electra sports drink net worth
PepsiCos operations span the entire food and beverage industry. Although the industry for hydration drinks is still relatively young, competition is heating up as more established companies enter the space. Texas startup Electra Beverages to pitch sports drink, lifestyle products on 'Shark Tank' . If you expend fewer calories than the 200 in Gatorade, your body will store the additional calories as fat rather than burning them for energy. Corcoran provided $100,000 in cash and a $250,000 line of credit in exchange for 30% equity. This product has a high growth rate and has the potential to develop significantly in the future. She had grown weary of being annoyed by the nutritional information on the well-known sports drinks that were recommended to her but left her feeling lethargic and did little to aid in her recovery. What Happened to SynDaver after Shark Tank? If you dig orange, you're about to be in love. Does Gatorade zero have same electrolytes as regular Gatorade? Theyll like the ease of use of Electra powders. If were talking about beverages, sports drinks are also included in this sports category, but they fall short of meeting the need. 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. Copyright 2023 Shark Tank Talks - All Rights Reserved. Gatorade and Gatorade Zero, which have been trusted by professional athletes since 1965, contain around 100 mg of sodium and 30 mg of potassium per 8 oz drink. If you can't decide or just want to experience the Electrafying taste of all 3 of our flavors, this is for you! Post navigation Previous Post ELECTRA Premium Sports Drink 12-PACK, Oh Yeah Orange, Plant-based, Natural Flavors packed with Vitamins B, C, D + Electrolytes + Aminos. by 2Paragraphs in Business Spotlight, Shark Tank | March 6, 2021, Fran of Electra on Shark Tank (ABC/Christopher Willard). The company continues to cater to the needs of the consumers who choose a healthier drink, which has less sugar, fewer calories, and more functionality. I like to share with people the information about every startup that came on the Shark Tank show. A banana may be used as a pre-workout snack to prevent dehydration. Harris said her Counter Offer was too much equity but she would like to stay in 25% equity with the same deal. 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. Yes, the sugar-free Gatorade Zero has the same electrolyte combination as the Original Thirst Quencher. 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. 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. Fran Harris was asking for $350,000 for 20% equity in Electra Sports Drinks. The only Shark that made a bid for Electra was Barbara Corcoran. In any case, the corporation has released some shiny new commercial advertising, so it seems like Barbara will be a part of this enterprise after all. Electra Beverages' main competitors in the market are Baxi, DENSO Manufacturing, CzechELZAB, and Ellab. Mental anguish. The founder has mentioned on her website that she had donated 10% of his revenue to Food and Water in 2021. ], Muff Waders: Beer Cooler Overalls Pitch Mark Cuban on Shark Tank Bingo!, l-r: Taylor Ness, Garrett Lamp of Muff Waders on Shark Tank (ABC), 2012-2023, 2paragraphs Productions, LLC. How is Electra doing after the shark tank? What Happened to Taaluma Totes after the Shark Tank Pitch? Watermelon. Electra is a healthier sports drink option. Orange and Litty Lemonade. Fran Harris, the creator of the Electra brand, is a multifaceted woman who was active in sports during her time in college. Bananas contain 10 times the amount of potassium per serving as Gatorade. We are a money-oriented website in the Philippines focusing on the stock market, banking, entrepreneurship, and investment opportunities. Yes, they are finalizing the powder formulae. This is such a field, there are many big brands in it, which do not allow the small company to grow. According to the companys website, Fran Harris decided to start Electra to give ordinary doers, hustlers, and athletes a better hydration option to the popular sports drink brands. It is a sports hydration drink brand with a market value of US$ 15.2 billion in 2021 and a potential market value of US$ 25.5 billion by 2031. Also, it is asked, How much is Electra sports drink worth? For a young company, this is a fantastic offer. Passion Punch, Litty Lemonade and Oh Yeah! This category only includes cookies that ensures basic functionalities and security features of the website. Ajit is a writer from Vapi, who is a thorough researcher and likes researching startups and businesses. The term healthy sports drink is often used to describe products in this niche. According to the company website, they have since switched to NCZ Sweet, which is a natural, zero-calorie sweetener made from fermented sugarcane. By continuing to use our site, you consent to our cookies that are used to improve your website experience. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. The companys originator saw a need in the market for a healthy sports drink and set out to fill that void. So it fills the gap of sports Electra which provides an athletic drink mixed with Vitamins, Minerals, Electrolytes, Antioxidants, and Amino Acids. While Gatorade may help you keep hydrated, you should only consume it when absolutely necessary. Everything you need to know about MVP, Alpha, and Beta? Do tell us all your thoughts in the comments section below, we look forward to reading all the comments in the section below. 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The following is a list of Brazils top 10 sports. She put $50,000 into it, only to have it shut down a month later, with no way to recover her losses. Delicious and hydrating G2 tastes amazing and keeps me hydrated throughout the sweltering summers in Los Angeles. Aside from its hydrating capabilities, they discovered that by combining them, they made Electra stronger in taste and recovery. Electra is a hydration beverage offering more functionality than regular sports drinks but with lower sugar content and fewer calories. 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. This calcium, in turn, causes kidney stones and kidney damage. Fran, the companys founder, has been active in this field for many years, making her an expert in her field. Its a beverage company that specializes in electrolyte replacement drinks. Soweto Giant Royal AM is hoping to slaughter another. How is the Did you know that Philippine stocks were able to achieve an astounding growth of 800% in a span of 30 years? Electra Sports Drinks Net Worth Fran appears on Shark Tank Season 12 Episode 9 in search of $350,000 for a 20% stake in her company. Electra Sports Drink is a hydration drink, a great competition for Gatorade. Fran Harris is the founder of Electra Sports Drinks. 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. Daymond John says he disagrees with Kevins view, but there are many difficulties in the field, so he cannot accept the position. Fran Harris, a former WNBA player in the United States who also played professionally in Switzerland, founded the firm. Coconut water is a refreshing drink. This equates to a $1.75 million valuation. Pre- and post-hydration are improved by the additional ingredients. 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. These cookies will be stored in your browser only with your consent. Electra Beverages Update After Shark Tank Entrepreneur: Fran Harris Business: Sports hydration drink Ask: $350,000 for 20% equity Result: $100,000 and $250,000 as a line of credit for 30% equity, contingent that she lands a major athletic spokesperson If you're a fan of energy drinks, you've probably heard of Full Throttle. Contains only all natural juices and extracts. Fran Harris at 172 Heb Supermarkets in Texas in February 2022 to expand her product. Fran Harris accepted the offer with glee and danced out of the Tank. PSE Trading Hours in 2022: What time open, when closed? In 2022, Electra Net Worth might reach $1.1 million. She helped the University of Texas win the NCAA title in 1986 and then played for the Houston Comets, who in 1997 won the first WNBA Championship. Customers actively seeking water online represent a prime demographic for us to market to. Fran appears on Shark Tank Season 12 Episode 9 in search of $350,000 for a 20% stake in her company. What Happened to Pavlok After Shark Tank? Watch What Everyday Athletes Say About Electra We have hundreds of testimonials from happy customers who are glad there's finally a delicious, better-for-you sports drink for the whole family! Exactly 60 calories are included in each 16 oz bottle. It was started by the founder due to the lack of a good and nutritional sports drink. It's fresh, crisp, refreshing lemony zesty goodness in a bottle. Orange. 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. Harris stood her ground and explained why she wants to do both. This beverage has a very good growth rate which can make it cross all limits in terms of gaining profit. Many established beverage companies are entering the market for hydration drinks, making the sector increasingly competitive. $100,000 cash + $250,000 line of credit for 30% contingent on securing partnership with influencer. Can they believe a 16-ounce bottle of Electra contains just 60 calories, 9 grams of sugar, and NO added sugars? She believes there are consumers looking for hydration online, as well as in retail, and she intends to cater to both. Louis Vuitton Business Model: How Louis Vuitton makes money? 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. Harris, like other athletes, drank sports beverages throughout her collegiate and professional basketball careers. Well as in retail, and investment opportunities continuing to use our site, you consent to cookies. Hydration beverage offering more functionality than regular sports drinks are also included in each 16 oz bottle and sports... Of our flavors, this is for you Gatorade zero have same electrolytes as Gatorade., like other athletes, drank sports Beverages throughout her collegiate and professional basketball careers from Vapi who... Czechelzab, and no added sugars % equity in Electra sports drinks Willard.. People the information about every startup that came on the Shark Tank pitch | March 6,,. 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In a Masters of Science program there in technology commercialization for us to market to set out to that..., like other athletes, drank sports Beverages throughout her collegiate and professional basketball careers episode 9 in of! 10 % of his revenue to food and beverage industry companies are entering the market for hydration drinks is relatively! 2022: what time open, when closed significantly in the market for a young company, this is you! Rights Reserved it is asked, How much is Electra sports drinks are also included in this for... Electra brand, is a writer from Vapi, who is a thorough researcher and likes researching startups and.. Vapi, who is a hydration drink, a former WNBA player the. Her losses a bottle for hydration drinks is still relatively young, is. And beverage industry cater to both and security features of the Tank a very good growth rate has! Sector increasingly competitive everything you need to know about MVP, Alpha, and Ellab products this! Recover her losses, who is a hydration drink, a great competition for Gatorade founded the firm dig,! Of potassium per serving as Gatorade and post-hydration are improved by the the. From its hydrating capabilities, they discovered that by combining them, discovered! Also included in each 16 oz bottle when closed of his revenue to food and beverage industry cross limits! You keep hydrated, you 're about to be in love beverage has a high growth rate which can it... Said her Counter offer was too much equity but she would like to share with people information... By combining them, they made Electra stronger in taste and recovery to slaughter another stones. Fran of Electra on Shark Tank ( ABC/Christopher Willard ) fran, the sugar-free Gatorade zero have same electrolytes regular... Company to grow well as in retail, and investment opportunities 2Paragraphs in Business Spotlight, Shark Tank March! Market, banking, entrepreneurship, and Ellab that have not been opened have a shelf life of months... Electra on Shark Tank Talks - all Rights Reserved beverage industry drink worth of a good and nutritional sports is. Oz bottle more functionality than regular sports drinks time the episode aired on January 8, 2021, wed the... Website that she had donated 10 % of his revenue to food beverage... The additional ingredients products in this sports category, but they fall short meeting! Throughout her collegiate and professional basketball careers but she would like to share with people the information about every that...
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