By offering a diverse range of products with varying flavors, formulations, and functional benefits, Electra has been able to attract a broader customer base and establish acompetitive edge in the market. But opting out of some of these cookies may have an effect on your browsing experience. 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. Touch device users, explore by touch or with swipe gestures. As of August 2022, this product is not yet available on the HEB markets, it is currently selling only on its website. I love the shark tank show I watch this show every day. She wants a Shark to help her navigate the rivers and to have extensive retail distribution. How is Electra doing after the shark tank? This product provides people with energy without making them feel bloated. This would have valued the company at $1.75 million. Harris is no stranger to the small screen. The company currently has a line of sports drinks coming in three flavors and is preparing for production with a manufacturing facility in Coppell. 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 is a sports hydration drink brand, It is made of an energy drink, which contains vitamins, antioxidants, BCAAs, and electrolytes. After the show, the deal made on Shark Tank was never closed. Talking about Electras net worth, her net worth can be $1.1 million in 2022. Barbara Corcoran said, wait lady, Im still here and gave an offer of $100,000 for 30%, along with $250,000 on a line of credit with the addition that she wanted one of the athletes to join them. Electra comes in three flavors- Passion Punch, Oh Yeah! Electra Sports Drink is still in business and doing very well. This product is widely accessible in Walmart shops around the United States. Included Founder Fran has been working in this category for a long time and she is very good to know about it. What happened to Pets.com? Can they believe a 16-ounce bottle of Electra contains just 60 calories, 9 grams of sugar, and NO added sugars? 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. What is the promo code for Electra Beverages? Whatis Wired Waffle? 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. This is also called the health sports drink category. Chris Rock and Lake Bells Romance History! She wanted to create a tough competition for Gatorade. (The PSEi is an index Good news to all government employees! What Happened to Wise Pocket Socks After Shark Tank? Mark has inked contracts with two large sports drink manufacturers, he claimed in reference to this business opportunity. During the pitch, the firms value was $1.75 million; however, the company is still in operation as of January 2022. Before coming to Shark Tank, an email has come from the Largest distributor who is going to work with them. When sending cash remittances or wire transfer to a bank account in the Philippines (such as BDO, BPI, Metrobank, Landbank, DBP, etc. Welcome Bonus - 100% bonus on your first deposit up to 5 BTC, New players only. What Happened To Electra Sports Drinks Shark Tank? Her three favorite flavors are orange and Litty Lemonade. Here is the complete analysis! Shark Lori Greiner told Harris how much she loved her, her straightforwardness, and her confidence. Net Worth of Electra Beverages. Shark Barbara Corcoran asked Harris for a breakdown of where she plans to use the $350,000 investment. As of June 2022, she was able to get her product into 172 HEBSupermarkets in Texas. Electra is made with monk fruit, which is a natural sweetener that does not contain any calories or carbohydrates. Lori gushes about how much she admires Harris intelligence and self-assurance. 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 best by date is printed on the bottles cap. What Happened To Truffle Shuffle After Shark Tank? Shein Business Model Breakdown: How Shein makes money? Electra is a sports hydration drink brand that appeared on Shark Tank in Season 12, Episode 95. Their sales rate is very good, apart from online, they also sell products in retail. Harris introduced Electra as a better-for-you functional beverage hydration company. The growth rate of this product is very good, it can grow very well in the coming time. Sharks liked the product but there were so many questions on their minds which could be clearly seen on their faces. WebElectra Beverages produces supernatural hydration drinks with no added sugars and only 60 calories per 16 oz bottle - formulated with vitamins, electrolytes and amino acides to help with prehydration, performance, recovery and rehydration. 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. Fran, the companys founder, has been active in this field for many years, making her an expert in her field. 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. WebOrange and Litty Lemonade. Athletes are Electras target market. The store also offers powder packs for $19.99. March 22, 2023 | In hitman 3 vr mod | By . This left Shark Barbara Corcoran, who talked about her previous partnership with a beverage company where she lost her investment in a month. Food & beverage. . Orange. 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. Both willing were willing to bring in their influence to move their product and invest in the company. On Season 12 of Shark Tank, former WNBA basketball champion Fran Harris pitched her new sports drink Electra. Nik is the Entertainment and Technology Editor at Imm3rsive. They are doing very well as a start-up and generated $41,000 through Kickstarter in 2020. CurlMix is a company that specializes on providing curly-haired, Read More What Happened to CurlMix After Shark Tank Pitch?Continue. Fun Golf Betting Games | Spice Up Your Golf Game! This Electra energy drink company has been running for a long time and now it is running well in May 2020 as well. 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?. Thomas and his team havent released any sales figures for 2022. What Happened to Wired Waffle After the Shark Tank Pitch? The Sharks all exit when Fran says she has a pair of excellent players eager to join the team. Daymond John says he disagrees with Kevins view, but there are many difficulties in the field, so he cannot accept the position. Fran was seeking $350,000 for a 20% stake in the company, which was valued at $1.75 million on the show. Before its appearance, the company had raised $40,000 from a WeFunder campaign. After the show, Electra became popular and famous among youngsters. WebAmerican actress, model, singer, and media personality Carmen Electra has an estimated net worth of $7 million dollars, as of 2023. Theyll like the ease of use of Electra powders. 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. H.E.B. Fran Harris, a founder of Electra, scooped up a shark in a novel way on the show Shark Tank. Fran introduces herself, the product, and hands out samples. Electra is a sports hydration drink brand that appeared in Shark Tank. In January of 2021, she opened up shop in Texas as Electra Beverages. 2,025 followers. Look no further because you can find all the SWIFT Codes you need in this list! She also worked as a health and beauty sales professional for Proctor & Gamble. $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. 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. Planning to add powdered drink mixes in the spring of 2022, which says it is still in business and is profitable. Here are the reasons for its failure! How do I make a payment to Electra Beverages? Three delicious flavors waiting to Fran Harris is the President and CEO of Electra Beverages. WebFollow. She left with a deal with Barbara Corcoran: $100,000 with a $250,000 line of credit for 30 percent, contingent on Fran getting at least one professional athlete on board. Welcome Bonus - 125% bonus on your first deposit up to $2,500, New players only. I like to share with people the information about every startup that came on the Shark Tank show. They certainly are! She received an offer from Barbara Corcoran for $100,000 in investment and a $250,000 line of credit for 30% equity. 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. With so many online customers looking for hydration, this is a very good targeted audience for us. Since January 1995, She is the CEO of Fran Harris Enterprises, LLC Company, a marketing agency. 183 following. All pricing are in US dollars. What Happened to Sarah Oliver Handbags After the Shark Tank? The companys website states that in 2021, the founder gave 10% of their income to Food and Water. There have been no studies on pregnant or nursing women. No artificial ingredients, no high-fructose corn syrup (HFCS), no refined sugars, and no salt in any of their flavours. And the company said it expects the sales of its drinks alone to hit $30 million in the next three years. also contains vitamins B3, B5, B12 and vitamin C, important vitamins for active individuals. Fran shared that she had just started this company as it was at the stage of pre-revenue. 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. What Happened to Electra Beverages After Shark Tank? If not, all bets are off, countered Corcoran. Hey friends my name is Dylan Minnette I am a Student of Bachelor of Arts. She started Electra Beverages in Texas in January 2021. In the event that another business emerges as a direct rival, this one will destroy it. Corcoran offered $100,000 in cash and a $250,000 line of credit in exchange for a 40% equity stake. This category only includes cookies that ensures basic functionalities and security features of the website. Electra is multitalented and beautiful, all of which she has used to become one of the most famous faces in show business. Yes, they are finalizing the powder formulae. The growth rate of this product is very good, it can After Harris revealed that she was in the talks with two Hall of Famers as potential investors, Corcoran agreed to lower equity. The estimated net worth of Electra Sports Drink is around $1.17 million as per the Shark investment. Majority of cardholders are familiar with this fee and majority of us likely pay this grudgingly year after year after year. 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. What Happened ToElectraAfter Shark Tank? Orange. There is no capture of the market or any offline stores. Her strategy involves selling it both in stores and directly to customers. The drink is designed to provide healthy hydration to athletes and everyday doers. With this information, Harris made a counteroffer for 25% equity for the same cash and line of credit deal. These cookies do not store any personal information. Ajit is a writer from Vapi, who is a thorough researcher and likes researching startups and businesses. 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. 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. When the sharks asked why she needed an investment? Yes, they are highly concerned about the environment. Necessary cookies are absolutely essential for the website to function properly. Bag Bowl: What Happened After Shark Tank? Her plan is that she will take it directly to the consumer and also make it available in the retail store. Her net worth mostly stems from investments she made after selling her company for $66 million, back in 2001. It is sweetened with Munk Fruit, an alternative to traditional artificial sweeteners. Bet 10 Get 50 | Best Offers in Online Gaming, 5 Star Sports Picks | The Ultimate Guide to Winning Bets Today, The High Low Golf Game | Rules, and Strategies, How to Play Scotch Golf Game? Corcoran and Harris agreed on a deal: $100,000 in investment and a $250,000 line of Rules & Strategy. Pete Kadens Net Worth: How Rich Is Pete Kadens in 2022!. Cuban added that it will be expensive. Their website address is https://idrinkelectra.com/. WebNet Worth, Property and Erin Electra Insurance. Mountain Berry Blast Xion 4, Mountain Berry Blast Powerade, Mixed Berry Powerade and. When asking the founder how he or she plans to spend $350,000, Barbara Corcoran posed the question. Electra Sports Drink update after $1.17 Million Shark Tank Strong sales performance not only translates to increased revenue but also contributes to the overall valuation and net worth of the brand. Did Electra Sports Drink get a deal on the Shark Tank? Corcoran offered $100,000 cash and a $250,000 line of credit for 30% equity. During the pitch, they asked for a valuation of $1,000,000. What Happened to IReTron After the 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. Electra Sports Drinks commitment to product innovation has also been a driving force behind its financial success. It is mandatory to procure user consent prior to running these cookies on your website. Electra is a sports hydration drink brand that appeared on Shark Tank in 2021. What Happened to Electra Beverages at Shark Tank pitch? She already managed a marketing firm, and she used his expertise to boost sales for her first product line. Electra is an all-natural sports hydration drink with no added sugars and only 60 calories per 16 oz bottle. The cost of their wares is stated at $11.9. This product has a high potential for future expansion thanks to its healthy rate of development. What Happened to Potty safe After the Shark Tank pitch? She put $50,000 into it, only to have it shut down a month later, with no way to recover her losses. This is such a field, there are many big brands in it, which do not allow the small company to grow. They recommend that you consume it within 3-4 days of opening it. Numerous companies market their high-calorie, high-sugar beverages as sports drinks.. but the drink themselves arent really my cup of tea for that reason she is out. Why Did Stayzilla Fail? Liquid I.V. 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. 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. One of the key factors behind Electra Sports Drinks success has been its strategic partnerships and endorsements. How long will it take Electra Beverages to deliver my order? So Cure Hydration, a brand from New York, has raised $2.6 million in funding. 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. It is formulated with vitamins and electrolytes and is designed to be a better-for-you sports drink for the whole family. Electra comes in three flavors- Passion Punch, Oh Yeah! Shipping a 12-pound box? OLeary asked incredulously. Wonderful who was not convinced. According to Shark Tank Talks, Electras net worth can be $1.1 million in 2022. Electra Sports Drinks is a new sports drink beverage on the market. The Sharks liked the product, but there were many objections about the difficulty of breaking into the beverage space. Electra seems to have a modest online presence, but it is still in business. WebElectra's mission is to provide supernatural and healthy hydration to everyday doers, hustlers and athletes. Harris said she is unconcerned about the rivalry because she has experience in the industry and a strategy for success. Are there any adverse effects of drinking Electra Beverages? Additionally, Electra has expanded its online presence, selling directly through its website and other e-commerce platforms. Is Electra Sports Drinks still in business? Fran enters the show looking for an investment of $200,000 in exchange for 20% of her business. 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. They are now only shipping to the United States (not including Alaska or Hawaii). New players only. Electra is an all-natural sports hydration drink that has less sugar, sodium, and artificial colors than other drinks on the market. Like most athletes, Harris has spent all of her college and professional basketball career drinking sports drinks. There are no artificial colors or ingredients and each 16 ounce bottle is loaded with vitamins, amino acids, antioxidants and electrolytes. Electra still managed to sell its drink, although it had to face a lot of trouble due to marketing. Who are the founders of Electra Sports Drink? This is a line of beverages specifically designed to keep you hydrated. Please keep refrigerated once opened. She was already running a marketing agency, so through his marketing skills, she took her initial brand to a good sales rate. Harris, a former WNBA player, founded the Dallas and Austin-based healthy sports drink company this autumn. Electra Sports Drinks was aired season 12 episode 9. Louis Vuitton Business Model: How Louis Vuitton makes money? Harris said that she is not afraid of the competitor as she has already been working in this field, and she has a plan for this business. What is the net worth of Electra Sports Drink? Why Did Move Loot Shutdown? Harris stood her ground and explained why she wants to do both. She said there are two famous celeb athletes who are willing to come on board for this business. vitamins, antioxidants, BCAAs and electrolytes. But it looks like Barbara will be involved in this business as the company recently rolled out brand new commercial ads. 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. Barbara put up $100,000 and a $250,000 line of credit in exchange for a 30% stake in the company. Contains only all natural juices and extracts. Harris accepted the deal. No, She doesnt like Drinking. Currently, Electra is only available for purchase on the companys website and is not sold in any retailers. Fran handed the samples to the sharks. What Is The Current Valuation Of Electra Sports Drinks Shark Tank? 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. 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. The founder plans to use the money he or she has acquired from Shark Tank for things like advertising and production. Electra is a sports hydration drink brand that appeared on Shark Tank Season 12 Episode 9. 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. Like other athletes, she consumed sports drinks throughout her collegiate and professional basketball careers. Hydration drinks with delicious flavors and no harmful chemicals are one of the best ways to always stay hydrated. Electra founder Fran Harris pitched well enough that the Sharks liked the business, so Barbara Corcoran invested $100,000 Cash + a $250,000 Line Of Credit For 30% Contingent On Securing a Partnership With an Influencer in it. 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. Harriss product is made in Coppell, a tiny town not far from Dallas, where she currently works full-time. ), youll surely need the SWIFT Code of the bank. Since it initially aired, this new advertising has been released: As of July 2021, the deal with Barbara appears to have fallen through. According to a research on healtline.com, it is safe for children, pregnant women, and breast-feeding mothers. In July 2021, it appeared that Barbara had not closed the deal. As Seen On Shark Tank Electra is a better-for-you hydration beverage feat. What Happened To Calm Strips After Shark Tank? 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. It always pays to know every significant detail in your business. Welcome to Imm3rsive, where we provide a fresh perspective on the latest news and updates in the entertainment industry. Consuming 12 fluid ounces (355 ml) of a common sports drink may provide about 20 grams of carbs and only 80 calories. Shark Mark Cuban commended the taste and formulation of Electra. The founder of Electra, Fran Harris, is a former WNBA basketball star who created the drink because she was dissatisfied with the high sugar content of other sports drinks on the market. Kevin warns the founder that he needs more than just sales and confidence to succeed in business. They provide a tasty and refreshing alternative to traditional sports beverages that helps with hydration while encouraging healthy living. Roominate: What Happened after Shark Tank? That she only started the company with a mere $1000 is proof of her Midas touch. Each 16 oz bottle contains only 60 calories. However, Fran Harris has been updating her backers on WeFunder. This allowed them to get started with the production and shipping of The hydration company currently has a special 15% Shark Tank discount with the code SHARK on its website. Fran goes on Shark Tank Season 12 Episode 9 in pursuit of $350,000 in exchange for a 20% ownership in her business. What Happened to CurlMix After Shark Tank Pitch? Brand Electra is a sports drink that was featured on the show Shark Tank. Here is an update on Electras net worth so far. Electra is a sports nutrition company that produces a rehydration drink in three different flavors, including Passion Punch, Litty Lemonade, and Oh Yeah Orange. WebOver 10 years we helping companies reach their financial and branding goals. By investing in high-impact marketing campaigns and leveraging the power of social media and influencer marketing, Electra has been able to expand its customer base and increase sales, ultimately contributing to its net worth. It is also non-GMO and free from gluten, soy, and dairy. It comes with numerous flavors so that people can stay hydrated according to their choice of flavor. From the founder, the shark wanted to know about the companys gross revenue, net revenue, profit, etc. The company continues to cater to the needs of the consumers who choose Their rehydrating drink comes in three flavors: Passion Punch, Litty Lemonade, and Oh Yeah Orange. However, she became frustrated by the nutritional labels of popular sports drinks, which left her feeling lethargic and did little to help her recover. It is a sports hydration drink brand with its current market value of US$ 15.2 billion in 2021 and by 2031 it could be US$ 25.5 billion. What Happened To The Blowzee After Shark Tank? The founders pitched their product to the panel of investors, showcasing the unique features and benefits of the sports drink. 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 brand has managed to secure shelf space in major retail chains, supermarkets, and convenience stores, making its products easily accessible to consumers. Even though she doesn't have as much wealth as the rest of the sharks, Barbara always comes off as a good-hearted person. This offer brought the companys valuation to $333,333.33. How much money did Barbara Corcoran put up? Kelsey McNeal | ABC Shark She announced in December2020 that Electra Powders are almost complete and will be offered in five flavors and are due for release in the spring of 2021. The company has achieved impressive sales figures year after year, thanks to its focus on quality and a dedicated consumer base. She believes there are consumers looking for hydration online, as well as in retail, and she intends to cater to both. 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. However, there are many beverage startups that are becoming a competitor of this company regarding hydration drinks. Sign up HERE. Everything you need to know about your Pitch Deck? How she breaks into this big beverage space. Also, in 2020, Electra has raised $40,000 from WeFunder. In 2020, Electra raised $40,000 from WeFunder. However, after facing tough 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. Crispy Cones Net Worth, What Happened To Tngnt Ski Bikes After The Shark Tank? Effective marketing and advertising have played a pivotal role in Electra Sports Drinks financial success. 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. Depending on the area, Electra Beverages will deliver the order within 7 days. After Shark Tank, Grind took part in the Techstars Sports Accelerator program, which helped it raise $1.6 million. In this section, we will examine the challenges and competition Electra has faced, as well as how the brand has managed to differentiate itself and carve out a niche in the sports drink market. She estimated the first production would cost between $20,000 and $30,000, and Harris indicated she was willing to take on the job. Is Electra safe to use while pregnant or nursing? The drink comes in a 16-ounce bottle containing electrolytes, vitamins, antioxidants, and amino acids. They were marketing the product to athletes and other active people who were on the go during the off-season. These drinks come in 3 different flavors Passion Punch, Orange, and Litty Lemonade. Barbara Corcoran agreed to invest $100,000 and provide a $250,000 line of credit for 30% of the company. The three flavors of these beverages are Passion Punch, Orange, and Litty Lemonade. He is pursuing his BBA and being a curious mind loves learning new things. This beverage has a very good growth rate which can make it cross all limits in terms of gaining profit. WebElectra Beverages main competitors in the market are Baxi, DENSO Manufacturing, CzechELZAB, and Ellab. This prevents him from accepting the offer. So it fills the gap of sports Electra which provides an athletic drink mixed with Vitamins, Minerals, Electrolytes, Antioxidants, and Amino Acids. 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. Electra Net Worth: $1.17 Million: What is Electra Sports Drink? Electra sports drinks are available on the company website. As of January 2022, Electra Beverages website does not presently offer a promotional code. One serving is contained in each 16oz bottle of Electra. 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 Harris encourages the Sharks to drink up and invest in Electra, her healthy sports drink, in Shark Tank episode 1210.