnt Ski Bikes After The Shark Tank? Yes, Electra is still in business today. The company is still in operation, with headquarters in Austin, Texas, and a modest full-time personnel complement. Electra comes in three flavors- Passion Punch, Oh Yeah! This product provides people with energy without making them feel bloated. Olivia Munn Bikini Photo from Las Vegas Shows Off Her, The Most Disregarded Fact Regarding Marijuana Explained, Cardi B Shows Off Her Thong Bodysuit in A New Instagram, Electra Drink Net Worth: What Happened to Electra in Shark Tank?. WebOrange and Litty Lemonade. This hydration drink is a new market, gradually the competition is building in it, and many big brands are coming into this section. WebAs of 2023, Electra Sports Drinks estimated net worth is approximately $120 million, given the brands continued growth and expansion into new markets in recent years. It is a kind of a drinks brand that makes hydration drinks. How long will it take Electra Beverages to deliver my order? They are now only shipping to the United States (not including Alaska or Hawaii). This was a good training ground for her in the world of business, distribution, and retail. Orange and Litty Lemonade. Both willing were willing to bring in their influence to move their product and invest in the company. Before its appearance, the company had raised $40,000 from a WeFunder campaign. Best Sports Drinks 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. Orange. There is no exact answer whether Barbara has closed the deal with Electra, but Barbara did not mention it on her site. Former WNBA player, Fran Harris from Dallas, Texas is used to winning. In an industry dominated by a giant, who better to challenge the incumbent than a brand started by a champion athlete? Electras founder, Fran Harris, picked up a shark in a unique way in 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. Electra Beverages accepts only credit cards as payment. The founders pitched their product to the panel of investors, showcasing the unique features and benefits of the sports drink. It always pays to know every significant detail in your business. With its unique blend of vitamins, minerals, electrolytes, antioxidants, and amino acids, this drink is the missing link in the chain of sports Electra. Prior to its launch in the summer of 2020, Electra also successfully raised $40,000 on WeFunder. Electra - Shark Tank Blog What Happened To Bleni Blends After Shark Tank? The founder of Electra, Fran Harris, is a former WNBA Basketball star who created the drink out of frustration with current products in the sports drink space. Drink powders were first offered by her company in 2022. WebElectra Sports Drinks Net Worth 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. The company is stable and currently worth an estimated $2 million. Harris explained that she plans to sell directly to consumers online and in retail. Electra is a hydration beverage offering more functionality than regular sports drinks but with lower sugar content and fewer calories. After Shark Tank, Electra was featured by many big companies, which increased the brands trust score. H.E.B. Lori says she likes Harris smartness and confidence. Look no further because you can find all the SWIFT Codes you need in this list! Harris said her Counter Offer was too much equity but she would like to stay in 25% equity with the same deal. Also, in 2020, Electra has raised $40,000 from WeFunder. Each 16 oz bottle only contains 60 calories. 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. They were marketing the product to athletes and other active people who were on the go during the off-season. What is the promo code for Electra Beverages? By continuing to use our site, you consent to our cookies that are used to improve your website experience. The founder was grilled by the shark on the companys financials, including gross sales, net revenue, profit, and loss. 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. Shipping a 12-pound box? OLeary asked incredulously. What Happened To Crispy Cones After The Shark Tank? This would have valued the company at $1.75 million. Why Did LeSports Shutdown? What Is Electra Sports Drinks Shark Tank? Does She drink? Their sales rate is very good, apart from online, they also sell products in retail. When the sharks asked why she needed an investment? 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. Barbara said she couldnt invest $350,000 in it, but she wanted to invest $100,000 Cash + a $250,000 Line Of Credit For 40% Equity. The Sharks all exit when Fran says she has a pair of excellent players eager to join the team. That she only started the company with a mere $1000 is proof of her Midas touch. Corcoran offered to invest $100,000 in cash and a $250,000 line of credit for 30% equity. 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. Confidence may be important when dealing with other products or categories, but it is useless in this industry. They are targeting $80-$100 million in sales by the next 5 years. Daymond John says he disagrees with Kevins view, but there are many difficulties in the field, so he cannot accept the position. Louis Vuitton Business Model: How Louis Vuitton makes money? She observed that when she used to play sports, she had to consume hydration drinks for 30 years, without any option available to them. So it fills the gap of sports Electra which provides an athletic drink mixed with Vitamins, Minerals, Electrolytes, Antioxidants, and Amino Acids. Electra is a sports hydration drink brand that appeared in Shark Tank. She wanted to create a tough competition for Gatorade. She already managed a marketing firm, and she used his expertise to boost sales for her first product line. She put $50,000 into it, only to have it shut down a month later, with no way to recover her losses. She claims she requires the funds for a manufacturing run, research and development, and marketing support. Moreover, the increasing popularity of sportsand fitness activities, coupled with a growing consumer focus on health and wellness, suggests that the demand for sports drinks like Electra will continue to rise. Mark has inked contracts with two large sports drink manufacturers, he claimed in reference to this business opportunity. Planning to add powdered drink mixes in the spring of 2022, which says it is still in business and is profitable. Chris Rock and Lake Bells Romance History! This value is significantly lower than Fran Harrris valuation of $1.75 Million during her pitch to the Sharks. Everything you need to know about your Pitch Deck? The company was founded by Fran Harris to provide a better hydration option for major sports drink brands, targeting daily doers, hustlers, and athletes . Electra Sports Drink appeared on Shark Tank seeking $350,000 for a 20% stake in the company, which would have valued the company at $1.75 million. If a player wants to maintain his form, he must also focus on his physical health. What Happened to Wise Pocket Socks After Shark Tank? Electra Sports Drink update after $1.17 Million Shark Tank Cuban added that it will be expensive. After and before Shark Tank, Electra was featured by many big companies, due to which the trust score of this brand increased. What is the Availability Heuristic and how does it impacts your business? Welcome to Imm3rsive, where we provide a fresh perspective on the latest news and updates in the entertainment industry. What Happened to Wired Waffle After the Shark Tank Pitch? Electra Sports Drink is still in business today and is available on the company website. Orange. WebAmerican actress, model, singer, and media personality Carmen Electra has an estimated net worth of $7 million dollars, as of 2023. The company currently has a special 15% Shark Tank discount with the code SHARK on its website. They will be available in the spring of 2021. Here are the reasons for its failure! Electra is a sports hydration drink brand that appeared on Shark Tank in Season 12, Episode 95. Dunning Kruger effect: Why it matters in business? Her net worth mostly stems from investments she made after selling her company for $66 million, back in 2001. Check their Failure Analysis here! Confidence is not enough. Shark Daymond John agreed and was also out. 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. Because they employ natural components in the creation, they say their product is safe to drink and devoid of any artificial colors, chemicals, and preservatives. They are doing very well as a start-up and generated $41,000 through Kickstarter in 2020. Fdr Fran Harris . However, it seems that the deal with Corcoran fell through as of July 2021. Here is an update on Electras net worth so far. WebWhen autocomplete results are available use up and down arrows to review and enter to select. According to the company website, they have since switched to NCZ Sweet, which is a natural, zero-calorie sweetener made from fermented sugarcane. Despite early hardships, Electra is still in business following Harris appearance on Shark Tank. 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. 193 posts. . Electra on Shark Tank: Heres what makes this sports drink special Since January 1995, She is the CEO of Fran Harris Enterprises, LLC Company, a marketing agency. This is a very good deal for a new startup. There are many brands already in this field. There is no evidence of it, and it is not updated on the Barbara Corcoran website for her business list. Why Did Stayzilla Fail? What are Her hobbies? Fran takes the pitch and leaves with a deal. 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. 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. However, she became frustrated by the nutritional labels of popular sports drinks, which left her feeling lethargic and did little to help her recover. Here is the complete analysis! What Happened To Brumachen After The Shark Tank? Bottles that have not been opened have a shelf life of 12 months. 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. 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 estimated net worth of Electra Sports Drink is around $1.17 million as per the Shark investment. 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. The founder of the Electra Drink brand has asked for $350,000 in exchange for her companys 20% equity in Shark Tank. They provide a tasty and refreshing alternative to traditional sports beverages that helps with hydration while encouraging healthy living. Her strategy involves selling it both in stores and directly to customers. Webelectra sports drink net worth electra sports drink net worth. iDrinkElectra Still Running Well After Shark Tank. It also supposedly helps in performance and recovery and rehydration. Does She go to the gym? She has previously hosted HGTVs Home Rules and spent two years teaching at the University of Texas at Austin. Are there any adverse effects of drinking Electra Beverages? It comes with numerous flavors so that people can stay hydrated according to their choice of flavor. Fruit Punch Powerade functions like Electra Sports Drinks. Electra Sports Drink is only available on its website. It is also non-GMO and free from gluten, soy, and dairy. Their initial sales surged after they left the Electra Shark Tank because of the free advertising they received from appearing on the show. They aimed to create a beverage that would replenish essential nutrients and electrolytes lost during exercise while also providing a burst of energy to boost performance. Fran was seeking $350,000 for a 20% stake in the company, which was valued at $1.75 million on the show. PSE Trading Hours in 2022: What time open, when closed? This offer brought the companys valuation to $333,333.33. After retiring from basketball, Harris became a sales executive in consumer packaged goods for Proctor and Gamble. Brand Electra is a sports drink that was featured on the show Shark Tank. Cozy Bug: What Happened After Shark Tank? 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? Electra Beverages WebAccording to the Brumachen team, they are the first portable coffee brewer company. Net Worth Books 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. But it looks like Barbara will be involved in this business as the company recently rolled out brand new commercial ads. 2,025 followers. Fran goes on Shark Tank Season 12 Episode 9 in pursuit of $350,000 in exchange for a 20% ownership in her business. Fran has practically no sales because her company is still in its infancy. Electra Beverages sells how many products? Is Electra Sports Drink still in This allowed them to get started with the production and shipping of Packed with more than just electrolytes as in usual sports drinks, each variant has vitamins, amino acids, and antioxidants. How do I make a payment to Electra Beverages? After some negotiation, Harris revealed that she was in talks with two Hall of Famers from the NFL and NBA who were interested in investing and promoting the product. I started investing in mutual funds when I was 22 years old. Electra Sports Drink update after $1.17 Million Shark Tank The company currently has a line of sports drinks coming in three flavors and is preparing for production with a manufacturing facility in Coppell. Shark Barbara Corcoran asked Harris for a breakdown of where she plans to use the $350,000 investment. WebElectra's mission is to provide supernatural and healthy hydration to everyday doers, hustlers and athletes. It also sells powder packs at a price of $19.99. What Happened To Electra After Shark Tank? Shipping will cost between $6 and $12 depending on the area and form of dispatch for their 16 FL oz. Electra Sports Drink Shark Tank Update | BizzBucket 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. What is the Net Worth of Electra Sports Drinks? Her plan is that she will take it directly to the consumer and also make it available in the retail store. Please contact [emailprotected] and they will respond as quickly as possible. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. So before you deep dive into the exciting world of stock trading, Trading bands in the PSE come in two forms: Price Ceiling, or the upper price limit, and Price Floor, or the lower price limit. Oh, yeah, passion punches! Because of this, he cannot sign this offer. Electra is a sports hydration drink brand that appeared on Shark Tank in 2021. The founder, Fran Harris, created Electra after realizing how many calories and how much sugar was in some of the biggest sports drink brands on the market. Let me tell you it was a thrill to be grilled by Mark, Lori, Mr. Not-So-Wonderful, Damon and of course, landing Barbara Corcoran. Harris accepted the deal. What Happened To Happi Floss After Shark Tank? Electra Beverages Who are the founders of Electra Sports Drink? Kelsey McNeal | ABC Shark electra sports drink net worth Harris answered that around $30,000 will go to inventory, $25,000 will be for research and development, and the rest will go to logistics, sales, and marketing. What Happened to Uro Club After Shark Tank Pitch? Because as she learned from her years as a professional athlete, its the great teams that win. 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. How will TRAIN affect income taxes of individuals and corporations? What Happened To Range Beauty After Shark Tank. Fran handed the samples to the sharks. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below.