electra sports drink net worth

This left Shark Barbara Corcoran, who talked about her previous partnership with a beverage company where she lost her investment in a month. Welcome to Imm3rsive, where we provide a fresh perspective on the latest news and updates in the entertainment industry. How she breaks into this big beverage space. Why Did Move Loot Shutdown? However, Fran Harris has been updating her backers on WeFunder. One of the key factors behind Electra Sports Drinks success has been its strategic partnerships and endorsements. WebElectra is only available on the companys website and is not available in any stores. Harris stood her ground and explained why she wants to do both. As Electra Sports Drink continues to expand its product line, distribution network, and marketing efforts, its net worth is expected to grow in the coming years. She helped the company launch in early 2020 with an IndieGoGo campaign that raised $7,212. Their sales rate is very good, apart from online, they also sell products in retail. The consent submitted will only be used for data processing originating from this website. She received an offer from Barbara Corcoran for $100,000 in investment and a $250,000 line of credit for 30% equity. 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. Also, in 2020, Electra has raised $40,000 from WeFunder. Theres a new round of salary increases beginning January 1, 2022! [BONUS:StreamanyABC showthrough theABC GO Digital Appfound here. What is the claim to fame of Electra Beverages? She started Electra Beverages in Texas in January 2021. Packed with more than just electrolytes as in usual sports drinks, each variant has vitamins, amino acids, and antioxidants. Although the industry for hydration drinks is still relatively young, competition is heating up as more established companies enter the space. Welcome Bonus - 350% bonus on your first deposit up to 5BTC, New players only. Fran said yes to the deal as she had only one offer on the table and she didnt want to miss this opportunity. 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 company currently has a line of sports drinks coming in three flavors and is preparing for production with a manufacturing facility in Coppell. WebElectra Champion. Here is the complete analysis! What happened to Electra after Shark Tank? The company was founded by Fran Harris to provide a better hydration option for major sports drink brands, targeting daily doers, hustlers, and athletes . $500 USD $1,000 USD (50% off) Everything in the previous perk plus some additional goodies including VIP status invitation to a private virtual event, 24-pk of Electra (8 bottles of each flavor) and a guest appearance on Electra podcast. Electra Sports Drinks commitment to product innovation has also been a driving force behind its financial success. This value is significantly lower than Fran Harrris valuation of $1.75 Million during her pitch to the Sharks. Electra has not posted on Twitter since 2021, Facebook since early 2022, nor Instagram since summer 2022. If an athlete has to keep his game right, then he has to take care of his fitness along with the game. A significant factorin Electra Sports Drinks financial success has been its strong sales performance and extensive distribution network. Instagram fitness celebrity @shaunt released a video about this natural sports hydration drink. This is also called the health sports drink category. | All You Need to Know. The funding that Harris raised from Shark Tank was going to be used for marketing. Strong sales performance not only translates to increased revenue but also contributes to the overall valuation and net worth of the brand. Because of this, he cannot sign this offer. Roominate: What Happened after Shark Tank? does not carry Electra, and Electra currently only sells powdery mixes through its e-store. Confidence may be important when dealing with other products or categories, but it is useless in this industry. The term healthy sports drink is often used to describe products in this niche. We and our partners use cookies to Store and/or access information on a device. After and before Shark Tank, Electra was featured by many big companies, due to which the trust score of this brand increased. The founder has mentioned on her website that she had donated 10% of his revenue to Food and Water in 2021. 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. The founder of the Electra Drink brand has asked for $350,000 in exchange for her companys 20% equity in Shark Tank. Electra is an all-natural sports hydration drink that has less sugar, sodium, and artificial colors than other drinks on the market. Fran shared that she had just started this company as it was at the stage of pre-revenue. This presents an opportunity for Electra Sports Drink to further solidify its position in the market and increase its net worth. After this, Barbara started haggling and eventually settled for a 30% cut. Essential Startup Tools to Help You Launch in No Time, Top Free Invoice and Legal Documents Tool, How to write Startup Elevator Pitch with Examples. The new challenger coming to the industry is Electra, a sports drink brand by former WNBA player, Fran Harris. As of January 2022, the company is still in operation. Electra Net Worth: $1.17 Million: What is Electra Sports Drink? The company is still in operation, with headquarters in Austin, Texas, and a modest full-time personnel complement. This is such a field, there are many big brands in it, which do not allow the small company to grow. 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 handed the samples to the sharks. However, she knew that she needed to gain more knowledge in running a beverage company. Cuban added that it will be expensive. What is the Availability Heuristic and how does it impacts your business? 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. The Sharks liked the product, but there were many objections about the difficulty of breaking into the beverage space. These cookies will be stored in your browser only with your consent. Electra Beverages accepts only credit cards as payment. As Electra Sports Drink continues to evolve and adapt to the ever-changing landscape of sports, fitness, and consumer preferences, its net worth is expected to grow. However, there are many beverage startups that are becoming a competitor of this company regarding hydration drinks. Electras marketing efforts have helped to raise brand awareness, generate consumer interest, and establish a strong brand identity. 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. electra sports drink net worth. According to the company info on WeFunder, Harris went into a deep dive of learning everything she can about the industry and running a beverage business. She asked for $200,000 in exchange for 20% of her business. Fran went into the Tank seeking an investment of $200,000 in exchange for 20 percent equity. He cant continue working with this company since they are too dominant in the market and wont let his startup succeed. The store also offers powder packs for $19.99. Harris is no What was the sales model of Electra Beverages? Orange. The cost of their wares is stated at $11.9. Kelsey McNeal | ABC Shark Each 16 oz bottle only contains 60 calories. The companys website states that in 2021, the founder gave 10% of their income to Food and Water. Read on to find out what happened to the business after securing a deal with Barbara Corcoran on Shark Tank. In the following sections, we will delve into the various factors that have contributed to Electras Upon reading the contents on the nutritional labels, she saw that the sports drinks were mostly sugar, artificial food color, and salt. You may get Electra sports to drink exclusively from their online store. 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. Electra Beverages sells how many products? She cant join us because I dont particularly enjoy the alcoholic beverages on offer. Electras founder, Fran Harris, has many interests and was an athlete in college. By July of 2021, it was clear that Barbara had not finalized the sale. What is the net worth of Electra Sports Drink? What Happened To The Blowzee After Shark Tank? Electra Beverages. Electra Sports Drink is still in business today and is available on the company website. For added benefit, Liquid I.V. Electra is marketed as a supernatural hydration drink that is a game changer for athletes and anyone looking for a healthier sports drink option. 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. There is no exact answer whether Barbara has closed the deal with Electra, but Barbara did not mention it on her site. Electra founder and CEO Fran Harris pitched to the panel of Sharks on Shark Tanks 12th season, asking for $350,000 in exchange for 20% in her company. Harris introduced Electra as a better-for-you functional beverage hydration company. This allowed them to get started with the production and shipping of Despite these uncertainties, Electra Sports Drinks track record of innovation and adaptability indicates that the brand is well-equipped to navigate these challenges and capitalize on future growth opportunities. Yes, it may be transported to any nation; however there will be an additional charge. Save my name, email, and website in this browser for the next time I comment. The founder of Electra Sports Drink expects to reach $30 million in sales in the next 3 years. She has held the position of a chief executive officer at the advertising firm Fran Harris Enterprises, LLC since its inception in January 1995. Harris is no stranger to the small screen. WebOrange and Litty Lemonade. Check their Failure Analysis here! Regarding this business offer, Mark said that he has already signed a deal with two major sports drink manufacturer brands. Published in Blog and Shark Tank Products. Cozy Bug: What Happened After Shark Tank? Electra is an all-natural sports hydration drink brand that featured in Shark Tank Season 12 Episode 9. What Happened To Bleni Blends After Shark Tank? As of June 2022, Electra Sports Drink was estimated to be worth $1.1 million. Barbara Corcoran was the lone Shark who gave an offer for Electra. Fran Harris is the founder of Electra Sports Drinks. 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. James Tupper Net Worth: Lets Dig IntoCanadian ActorLavish Life! What Happened to Longhairs after Shark Tank Pitch? The Sharks were impressed with the product but had concerns about entering the beverage industry, especially since the company had almost no sales due to being in its early stages. Everything you need to know about your Pitch Deck? Barbara Corcoran was the only Shark who made an offer $100,000 in investment and a $250,000 line of credit for 30% . How is Electra doing after the shark tank? Did Electra get a deal on Shark Tank? There is no definitive information as to whether or not Barbara has completed the transaction with Electra, however, Barbara did not announce it on her site. She claims she requires the funds for a manufacturing run, research and development, and marketing support. Does Electra Beverages ship to countries other than the United States? 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. 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. Are there any adverse effects of drinking Electra Beverages? After Shark Tank, Grind took part in the Techstars Sports Accelerator program, which helped it raise $1.6 million. Please contact [emailprotected] and they will respond as quickly as possible. Former WNBA player, Fran Harris from Dallas, Texas is used to winning. They provide a tasty and refreshing alternative to traditional sports beverages that helps with hydration while encouraging healthy living. Electra Beverages is a company that sells sports nourishment. What is the promo code for Electra Beverages? What Happened To Range Beauty After Shark Tank. After Shark Tank, she got funding and she paid marketing of her product through this fund. Is Electra Sports Drink still in 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. 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. Oh, yeah, passion punches! Electra is an all-natural sports hydration drink that contains vitamins, antioxidants, BCAAs, and electrolytes. Electra seems to have a modest online presence, but it is still in business. She graduated from the University of Texas, and in addition to overseeing Electra, she provides motivational speaking, mentorship to players and coaches, and recommendations for sports facility building through her trading firm Fran Harris Enterprises, LLC. Orange and Litty Lemonade. When he isnt reading the source material for a piece or decompressing with a comfort horror movie, Nik is usually somewhere on his bike. linktr.ee/idrinkelectra. No, She doesnt like Drinking. Devils Advocate Theory: Does It Help Organisations? Electra Sports Drinks is a new sports drink beverage on the market. Your email address will not be published. Many established companies have already established themselves as leaders in this market. Fran Harris enthusiastically accepted the offer and danced her way out of the Tank. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. 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. After the show, the deal made on the Shark Tank was never closed. 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?. Dunning Kruger effect: Why it matters in business? Each 16 oz bottle only contains 60 calories. She observed that when she used to play sports, she had to consume hydration drinks for 30 years, without any option available to them. Before its appearance, the company had raised $40,000 from a WeFunder campaign. Why Did ShowNo Towels Shutdown? Electra Sports Drink is a hydration drink, a great competition for Gatorade. This would have valued the company at $1.75 million. He is pursuing his BBA and being a curious mind loves learning new things. Also, in 2020, Electra has raised $40,000 from WeFunder. The panel included Sharks Mark Cuban, Kevin OLeary, Daymond John, Barbara Corcoran and Lori Greiner. With this information, Corcoran agreed to lower her equity request to 30%, and Harris accepted her offer. Aitchs Past Relationships: Lola Thompson to Amelia Dimoldenberg! As of June 2022, she was able to get her product into 172 HEBSupermarkets in Texas. It also has very little sugar or artificial sweeteners. 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. From the founder, the shark wanted to know about the companys gross revenue, net revenue, profit, etc. Electra Sports Drink is a hydration beverage that offers more functionality than regular sports drinks but with lower sugar content and fewer calories. She wanted $350,000 in exchange for 20% ownership in the business. Electra is a hydration beverage offering more functionality than regular sports drinks but with lower sugar content and fewer calories. With its unique blend of vitamins, minerals, electrolytes, antioxidants, and amino acids, this drink is the missing link in the chain of sports Electra. Can they believe a 16-ounce bottle of Electra contains just 60 calories, 9 grams of sugar, and NO added sugars? . Everything you need to know about MVP, Alpha, and Beta? Her net worth mostly stems from investments she made after selling her company for $66 million, back in 2001. As an athlete, Fran wanted a healthier alternative, so she brewed up her own. The company is stable and currently worth an estimated $2 million. After the show, the deal made on Shark Tank was never closed. iDrinkElectra Still Running Well After Shark Tank. The founder of Electra, Fran Harris, is a former WNBA Basketball star who created the drink out of frustration with current products in the sports drink space. It is a sports hydration drink brand with its current market value of US$ 15.2 billion in 2021 and by 2031 it could be US$ 25.5 billion. An example of data being processed may be a unique identifier stored in a cookie. Kevin warns the founder that he needs more than just sales and confidence to succeed in business. Welcome Bonus - 125% bonus on your first deposit up to $2,500, New players only. Fran Harris had years of experience as an athlete, which taught her discipline, getting used to winning, and welcoming competition. Athletes are Electras target market. Electra Beverages is a better-for-you functional beverage company. After completing her B.S and M.A., in Journalism from the University of Texas at Austin, she studied Masters of Science, in Technology Commercialization at the same university. So Cure Hydration, a brand from New York, has raised $2.6 million in funding. Their initial sales surged after they left the Electra Shark Tank because of the free advertising they received from appearing on the show. Electra is a hydration beverage offering more functionality than regular sports drinks but with lower sugar content and fewer calories. Electra Sports Drink update after $1.17 Million Shark Tank Please keep refrigerated once opened. Barbara Corcoran countered with $100,000 cash and $250,000 in credit at 30% interest, contingent on forming a partnership with the influencer; the agreement was struck after lengthy negotiations. Chris Rock and Lake Bells Romance History! 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. The market for hydration drinks is worth about USD 15.2 billion and is expanding steadily. Q2. Founder Fran has been working in this category for a long time and she is very good to know about it. Required fields are marked *. She also worked as a health and beauty sales professional for Proctor & Gamble. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'biznewske_com-large-mobile-banner-1','ezslot_11',639,'0','0'])};__ez_fad_position('div-gpt-ad-biznewske_com-large-mobile-banner-1-0');Barbara Corcoran invested $100,000 and a $250,000 line of credit for 30% equity in Electra. Theyll like the ease of use of Electra powders. 2 talking about this. The founder was grilled by the shark on the companys financials, including gross sales, net revenue, profit, and loss. Also Read: Pete Kadens Net Worth: How Rich Is Pete Kadens in 2022! Electra Sports Drink is only available on its official website. Prior to its launch in the summer of 2020, Electra also successfully raised $40,000 on WeFunder. The brand has managed to secure shelf space in major retail chains, supermarkets, and convenience stores, making its products easily accessible to consumers. The estimated net worth of Electra Sports Drink is around $1.17 million as per the Shark investment. Consequently, these partnerships and endorsements have played a crucial role in boosting the brands net worth. What Happened to Wired Waffle After the Shark Tank Pitch? She created Electra Beverages because she felt there was too much sugar in the $23 billion, Gatorade dominated sports hydration drink market. The sports beverage industry is a billion-dollar industry ruled by the worlds most popular sports drink, Gatorade. This website uses cookies to improve your experience while you navigate through the website. What Happened to CurlMix After Shark Tank Pitch? 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. 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. Customers actively seeking water online represent a prime demographic for us to market to. This exposure helped to catapult Electra Sports Drink into the public eye, generating increased interest in the brand and its offerings. Is Electra Sports Drink still in business? Ultimately, Harris revealed that she was in negotiations with two Hall of Famers in the NFL and NBA who were interested in investing and promoting the product. Electra Sports Drinks was aired season 12 episode 9. Corcoran offered $100,000 cash and a $250,000 line of credit for 30% equity. Did Electra Sports Drink get a deal on the Shark Tank? Electra Sports Drink operates in a highly competitive industry, with well-established players such as Gatorade and Powerade dominating the market. That is entirely up to them, but a chilled Electra, like other hydration beverages, will never let them down. As of August 2022, Electra is not yet available on HEB markets, it is currently selling only on its website. The electrolytes in the product come Aside from its hydrating capabilities, they discovered that by combining them, they made Electra stronger in taste and recovery. The drink comes in a 16-ounce bottle containing electrolytes, vitamins, antioxidants, and amino acids. The company has achieved impressive sales figures year after year, thanks to its focus on quality and a dedicated consumer base. Fran Harris, a former WNBA star, is the founder of Electra sports drink. As of August 2022, this product is not yet available on the HEB markets, it is currently selling only on its website. 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. All pricing are in US dollars. Harris said her Counter Offer was too much equity but she would like to stay in 25% equity with the same deal. The three flavors, Passion Punch, Oh Yeah! . Also Read: Patrick Carney Net Worth: A Real-Time Update on Richer Life! Onum is a values-driven SEO agency dedicated. 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. What is The Dough Bar? These cookies do not store any personal information. After Harris revealed that she was in the talks with two Hall of Famers as potential investors, Corcoran agreed to lower equity. Sign up HERE. With Barbara on board, I know Ill keep winning, said Harris. Minus Cal: What Happened After Shark Tank? That she only started the company with a mere $1000 is proof of her Midas touch. 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? 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. Get your 20 Free Spins at this retro themed,Crypto Casino. If were talking about beverages, sports drinks fall into this category as well, but theyre not quite up to snuff. This focus on innovation has not only led to increased sales and market share but has also contributed to the brands overall valuation and net worth. This beverage has a very good growth rate which can make it cross all limits in terms of gaining profit. And the company said it expects the sales of its drinks alone to hit $30 million in the next three years. What is the Net Worth of Electra Sports Drinks? Q3. 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. Yes, Electras Fran Harris chose to partner with Barbara Corcoran. This episode was re-aired for the first time just two months after it first aired. Majority of cardholders are familiar with this fee and majority of us likely pay this grudgingly year after year after year. 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. Electra still managed to sell its drink, although it had to face a lot of trouble due to marketing. In July 2021, it appeared that Barbara had not closed the deal. 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. The Longhairs is a well-known brand for, Read More What Happened to Longhairs after Shark Tank Pitch?Continue, What Happened to Wired Waffle After the Shark Tank Pitch? If there is any other product or category than this, then confidence is useful in it but not in this business. According to Shark Tank Talks, Electras net worth can be $1.1 million in 2022. $100,000 cash + $250,000 line of credit for 30% contingent on securing partnership with influencer. Depending on the area, Electra Beverages will deliver the order within 7 days. Also Read: James Tupper Net Worth: Lets Dig IntoCanadian ActorLavish Life! Why Did Stayzilla Fail? Fun Golf Betting Games | Spice Up Your Golf Game! The Biggest Distributor, who is going to work with them, emailed them before they came on Shark Tank. She wants a Shark to help her navigate the rivers and to have extensive retail distribution. They also stated that they would like to promote the product to professional boxers, MMA fighters, and other sportsmen that require a rapid way to hydrate while fighting/training. What Is Electra Sports Drinks Shark Tank? Harris said she is unconcerned about the rivalry because she has experience in the industry and a strategy for success. There is no evidence of it, and it is not updated on the Barbara Corcoran website for her business list. 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. Mark Cuban praised Electras flavor and composition but couldnt invest due to his current involvement with another sports drink company. This is a very good deal for a new startup. Electra Sports Drink is a healthy alternative to traditional sports drinks that was featured on Shark Tank. Harris is well-known for her appearances on various television shows, including Good Morning America, Today, CNN, CNBC, and MSNBC, where she has provided life and business counseling, as well as for her competitive collegiate and professional sports career on TV. Since January 1995, She is the CEO of Fran Harris Enterprises, LLC Company, a marketing agency. Each 16 ounce container includes vitamins, amino acids, antioxidants, and electrolytes, but no artificial colors or chemicals are used. 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. What Happened To Electra Sports Drinks Shark Tank? Electras founder, Fran Harris, picked up a shark in a unique way in Shark Tank. Their website address is https://idrinkelectra.com/. 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. Without a doubt, one of the most annoying fees that credit cardholders have to pay is the annual fee. Each 16 oz bottle contains only 60 calories. WebNet Worth, Property and Erin Electra Insurance. We are a money-oriented website in the Philippines focusing on the stock market, banking, entrepreneurship, and investment opportunities. 193 posts. Lori Greiner and Daymond John both decided to pass, citing concerns over lack of data and personal interest in sports drinks, respectively. However, after facing tough questioning and skepticism from the Sharks, only Barbara Corcoran made an offer. Electras Net worth before appearing on Shark Tank. Since it initially aired, this new advertising has been released: As of July 2021, the deal with Barbara appears to have fallen through. If a company becomes its competitor, then they crush it. They recommend that you consume it within 3-4 days of opening it. What are the ingredients in Electra Sports Drinks? Electra Sports Drink update after $1.17 Million Shark Tank valuation Electra Beverages on Shark Tank: 5 Fast Facts You Need to Jan 8, 2021 The beverage is sweeter with a zero-calorie sugar called NCZ sweet, which is made from fermented sugarcane. 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.

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