She already managed a marketing firm, and she used his expertise to boost sales for her first product line. iDrinkElectra Still Running Well After Shark Tank. Fran shared that she had just started this company as it was at the stage of pre-revenue. She contributed to the companys early 2020 debut with a $7212 IndieGoGo campaign. As Seen On Shark Tank Electra is a better-for-you hydration beverage feat. She estimated the first production would cost between $20,000 and $30,000, and Harris indicated she was willing to take on the job. When the sharks asked why she needed an investment? Food & beverage. However, as of July 2021, it appears that the deal with Corcoran fell through, and Electra is only available for purchase on the companys website and not in any retailers. She signed a distribution agreement in July 2022, and the company is set to expand gradually. electra sports drink net worth. 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. Copyright 2023 Shark Tank Talks - All Rights Reserved. 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. electra sports drink net worth electra sports drink net worth What Happened To Electra After Shark Tank? - Mashed Majority of cardholders are familiar with this fee and majority of us likely pay this grudgingly year after year after year. After this, Barbara negotiated and said that she would take 30%. 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. Electra Sports Drink is a hydration beverage that offers more functionality than regular sports drinks but with lower sugar content and fewer calories. 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. 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. 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 helped the company launch in early 2020 with an IndieGoGo campaign that raised $7,212. Electra Beverages 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. Electra Sports Drinks was aired season 12 episode 9. There is no exact answer whether Barbara has closed the deal with Electra, but Barbara did not mention it on her site. We will address the most pressing questions related to the brands financial accomplishments, from its inception to its current standing in the market. 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. Electra Sports Drink | Indiegogo Welcome Bonus - 125% bonus on your first deposit up to $2,500, New players only. Also Read: Pete Kadens Net Worth: How Rich Is Pete Kadens in 2022! Electra Sports Drink operates in a highly competitive industry, with well-established players such as Gatorade and Powerade dominating the market. Ajit is a writer from Vapi, who is a thorough researcher and likes researching startups and businesses. Harriss product is made in Coppell, a tiny town not far from Dallas, where she currently works full-time. Brand Electra is a sports drink that was featured on the show Shark Tank. James Tupper Net Worth: Lets Dig IntoCanadian ActorLavish Life! Shark Barbara Corcoran asked Harris for a breakdown of where she plans to use the $350,000 investment. Fruit Punch Powerade functions like Electra Sports Drinks. Mark Cuban praised Electras flavor and composition but couldnt invest due to his current involvement with another sports drink company. Planning to add powdered drink mixes in the spring of 2022, which says it is still in business and is profitable. Before coming to Shark Tank, an email has come from the Largest distributor who is going to work with them. 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. Your email address will not be published. Barbara Corcoran was the only Shark to make an offer, proposing $100,000 cash and a $250,000 line of credit in exchange for 40% equity. In the following sections, we will delve into the various factors that have contributed to Electras net worth, including its sales, partnerships, and endorsements. 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. Webelectra sports drink net worth electra sports drink net worth. Also, in 2020, Electra has raised $40,000 from WeFunder. Depending on the area, Electra Beverages will deliver the order within 7 days. Also Read: Patrick Carney Net Worth: A Real-Time Update on Richer Life! Electra is multitalented and beautiful, all of which she has used to become one of the most famous faces in show business. The founder plans to use the money he or she has acquired from Shark Tank for things like advertising and production. It is a sports hydration drink brand with its current market value of US$ 15.2 billion in 2021 and by 2031 it could be US$ 25.5 billion. 1.75 Million USD (business valuation) Electras Current Net worth (2022) 1.1 Million USD. During the pitch, they asked for a valuation of $1,000,000. 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. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. What Happened to Uro Club After Shark Tank Pitch? Electra is a hydration beverage offering more functionality than regular sports drinks but with lower sugar content and fewer calories. What happened to Electra after Shark Tank? WebElectra Sports Drink update after Shark Tank questions - Marketing - StuDocu hvkvk electra sports drink update after million shark tank valuation article the article listed above and complete the following summary of the what is the net Sign inRegister Sign inRegister Home Ask an ExpertNew My Library Courses You don't have any courses yet. 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. As of August 2022, Electra is not yet available on HEB markets, it is currently selling only on its website. WebElectra Champion. 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 Pets.com? Bag Bowl: What Happened After Shark Tank? The new challenger coming to the industry is Electra, a sports drink brand by former WNBA player, Fran Harris. Dont forget to give it a good shake before serving. Through her trading business Fran Harris Enterprises, LLC, she not only supervises Electra but also provides motivational speaking, mentorship to players and coaches, and sports facility development advice. Net Worth That she only started the company with a mere $1000 is proof of her Midas touch. She has held the position of a chief executive officer at the advertising firm Fran Harris Enterprises, LLC since its inception in January 1995. The drink comes in a variety of flavors, including Passion Punch, Litty Lemonade, and Electra-berry. Upon reading the contents on the nutritional labels, she saw that the sports drinks were mostly sugar, artificial food color, and salt. Devils Advocate Theory: Does It Help Organisations? Without a doubt, one of the most annoying fees that credit cardholders have to pay is the annual fee. What Happened to Wired Waffle After the Shark Tank Pitch? Daymond John says he disagrees with Kevins view, but there are many difficulties in the field, so he cannot accept the position. Necessary cookies are absolutely essential for the website to function properly. Due to this, it is also expanded in many supermarkets. The Biggest Distributor, who is going to work with them, emailed them before they came on Shark Tank. IReTron is a Los Gatos, California-based ecommerce and, Read More What Happened to IReTron After the Shark Tank Pitch?Continue, What Happened to CurlMix After Shark Tank Pitch? Barbara Corcoran said how will you spend this $350,000 money to the founder, In this, the founder said that she would spend $20K to $30K on production, and the rest of the amount she would hire Logistics, Sales, and Marketing People. 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. also contains vitamins B3, B5, B12 and vitamin C, important vitamins for active individuals. Electra comes in three flavors- Passion Punch, Oh Yeah! What Happened to Potty safe After the Shark Tank pitch? Fran Harris enthusiastically accepted the offer and danced her way out of the Tank. Electra on Shark Tank: Heres what makes this sports drink special Who is the founder of Electra Sports Drinks? Included She asked for $350,000 in exchange for 20% equity in her company. Fran goes on Shark Tank Season 12 Episode 9 in pursuit of $350,000 in exchange for a 20% ownership in her business. WebElectra is only available on the companys website and is not available in any stores. She created Electra Beverages because she felt there was too much sugar in the $23 billion, Gatorade dominated sports hydration drink market. Electra is a sports hydration drink brand, It is made of an energy drink, which contains vitamins, antioxidants, BCAAs, and electrolytes. How is Electra doing after the shark tank? Books Confidence is not enough. Shark Daymond John agreed and was also out. There is no evidence of it, and it is not updated on the Barbara Corcoran website for her business list. Manage Settings However, she knew that she needed to gain more knowledge in running a beverage company. Before its appearance, the company had raised $40,000 from a WeFunder campaign. However, Greiner said, sports drinks are not her cup of tea and decided that she was out. 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. After Shark Tank, Electra was featured by many big companies, which increased the brands trust score. how do seals adapt to their environment list of level 1 trauma centers in california electra sports drink net worth. We and our partners use cookies to Store and/or access information on a device. Chris Rock and Lake Bells Romance History! Lori Greiner and Daymond John both decided to pass, citing concerns over lack of data and personal interest in sports drinks, respectively. The Sharks liked the product, but there were many objections about the difficulty of breaking into the beverage space. In July 2021, it appeared that Barbara had not closed the deal. Electras founder, Fran Harris, has many interests and was an athlete in college. Fran Harris encourages the Sharks to drink up and invest in Electra, her healthy sports drink, in Shark Tank episode 1210. By aligning itself with high-profile figures and organizations, Electra has managed to increase its visibility, credibility, and desirability. Why Did Stayzilla Fail? Electra has not posted on Twitter since 2021, Facebook since early 2022, nor Instagram since summer 2022. This is a very good deal for a new startup. After the show, Electra became popular and famous among youngsters. 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. They also sell a variety of branded clothing. Look no further because you can find all the SWIFT Codes you need in this list! Like most athletes, Harris has spent all of her college and professional basketball career drinking sports drinks. They are doing very well as a start-up and generated $41,000 through Kickstarter in 2020. Barbara stated that she did not have access to the full $350,000, but that she would be willing to pay $100,000 in cash and take out a $250,000 line of credit in exchange for 40% equity. Orange and Litty Lemonade, are free of artificial colors or ingredients and each After retiring from basketball, Harris became a sales executive in consumer packaged goods for Proctor and Gamble. An example of data being processed may be a unique identifier stored in a cookie. Price Floor and Price Ceiling of PSE Stocks, $100,000 cash plus $250,000 line of credit for 30% equity. Why Did Move Loot Shutdown? The drink comes in a 16-ounce bottle containing electrolytes, vitamins, antioxidants, and amino acids. The Dough Bar offers healthier doughnut, Read More What Happened to The Dough Bar After Shark Tank?Continue, What Happened to IReTron After the Shark Tank Pitch? 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. Get your 20 Free Spins at this retro themed,Crypto Casino. The panel included Sharks Mark Cuban, Kevin OLeary, Daymond John, Barbara Corcoran and Lori Greiner. On the show, Harris stated that Electra uses Munk fruit as a natural sweetener. After the show, when the episode aired, Electra sports became popular and famous among youngsters. Touch device users, explore by touch or with swipe gestures. Also Read: James Tupper Net Worth: Lets Dig IntoCanadian ActorLavish Life! Harris accepted the deal. 2,025 followers. Despite early hardships, Electra is still in business following Harris appearance on Shark Tank. These cookies do not store any personal information. Please keep refrigerated once opened. What Happened to Electra Beverages After Shark Tank? Bottles that have not been opened have a shelf life of 12 months. Yes, they are finalizing the powder formulae. During the pitch, the firms value was $1.75 million; however, the company is still in operation as of January 2022. However, the deal was never closed. 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.