Webelectra sports drink net worth electra sports drink net worth. We are a money-oriented website in the Philippines focusing on the stock market, banking, entrepreneurship, and investment opportunities. 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. Shipping a 12-pound box? OLeary asked incredulously. The growth rate of this product is very good, it can There is no data on sell-through here, said Mr. The Electra companys creator has put up $350,000 in exchange for 20% of his firms stock on Shark Tank. Harris said she is unconcerned about the rivalry because she has experience in the industry and a strategy for success. Electra is an all-natural sports hydration drink with no added sugars and only 60 calories per 16 oz bottle. electra sports drink net worth With this information, Corcoran agreed to lower her equity request to 30%, and Harris accepted her offer. Before its appearance, the company had raised $40,000 from a WeFunder campaign. Orange. The sports drink comes in three flavorsLitty Lemonade, Passion Punch, and Oh Yeah! The drink comes in a variety of flavors, including Passion Punch, Litty Lemonade, and Electra-berry. She observed that when she used to play sports, she had to consume hydration drinks for 30 years, without any option available to them. How is Electra doing after the shark tank? Because of this, he cannot sign this offer. Fran Harris is the founder of Electra Beverages, as well as the CEO of Harris Enterprises, LLC. 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. 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. 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? 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. 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. Electra Sports Drinks is a new sports drink beverage on the market. What is the promo code for Electra Beverages? The company was founded by Fran Harris to provide a better hydration option for major sports drink brands, targeting daily doers, hustlers, and athletes . Confidence is not enough. Shark Daymond John agreed and was also out. During her pitch on Shark Tank, Harris asked for $350,000 in exchange for 20% equity in her company. Harris played an instrumental role in leading the University of Texas to an NCAA championship in 1986 and played for the Houston Comets, who won their first WNBA title in 1997. CurlMix is a company that specializes on providing curly-haired, Read More What Happened to CurlMix After Shark Tank Pitch?Continue. Fran Harris enthusiastically accepted the offer and danced her way out of the Tank. Electra is an all-natural sports hydration drink that contains vitamins, antioxidants, BCAAs, and electrolytes. After Shark Tank, Electra was featured by many big companies, which increased the brands trust score. 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. Talking about the valuation of the hydration drinks market, it has a market value of USD 15.2 Billion which is growing slowly. PSE Trading Hours in 2022: What time open, when closed? Fran Harris had years of experience as an athlete, which taught her discipline, getting used to winning, and welcoming competition. For a young company, this is a fantastic offer. After this, Barbara started haggling and eventually settled for a 30% cut. 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. Electra is a sports hydration drink brand, It is made of an energy drink, which contains vitamins, antioxidants, BCAAs, and electrolytes. Electra Net Worth: $1.17 Million: What is Electra Sports Drink? Corcoran and Harris agreed on a deal: $100,000 in investment and a $250,000 line of Theyre also gluten-free, so anyone with that ailment may consume their beverage without worry. The panel included Sharks Mark Cuban, Kevin OLeary, Daymond John, Barbara Corcoran and Lori Greiner. Louis Vuitton Business Model: How Louis Vuitton makes money? This is not surprising, considering that in school, students are primarily taught to become employees after graduation. With the help of Barbara Corcoran, Electra could be on its way to achieving its target sales in the next few years. 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. 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. Regarding this business offer, Mark said that he has already signed a deal with two major sports drink manufacturer brands. Manage Settings Bottles that have not been opened have a shelf life of 12 months. Save my name, email, and website in this browser for the next time I comment. What Happened To OverEZ Chicken Coops After Shark Tank? Electra sports drinks are available on the company website. $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 is a hydration beverage offering more functionality than regular sports drinks but with lower sugar content and fewer calories. What Happened to Uro Club After Shark Tank Pitch? She has held the position of a chief executive officer at the advertising firm Fran Harris Enterprises, LLC since its inception in January 1995. Q3. This would have valued the company at $1.75 million. Food & beverage. This category only includes cookies that ensures basic functionalities and security features of the website. Is Electra Sports Drink still in What Happened To Brumachen After The Shark Tank? Talking about the price of their product, it is $11.9. Corcoran offered $100,000 cash and a $250,000 line of credit for 30% equity. Lori Greiner and Daymond John both decided to pass, citing concerns over lack of data and personal interest in sports drinks, respectively. What is The Dough Bar? Orange and Litty Lemonade, are free of artificial colors or ingredients and each During the pitch, the firms value was $1.75 million; however, the company is still in operation as of January 2022. As an Overseas Filipino Worker (OFW) then, I was fortunate to be able to save some money at that young age because of my work abroad. No, She doesnt like Drinking. There is no capture of the market or any offline stores. It is a sports hydration drink brand with its current market value of US$ 15.2 billion in 2021 and by 2031 it could be US$ 25.5 billion. One serving is contained in each 16oz bottle of Electra. The company is still in business as of January 2022, and the yearly revenue has not been reported. Does She go to the gym? 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. To understand the financial success of Electra Sports Drink, its essential to explore its origins and the factors that led to its creation. Yes, they are finalizing the powder formulae. Liquid I.V. There are no artificial colors or ingredients and each 16 ounce bottle is loaded with vitamins, amino acids, antioxidants and electrolytes. She offered $100,000 Cash + $250,000 Line Of Credit For 30% Contingent on Securing Partnership with Influencer. The drink comes in three flavors: Litty Lemonade, Passion Punch, and Oh Yeah! Best Sports Drinks Founder Fran has been working in this category for a long time and she is very good to know about it. 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. Consequently, these partnerships and endorsements have played a crucial role in boosting the brands net worth. Electra Beverages sells how many products? 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. Why Did Move Loot Shutdown? 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. He is pursuing his BBA and being a curious mind loves learning new things. However, she became frustrated by the nutritional labels of popular sports drinks, which left her feeling lethargic and did little to help her recover. This product provides people with energy without making them feel bloated. Fran Harris decided to create Electra to provide a healthier hydration alternative to the big brands of sports drink for everyday doers, hustlers, and athletes according to its website. 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? What are the new income tax rates under the TRAIN law? Electra comes in three flavors- Passion Punch, Oh Yeah! ), youll surely need the SWIFT Code of the bank. Sharks liked the product but there were so many questions on their minds which could be clearly seen on their faces. 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. The three flavors of these beverages are Passion Punch, Orange, and Litty Lemonade. Harris then chose this time to reveal that she is in talks with an NFL Hall of Famer and an NBA Hall of Famer. What Happened To Truffle Shuffle After Shark Tank? In July 2021, it appeared that Barbara had not closed the deal. They were marketing the product to athletes and other active people who were on the go during the off-season. WebElectra's mission is to provide supernatural and healthy hydration to everyday doers, hustlers and athletes. Electra Beverages is a better-for-you functional beverage company. It is mandatory to procure user consent prior to running these cookies on your website. Aside from its hydrating capabilities, they discovered that by combining them, they made Electra stronger in taste and recovery. This is a very big player in the category who does not allow the small business to survive, so because of this, he is out of this deal. Coffee Meets Bagel Shark Tank Net Worth 2023. Yes, she had a deal with Barbara Corcoran. She said there are two famous celeb athletes who are willing to come on board for this business. 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. Licensing effect: How it impact businesses? Q2. How much money did Barbara Corcoran put up? They have a high rate of sales, and in addition to selling online, they also sell to stores. Texas startup Electra Beverages to pitch sports drink, lifestyle Like other athletes, she consumed sports drinks throughout her collegiate and professional basketball careers. All pricing are in US dollars. Fran Harris encourages the Sharks to drink up and invest in Electra, her healthy sports drink, in Shark Tank episode 1210. 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. During her pitch on Shark Tank, Harris asked for $200,000 for 20% of her business. After this, Barbara negotiated and said that she would take 30%. Ten (10) % of our 2021 revenues will be donated to programs that help to eradicate food and water insecurity, as well as those that focus on STEM, The estimated net worth of Electra Sports Drink is around $1.17 million as per the Shark investment. 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. Although the industry for hydration drinks is still relatively young, competition is heating up as more established companies enter the space. How is the Did you know that Philippine stocks were able to achieve an astounding growth of 800% in a span of 30 years? Difference between Heuristic and Biases and their types? This prevents him from accepting the offer. linktr.ee/idrinkelectra. Barbara put up $100,000 and a $250,000 line of credit in exchange for a 30% stake in the company. What You Didnt See on TV at Oscars 2023: Florence Pugh Takes a Selfie, Lady. The brand has managed to secure shelf space in major retail chains, supermarkets, and convenience stores, making its products easily accessible to consumers. Cozy Bug: What Happened After Shark Tank? The three flavors, Passion Punch, Oh Yeah! Fran, the companys founder, has been active in this field for many years, making her an expert in her field. | All You Need to Know. What website does Electra Beverages have? As of June 2022, she was able to get her product into 172 HEBSupermarkets in Texas. Welcome Bonus - 100% bonus on your first deposit up to 5BTC. What Happened To Ice Cream Canteen After Shark Tank? iDrinkElectra Still Running Well After Shark Tank. It is a sports hydration drink brand with a market value of US$ 15.2 billion in 2021 and a potential market value of US$ 25.5 billion by 2031.