In the event that another business emerges as a direct rival, this one will destroy it. This amount is considerably less than Fran Harrris $1.75 Million appraisal that she provided to the Sharks during her pitch. What Happened To Range Beauty After The Shark Tank? 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. This is such a field, there are many big brands in it, which do not allow the small company to grow. Yes, the former Proctor & Gamble executive is going up against Gatorade, which dominates the $23 billion industry. This equates to a $1.75 million valuation. In 2022, Electras estimated net worth might reach $1.1 million. Orangefor a reason. She helped the University of Texas win the NCAA title in 1986 and then played for the Houston Comets, who in 1997 won the inaugural WNBA Championship. The estimated net worth of Electra Sports Drink is around $1.17 million as per the Shark investment. 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. The panel included Sharks Mark Cuban, Kevin OLeary, Daymond John, Barbara Corcoran and Lori Greiner. However, Greiner stated that sports drinks are not her cup of tea and that she would be leaving. What Happened to Table 87 Pizza after Shark Tank? What Happened To Recode Studio After Shark Tank India. Is Electra Sports Drink still in business? What were the Sharks offers for Electra? The market for hydration drinks is worth an estimated USD 15.2 billion and is expanding at a sluggish rate. In an industry dominated by a giant, who better to challenge the incumbent than a brand started by a champion athlete? So, she created Electra. The companys website states that in 2021, the founder gave 10% of their income to Food and Water. They are targeting $80-$100 million in sales by the next 5 years. 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. View the Top 5 Tennis [], As neighboring Gulf nations want to profit from the event, Saudi Arabia will provide fans multiple-entry permits for the World Cup in Qatar, officials announced on Thursday. ELECTRA Premium Sports Drink 12-PACK, Oh Yeah Orange, Plant-based, Natural Flavors packed with Vitamins B, C, D + Electrolytes + Aminos. Millions of employees of the Philippine government including public school teachers, nurses and staff of government hospitals, and workers in local and national government agencies, etc. Decoy effect: Why it matters in business? What Happened To Slice of Sauce After The Shark Tank? Corcoran agreed to cut equity after Harris revealed that she was in contact with two Hall of Famers about prospective investors. Electra Net Worth $1.17 Million How did Electra start? Corcoran provided $100,000 in cash and a $250,000 line of credit in exchange for 30% equity. These beverages are often heavy in sugar and low in sodium (salt), an electrolyte commonly lost during diarrhea and vomiting. After and before Shark Tank, Electra was featured by many big companies, due to which the trust score of this brand increased. [Related:27 FavoriteShark TankProductsat Amazon New List], Since shooting the Shark Tank episode in August 2020, Fran reports monkfruit was the sweetener of Electra. Even though 1500 mg per day is considered the daily limit, a single bottle of Gatorade (591 ml or 20 oz) has 270 mg of sodium, or 11% of the daily maximum. They have reportedly made the transition to NCZ Sweet, a natural, calorie-free sweetener derived from fermented sugarcane, which is mentioned on the companys website. PepsiCo is the parent company of Gatorade. 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. This is a line of beverages specifically designed to keep you hydrated. Electra updated their formulation after listening to feedback from consumers. They are now only shipping to the United States (not including Alaska or Hawaii). This statement made all the sharks out of the deal. The sympathetic nervous system is built for quick flight or fight situations. She asked for $350,000 in exchange for 20% equity in her company. Do yourself a favor - get this in your mouth and tummy today! Is Electra Sports Drink still in business? She has served as the companys CEO since January 1995. As there is no evidence of it, it also is not updated on the Barbara Corcoran website for her business list. Its a beverage company that specializes in electrolyte replacement drinks. Yes, Electra is still in business today. Powerade, on the other hand, has additional micronutrients, such as magnesium, niacin, and vitamins B6 and B12, all of which are necessary in your health. Shein Business Model Breakdown: How Shein makes money? Why Did Stayzilla Fail? The following is a list of Brazils top 10 sports. Choosing a selection results in a full page refresh. It's estimated that she earns as much as $1 million per year through TV residuals, television appearances, and social media endorsements. Numerous companies market their high-calorie, high-sugar beverages as sports drinks.. 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. New York-based brand Cure Hydration has successfully raised $2.6 million. How will TRAIN affect income taxes of individuals and corporations? A New York company called Cure Hydration has successfully raised $2.6 million. Milk. Customers actively seeking water online represent a prime demographic for us to market to. They provide a tasty and refreshing alternative to traditional sports beverages that helps with hydration while encouraging healthy living. 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. The founder has mentioned on her website that she had donated 10% of his revenue to Food and Water in 2021. Dont forget to give it a good shake before serving. In its pitch, the company stated that its 5-year target is $80-$100 million in sales. Intriguingly, the companys Indiegogo campaign only managed to raise 72% of its $10,000 financing target. How to Become a Sports Betting Consultant? Gamblers fallacy: Why it matters in business? Hydrate with Gnarly Nutrition. It also sells powder packs at a price of $19.99. Fran Harris at 172 Heb Supermarkets in Texas in February 2022 to expand her product. Confidence may be important when dealing with other products or categories, but it is useless in this industry. In general, Pedialyte may be the best option for rehydrating due to sickness because of the increased electrolyte content, but Gatorade may be better for sports or similar reasons because of the added sugar and calories. How much is Electra worth now? The only Shark that made a bid for Electra was Barbara Corcoran. Her strategy involves selling it both in stores and directly to customers. The firm indicated in their pitch that its 5-year objective for revenue is between $80-$100 million. The Electra sports drink company, owned by former WNBA star Fran Harris, is the latest competitor entering the market. She wanted to create a tough competition for Gatorade. If your senior is basically healthy and needs electrolytes right away, its OK. Texas startup Electra Beverages to pitch sports drink, lifestyle products on Shark Tank https://t.co/G362vaKUWJ, Austin Inno (@AustinInno) January 18, 2021. Web. On Season 12 of Shark Tank, former WNBA basketball champion Fran Harris pitched her new sports drink Electra. Is there electrolytes in Gatorade Zero? 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. This Electra energy drink company has been running for a long time and now it is running well in May 2020 as well. Top Free Invoice and Legal Documents Tool, How to write Startup Elevator Pitch with Examples, Essential Startup Tools to Help You Launch in No Time. After the show, when the episode aired, Electra sports became popular and famous among youngsters. Many established companies have already established themselves as leaders in this market. Sharks liked the product but there were so many questions on their minds which could be clearly seen on their faces. What Happened to Pavlok After Shark Tank? Harriss product is made in Coppell, a tiny town not far from Dallas, where she currently works full-time. I started investing in mutual funds when I was 22 years old. What Happened to SynDaver after Shark Tank? Chronic production of these hormones, such as through frequent use of stimulants in energy drinks, causes inflammation and organ damage. It's fresh, crisp, refreshing lemony zesty goodness in a bottle. Harris has drank sports drinks her whole collegiate and professional basketball careers, as do the majority of athletes. Electra has had luck raising $40,000 on WeFunder before its launch in the summer of 2020. 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. Drinks to Keep You Hydrated Labs Skratch Hydration Drink Mix for Sports. Her plan is that she will take it directly to the consumer and also make it available in the retail store. The founder of Electra Sports Drink expects to reach $30 million in sales in the next 3 years. What Happened To Diaper Dust After The Shark Tank? $100,000 cash + $250,000 line of credit for 30% contingent on securing partnership with influencer. Electra is a sports hydration drink brand, It is made of an energy drink, which contains vitamins, antioxidants, BCAAs, and electrolytes. There are many brands already in this field. Yes, the former Proctor & Gamble executive is going up against Gatorade, which. Read on to find out what happened to the business after securing a deal with Barbara Corcoran on Shark Tank. It is a sports hydration drink brand with a market value of US$ 15.2 billion in 2021 and a potential market value of US$ 25.5 billion by 2031. Pete Kadens Net Worth: How Rich Is Pete Kadens in 2022. Then something happened. What Happened to Taylor Robinson Music after Shark Tank? Eyes and cheeks sunk. They certainly are! Fruit Punch Powerade functions like Electra Sports Drinks. 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. I like the Litty Lemonade because it's refreshing with a good balance of sweet 'n sour. However, Greiner said, sports drinks are not her cup of tea and decided that she was out. Best of all, my kids love it. Fran Harris accepted the offer with glee and danced out of the Tank. After coming from Electra Shark Tank, they were free marketing, there are many people who watch Shark Tank, because of this their sales increased for some time. 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. An estimated US$15.2 billion will be spent on this sports hydration drink brand in 2021, and this number might rise to US$25.5 billion by 2031. ZERO added sugars. You also have the option to opt-out of these cookies. Try these 5 meals that replace electrolytes quickly the next time you need an electrolyte boost. However, it seems that my favorite varieties, Lemon Lime and Raspberry Lemonade (which were formerly available at Vons/Safeway/Pavillions), have been discontinued. 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. Why Did Friendster Shutdown? The founder plans to use the money he or she has acquired from Shark Tank for things like advertising and production. (The PSEi is an index Good news to all government employees! We also use third-party cookies that help us analyze and understand how you use this website. Soccer, basketball, football (soccer), volleyball, and cycling are the top 5 sports in Brazil. 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. He is pursuing his BBA and being a curious mind loves learning new things. 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. She earned her B.S. Hydration drinks with delicious flavors and no harmful chemicals are one of the best ways to always stay hydrated. 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! Their sales rate is very good, apart from online, they also sell products in retail. Talking about the valuation of the hydration drinks market, it has a market value of USD 15.2 Billion which is growing slowly. Their rehydration drink is available in three different flavours: Passion Punch, Litty Lemonade, and Oh Yeah Orange. $100,000 cash plus $250,000 line of credit for 30% equity: Also, in 2020, electra has raised $40,000 from wefunder.. Orange and Litty Lemonade. This category only includes cookies that ensures basic functionalities and security features of the website. Former WNBA player, Fran Harris from Dallas, Texas is used to winning. If you dig orange, you're about to be in love. The American Heart Association recommends that adults consume fewer than 1500 mg of salt per day. This hydration drink is a new market, gradually the competition is building in it, and many big brands are coming into this section. https://superjoepardo.com/rocketBiz Coach, Super Joe . There is no sign that the transaction has closed, and the company has not been listed on Barbaras website, although they may still be in due diligence. Electra is a sports hydration drink brand that appeared in Shark Tank. Both are devoid of fat and protein. What happened to Hike Messenger? What sports drink is best for hydration. PSE Trading Hours in 2022: What time open, when closed? Both were eager to use their influence to promote their product and invest in the firm. Customers who are thirsty can acquire its items for shipment immediately from their website and participating stores. He cant continue working with this company since they are too dominant in the market and wont let his startup succeed. Wonderful who was not convinced. But opting out of some of these cookies may have an effect on your browsing experience. The most well-known sports drink in the world, Gatorade, dominates the billion-dollar sports beverage market. She observed that when she used to play sports, she had to consume hydration drinks for 30 years, without any option available to them. We are a money-oriented website in the Philippines focusing on the stock market, banking, entrepreneurship, and investment opportunities. Shark Barbara Corcoran requested a summary of Harris plans for the $350,000 investment. However, she knew that she needed to gain more knowledge in running a beverage company. The company is still in operation, with headquarters in Austin, Texas, and a modest full-time personnel complement. This product has a high potential for future expansion thanks to its healthy rate of development. Corcoran offered to invest $100,000 in cash and a $250,000 line of credit for 30% equity. Wikipedia. Please contact [emailprotected] and they will respond as quickly as possible. Latest Update! Here's a quick look at what Fran Harris and her sports drink company is up to now! She then laid out her offer of investing $100,000 cash upfront plus a $250,000 line of credit in exchange for a 40% stake in the company. In 2022, Electra 's estimated net worth might reach $1.1 million. With this information, Harris made a counteroffer for 25% equity for the same cash and line of credit deal. Watermelon. Passion Punch, Litty Lemonade and Oh Yeah! It's calledOh Yeah! How she breaks into this big beverage space. The Electra companys creator has put up $350,000 in exchange for 20% of his firms stock on Shark Tank. So Cure Hydration, a brand from New York, has raised $2.6 million in funding. In conclusion, Gatorade has more sugar, whereas Pedialyte contains more electrolytes. She helped the University of Texas win the NCAA title in 1986 and then played for the Houston Comets, who in 1997 won the inaugural WNBA Championship. In terms of Electra's net worth, she is estimated to be worth$1.1 million in 2022. This calcium, in turn, causes kidney stones and kidney damage. People also ask, Did Electra get a Shark Tank deal? If a player wants to maintain his form, he must also focus on his physical health. Please look at recycling programs in their area. SHIPPING our delicious electrolyte POWDERS in the United States! Electrolytes derived from natural sources, free of added sugars and colors, are advised. Deal with Barbara Corcoran on Shark Tank. She also worked as a television host for Home Rules on HGTV and spent two years teaching college students at the University of Texas at Austin. Many established beverage companies are entering the market for hydration drinks, making the sector increasingly competitive. 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. Corcoran proposed a $100,000 cash investment and a $250,000 credit line in exchange for a 30% stake in the company. [BONUS:StreamanyABC showthrough theABC GO Digital Appfound here. Electra is a sports nutrition company. 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. Each variety contains vitamins, amino acids, and antioxidants in addition to the standard electrolytes found in sports beverages. Fran Harris, a former WNBA star, is the founder of Electra sports drink. She put $50,000 into it, only to have it shut down a month later, with no way to recover her losses. Your tongue will thank you for the berrylicious goodness known asPassion Punch. Fran Harris, a former WNBA player from Dallas, Texas, is accustomed to success. Ill give you 30% if you bring both huge fish in with us. If not, all bets are off, Corcoran said. Orange in one pack. Also Read: Patrick Carney Net Worth: A Real-Time Update on Richer Life! In Texas, she launched Electra Beverages in January 2021. How much Gatorade should you drink a day? Although the industry for hydration drinks is still relatively young, competition is heating up as more established companies enter the space. BadBlood:JenniferLawrenceDiscussesHerDecisiontoLeave, Antonio Dennard NFL Cornerbacks Net Worth After His Tragic Death, Electra Drink Net Worth: What Happened to Electra in Shark Tank?. Your email address will not be published. Save my name, email, and website in this browser for the next time I comment. This website uses cookies to improve your experience while you navigate through the website. The electra sports drink review is a product that has been around for quite some time now. She observed that when she used to play sports, she had to consume hydration drinks for 30 years, without any option available to them. June 10, 2022. Yes, Electra is still in business as of November 2022. 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. electra drink net worth. Harris also showed she has the wisdom to hire her dream team. An estimated US$15.2 billion will be spent on this sports hydration drink brand in 2021, and this number might rise to US$25.5 billion by 2031. This new commercial has been released since it first aired. Harris said that around $30,000 will be spent on inventory, $25,000 on research and development, and the remainder on logistics, sales, and marketing. She also showed the Sharks that she knew her business front and back. Fran handed the samples to the sharks. The added components make for better prehydration and rehydration. This equates to a $1.75 million valuation. She graduated from the University of Texas and has worked as an ESPN analyst and college basketball coach. Fran Harris enthusiastically accepted the offer and danced her way out of the Tank. What is better than Gatorade for electrolytes? Mental anguish. Soft area on the top of the head. Barbara Corcoran was the lone Shark who gave an offer for Electra. Shipping a 12-pound box? OLeary asked incredulously. 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. What Is The Electra Net Worth? Electra Beverages' main competitors in the market are Baxi, DENSO Manufacturing, CzechELZAB, and Ellab. Full Throttle is an energy drink that is owned by Coca-Cola. Published in Blog and Shark Tank Products. There have been no studies on pregnant or nursing women. Gatorade contains less vitamins than Powerade. Also, it is asked, How much is Electra sports drink worth? The Biggest Distributor, who is going to work with them, emailed them before they came on Shark Tank. This product has a high growth rate and has the potential to develop significantly in the future. For a young company, this is a fantastic offer. Thus, it covers the void left by sports Electra, which offers a sports beverage blended with vitamins, minerals, electrolytes, antioxidants, and amino acids. Electras founder, Fran Harris, has many interests and was an athlete in college. It's fantastic! Ideal for athletes of all ages. Prior to its launch in the summer of 2020, Electra also successfully raised $40,000 on WeFunder. 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. In January of 2021, she opened up shop in Texas as Electra Beverages. Caps, T-shirts, and other items are also available, with prices ranging from $19.95 to $29.95. Each 16 oz bottle only contains 60 calories. A banana may be used as a pre-workout snack to prevent dehydration. Calcium is abundant in dairy products such as milk and yogurt. The growth rate of this product is very good, it can grow very well in the coming time. She has held the position of a chief executive officer at the advertising firm Fran Harris Enterprises, LLC since its inception in January 1995. This beverage has a very good growth rate which can make it cross all limits in terms of gaining profit. Endurance Nutrition Tailwind Fuel. The sports beverage industry is a billion-dollar industry ruled by the worlds most popular sports drink, Gatorade. Did Electra get a deal on Shark Tank? Magic Dates Net Worth After They Seen On Shark Tank! 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 surprised the Sharks and prompted Shark Kevin OLeary to ask What is the plan for you to get distribution in the bone-crushing business?. Bottles that have not been opened have a shelf life of 12 months. Electra Sports Drink is still in business and doing very well. They have a high rate of sales, and in addition to selling online, they also sell to stores. Similarly, How much does Electra drink cost? Due to this, it is also expanded in many supermarkets. Pre- and post-hydration are improved by the additional ingredients. Fran Harris, a former WNBA player from Dallas, Texas, is accustomed to success. This product's projected growth rate is excellent; it should do well in the market in the years to come. After Harris revealed that she was in the talks with two Hall of Famers as potential investors, Corcoran agreed to lower equity. Electra is a game changer. Not too tart, not too sweet. The potassium content is excellent for the number of calories. Mark Cubans current relationship with another sports drink firm, on the other hand, prevents him from investing in competitors. Fran Harris Enterprises is a marketing firm. There is no data on sell-through here, said Mr. 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. Fran Harris accepted the invitation gladly and danced her way out of the Tank. Cramps. But it looks like Barbara will be involved in this business as the company recently rolled out brand new commercial ads. Yes, Electras Fran Harris chose to partner with Barbara Corcoran. They are targeting $80-$100 million in sales by the next 5 years. 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. Mountain Berry Blast Xion 4, Mountain Berry Blast Powerade, Mixed Berry Powerade and. What Happened to Byoot Swimwear After Shark Tank? This value is significantly lower than Fran Harrris' valuation of $1.75 Million during her pitch to the Sharks. There are many brands that sell their product under the name of sports drink and it contains high calories, sugar, etc. The clear liquid inside a coconut is called coconut water or coconut juice. He had wished Harris through the video. When the sharks asked why she needed an investment? As of June 2022, she was able to get her product into 172 HEBSupermarkets in Texas. After Shark Tank, she got funding and she paid marketing of her product through this fund. When sending cash remittances or wire transfer to a bank account in the Philippines (such as BDO, BPI, Metrobank, Landbank, DBP, etc. This is highly popular right now for a variety of items. Bananas. The hydration company currently has a special 15% Shark Tank discount with the code SHARK on its website. As seen in the Shark Tank episode, Harris was exuding confidence and optimism about her brand and her capability to succeed in the harsh world of sports beverages. Harris, Fran She led the University of Texas to an NCAA championship in 1986 and went on to play with the Houston Comets, who won their first WNBA title in 1997. Do tell us all your thoughts in the comments section below, we look forward to reading all the comments in the section below. Here is the complete analysis! She was fed up with being frustrated by the nutritional label of the popular sports drinks shed been urged to consume, which left her feeling lethargic and did little to help her recuperate. After this, Barbara started haggling and eventually settled for a 30% cut. You may even gain weight if you consume it while exercising! Why Did Secret fail? Fran appears on Shark Tank Season 12 Episode 9 in search of $350,000 for a 20% stake in her company. Contains only all natural juices and extracts. but the drink themselves arent really my cup of tea for that reason she is out. Lululemon Business Model: How Lululemon makes money? Fran presents herself, the product, and distributes samples. If there is any other product or category than this, then confidence is useful in it but not in this business. From the founder, the shark wanted to know about the companys gross revenue, net revenue, profit, etc. Barbara Corcoran was the only Shark that made a bid for Electra. It is also said to aid in rehydration, recuperation, and performance. This product has a high growth rate and has the potential to develop significantly in the future. Here are the reasons for its failure! will be getting an automatic salary adjustment this 2022 under Before you take the plunge into stock trading and investing, make sure you understand what stocks are and how the Philippine Stock Exchange (PSE) operates. Download isFREE. Electra is only sold on the companys website and is not accessible in any retailers. Harris indicated that Electra used Munk fruit as a substitute for sugar throughout the show. For a $100,000 investment and a $250,000 line of credit, Shark Barbara Corcoran purchased a 30% share in Electra, depending on Harris signing at least one of the sports hall-of-famers she claimed was ready to market the companys drinks. ROCKET YOUR SALES: Super Joe Pardo's FREE PDF guide with 5 Proven Methods to Increase Your Sales! Fran Harris, the founder of the Electra brand, is a multitalented female who has been athletic in her college time. All pricing are in US dollars. 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. Yes, the sugar-free Gatorade Zero has the same electrolyte combination as the Original Thirst Quencher. Harris has drank sports drinks her whole collegiate and professional basketball careers, as do the majority of players. Minus Cal: What Happened After Shark Tank? What happened to Electra after Shark Tank? For three hours, no wet diapers. Corcoran offered $100,000 cash and a $250,000 line of credit for 30% equity. Both willing were willing to bring in their influence to move their product and invest in the company. The company behind it has just recently started selling their products through Amazon. Electra is a healthier sports drink option. 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Shark Tank Season 12 Episode 9 features the all-natural sports hydration drink startup, Electra. Fran Harris, a former WNBA player in the United States who also played professionally in Switzerland, founded the firm. Kristin Chenoweth Net Worth: How American Actress Become so Rich? Like most athletes, Harris has spent all of her college and professional basketball career drinking sports drinks. If were talking about beverages, sports drinks are also included in this sports category, but they fall short of meeting the need. 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. The Sharks applauded her great pitch for her energy drink which she ended with an invitation to end the tyranny of these sugary sports drinks., Electra had only launched 10 days ago at the time of taping and has not sold anything yet. 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 Harris was asking for $350,000 for 20% equity in Electra Sports Drinks. Who are the founders of Electra Sports Drink? Fran has almost no sales because her firm is still in its early stages. It is a product that people love to use, because it tastes great and is perfect for athletes. Unlike other investments that are relatively safe, stock trading is risky and loss of money is a possibility. With Barbara Corcorans investment of $350,000 in cash and a line of credit for 30% equity, Electra Beverages is valued at $1.17 million. Because of customer input, Electra modified their original formula. 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. Bag Bowl: What Happened After Shark Tank? Shark Tank Talks is not affiliated with or endorsed by any other company associated with ABC, Sony, the producers, and the television show Shark Tank. She led the University of Texas to an NCAA championship in 1986 and went on to become part of the Houston Comets team that won its first WNBA Championship in 1997. Electra Sports Drink is still in business and doing very well. The market for hydration drinks is worth about USD 15.2 billion and is expanding steadily. She said there are two famous celeb athletes who are willing to come on board for this business. Endurance Drink for energy. Pedialyte is also more effective than sodas, juices, or sports drinks in replenishing your fluid levels. She signed a distribution agreement in July 2022, and the company is set to expand gradually. The cost of their wares is stated at $11.9. This was a good training ground for her in the world of business, distribution, and retail. While Gatorade may help you keep hydrated, you should only consume it when absolutely necessary. Belief isnt enough. Shark Daymond John agreed and left as well. Harris is currently working full-time in this business and her product is manufactured in Coppell, a small place outside Dallas. What is Founder Vesting and how does it work? Bananas are a good source of potassium and may help to rebuild the bodys depleted potassium level. Coconut water is a refreshing drink. Aside from its hydrating capabilities, they discovered that by combining them, they made Electra stronger in taste and recovery. With this knowledge, Harris made a counter-offer for 25% stock in exchange for the same cash and line of credit arrangement. In July 2022, she signed a deal with some distributors, and now it is about to grow slowly. Shark Lori Greiner told Harris how much she admired her candour and self-assurance. She has been an announcer on ESPN and a life and business coach on Good Morning America, Today, CNN, CNBC, and MSNBC. Dec 30, 2020, 08:56 ET. Stick to water, milk, or juice as much as possible. What happened to Electra Sports Drink after Shark Tank? The last local company to successfully appear on the ABC show was Fort Worth-based shaving startup . Copyright 2023 Shark Tank Talks - All Rights Reserved. You may get Electra sports to drink exclusively from their online store. 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. 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.She discovered that the majority of the ingredients in the sports drinks were salt, sugar, and fake food colors after reading the nutritional labels. Check their Failure Analysis here! Electra 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. Texas startup Electra Beverages to pitch sports drink, lifestyle products on 'Shark Tank' . Gatorade, on the other hand, has 10 more calories and slightly more salt per serving than Powerade. The brand, however, is not so much active on its social media site Facebook, Twitter, and Instagram. She estimated the first production would cost between $20,000 and $30,000, and Harris indicated she was willing to take on the job. I love the shark tank show I watch this show every day. Net Worth of Electra Beverages During the pitch, the firm's value was $1.75 million; however, the company is still in operation as of January 2022. If you're a fan of energy drinks, you've probably heard of Full Throttle. Talking about the price of their product, it is $11.9. What happened to Pets.com? This is a very good deal for a new startup. Carbon dioxide is released, stomach pressure rises, foam forms, and the lower esophageal sphincter can no longer retain everything in the stomach. Corcoran agreed to reduce stock after Harris disclosed that she was in discussions with two Hall of Famers as potential investors. Fran Harris, a member of Electra, has decided to work with Barbara Corcoran as a business partner. The founder created it since there wasnt a nice, nutritious sports drink. It's exactly what you'd expect if a raspberry, strawberry and Electra-berry jump into the pool and jump out a beverage. Louis Vuitton Business Model: How Louis Vuitton makes money? She cant join us because I dont particularly enjoy the alcoholic beverages on offer. It is a sports hydration drink brand with its current market value of us$ 15.2 billion in 2021 and by 2031 it could be us$ 25.5 billion.Electra sports drink net worth 2022; Electra was launched this fall, with a line of sports drinks that currently come in three flavors, with powdered versions expected to be available in. Required fields are marked *. With Barbara on board, I know Ill keep winning, said Harris. Fran Harris, a former NBA basketball champion, sold her new sports drink Electra on Season 12 of Shark Tank. They also sell a variety of branded clothing. It is a kind of a drinks brand that makes hydration drinks. Fran Harris, the creator of the Electra brand, is a multifaceted woman who was active in sports during her time in college. In 2022, Electra 's estimated net worth might reach $1.1 million. Electra sports drinks are available on the company website. The company has a website where you can buy the product. All of the beverages are $11.99 each, with a three-pack, six-pack, or 12-pack Electra Variety Box available. There are three varieties available for these drinks: Passion Punch, Orange, and Litty Lemonade. Theyll like the ease of use of Electra powders. An estimated US$15.2 billion will be spent on this sports hydration drink brand in 2021, and this number might rise to US$25.5 billion by 2031. The drink comes in a 16-ounce bottle containing electrolytes, vitamins, antioxidants, and amino acids. Bananas are considered the king of potassium-rich fruits and vegetables. Brand Electra is a sports drink that was featured on the show Shark Tank. The best by date is printed on the bottles cap. Fran appears on Shark Tank Season 12 Episode 9 in search of $350,000 for a 20% stake in her company. The founder of the Electra Drink brand has asked for $350,000 in exchange for her companys 20% equity in Shark Tank. Hydration Drink Mix for Sports. 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. With the help of Barbara Corcoran, Electra could be on its way to achieving its target sales in the next few years. Fran Harris, a former WNBA star, is the founder of Electra sports drink. 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. Currently shipping. She offered $100,000 Cash + $250,000 Line Of Credit For 30% Contingent on Securing Partnership with Influencer. 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