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. 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. Whatis Wired Waffle? 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. So it fills the gap of sports Electra which provides an athletic drink mixed with Vitamins, Minerals, Electrolytes, Antioxidants, and Amino Acids. WebElectra Beverages main competitors in the market are Baxi, DENSO Manufacturing, CzechELZAB, and Ellab. [Related:27 FavoriteShark TankProductsat Amazon New List], Since shooting the Shark Tank episode in August 2020, Fran reports monkfruit was the sweetener of Electra. This equates to a $1.75 million valuation. 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. After Shark Tank, she got funding and she paid marketing of her product through this fund. During the pitch, the firms value was $1.75 million; however, the company is still in operation as of January 2022. Shipping will cost between $6 and $12 depending on the area and form of dispatch for their 16 FL oz. If a company becomes its competitor, then they crush it. The entrepreneur stated that she would spend between $20,000 and $30,000 on production and that the remaining funds would be used to staff logistics, sales, and marketing. It always pays to know every significant detail in your business. They are now only shipping to the United States (not including Alaska or Hawaii). However, it seems that the deal with Corcoran fell through as of July 2021. Customers actively seeking water online represent a prime demographic for us to market to. This product is widely accessible in Walmart shops around the United States. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. 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. A significant factorin Electra Sports Drinks financial success has been its strong sales performance and extensive distribution network. Electras founder Fran Harris has a net worth of 900,000 USD as of 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. This is not surprising, considering that in school, students are primarily taught to become employees after graduation. Daymond John says he disagrees with Kevins view, but there are many difficulties in the field, so he cannot accept the position. Books In 2020, Electra raised $40,000 from WeFunder. After Shark Tank, Electra was featured by many big companies, which increased the brands trust score. This website uses cookies to improve your experience while you navigate through the website. Harris then chose this time to reveal that she is in talks with an NFL Hall of Famer and an NBA Hall of Famer. Her plan is that she will take it directly to the consumer and also make it available in the retail store. It also has very little sugar or artificial sweeteners. The sports drink comes in three flavorsLitty Lemonade, Passion Punch, and Oh Yeah! The founders pitched their product to the panel of investors, showcasing the unique features and benefits of the sports drink. Orange. Also, in 2020, Electra has raised $40,000 from WeFunder. As Electra Sports Drink continues to evolve and adapt to the ever-changing landscape of sports, fitness, and consumer preferences, its net worth is expected to grow. During Season 12 Episode 9 of Shark Tank, Fran Harris appeared seeking $350,000 for a 20% stake in her sports nutrition company, Electra. Q2. On the show, Harris stated that Electra uses Munk fruit as a natural sweetener. The company is still in business as of January 2022, and the yearly revenue has not been reported. 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. 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. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. What Happened to Electra Beverages After Shark Tank? Fran Harris encourages the Sharks to drink up and invest in Electra, her healthy sports drink, in Shark Tank episode 1210. Patrick Carney Net Worth: A Real-Time Update on Richer Life! Harris said she would do the first production for a value of $20K to $30K. Oh, yeah, passion punches! The companys originator saw a need in the market for a healthy sports drink and set out to fill that void. Fran enters the show looking for an investment of $200,000 in exchange for 20% of her business. What Happened to Wise Pocket Socks After Shark Tank? She has held the position of a chief executive officer at the advertising firm Fran Harris Enterprises, LLC since its inception in January 1995. 193 posts. 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. The added components make for better prehydration and rehydration. Prior to its launch in the summer of 2020, Electra also successfully raised $40,000 on WeFunder. If a player wants to maintain his form, he must also focus on his physical health. The Longhairs is a well-known brand for, Read More What Happened to Longhairs after Shark Tank Pitch?Continue, What Happened to Wired Waffle After the Shark Tank Pitch? Barbara put up $100,000 and a $250,000 line of credit in exchange for a 30% stake in the company. | All You Need to Know. Welcome to Imm3rsive, where we provide a fresh perspective on the latest news and updates in the entertainment industry. electra sports drink net worth. Fran, the companys founder, has been active in this field for many years, making her an expert in her field. The estimated net worth of Electra Sports Drink is around $1.17 million as per the Shark investment. What The company also had a campaign on Indiegogo but interestingly, it only raised 72% of its $10,000 funding goal. Shark Mark Cuban commended the taste and formulation of Electra. After Harris revealed that she was in the talks with two Hall of Famers as potential investors, Corcoran agreed to lower equity. Fran Harris, a former WNBA star, is the founder of Electra sports drink. She created Electra Beverages because she felt there was too much sugar in the $23 billion, Gatorade dominated sports hydration drink market. Fran Harris, a former WNBA player in the United States who also played professionally in Switzerland, founded the company. What Happened To Happi Floss After Shark Tank? Talking about the valuation of the hydration drinks market, it has a market value of USD 15.2 Billion which is growing slowly. Touch device users, explore by touch or with swipe gestures. 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. Here are the reasons for its failure! The founder plans to use the money he or she has acquired from Shark Tank for things like advertising and production. Her strategy involves selling it both in stores and directly to customers. Csport Casan Biz Lines | How Does it Work? How is the Did you know that Philippine stocks were able to achieve an astounding growth of 800% in a span of 30 years? Harriss product is made in Coppell, a tiny town not far from Dallas, where she currently works full-time. Harris was thrilled with the partnership with Barbara Corcoran and believed that she would continue to succeed with her support. They also sell a variety of branded clothing. 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. By continuing to use our site, you consent to our cookies that are used to improve your website experience. These drinks come in 3 different flavors Passion Punch, Orange, and Litty Lemonade. Electra is a sports hydration drink brand, It is made of an energy drink, which contains vitamins, antioxidants, BCAAs, and electrolytes. Despite these uncertainties, Electra Sports Drinks track record of innovation and adaptability indicates that the brand is well-equipped to navigate these challenges and capitalize on future growth opportunities. How she breaks into this big beverage space. This episode was re-aired for the first time just two months after it first aired. ), youll surely need the SWIFT Code of the bank. She also worked as a health and beauty sales professional for Proctor & Gamble. With a devoted following and an expanding product line, Electra Sports Drink has experienced significant financial success. As of January 2022, the company is still in operation. Continue with Recommended Cookies. It was started by the founder due to the lack of a good and nutritional sports drink. In the following sections, we will delve into the various factors that have contributed to Electras net worth, including its sales, partnerships, and endorsements. According to Shark Tank Blog, Harris' unique idea of a healthy but efficient energy drink seemed to have caught the interest of at least one Shark, Barbara Corcoran. There is no evidence of it, and it is not updated on the Barbara Corcoran website for her business list. The brand, however, is not so much active on its social media site Facebook, Twitter, and Instagram. She invested in herself by attending BevNet, a premier beverage conference. 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. 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. Theyre also gluten-free, so anyone with that ailment may consume their beverage without worry. Fran introduces herself, the product, and hands out samples. What Happened to Longhairs after Shark Tank Pitch? After and before Shark Tank, Electra was featured by many big companies, due to which the trust score of this brand increased. Harris had virtually no sales as she had just started the company. Your email address will not be published. Save my name, email, and website in this browser for the next time I comment. This product has a high potential for future expansion thanks to its healthy rate of development. So Cure Hydration, a brand from New York, has raised $2.6 million in funding. After retiring from basketball, Harris became a sales executive in consumer packaged goods for Proctor and Gamble. Electra is a hydration beverage offering more functionality than regular sports drinks but with lower sugar content and fewer calories. Consequently, these partnerships and endorsements have played a crucial role in boosting the brands net worth. The three flavors, Passion Punch, Oh Yeah! No artificial ingredients, no high-fructose corn syrup (HFCS), no refined sugars, and no salt in any of their flavours. Barbara Corcoran agreed to invest $100,000 and provide a $250,000 line of credit for 30% of the company. Electra Sports Drink is only available on its website. The drink comes in a 16-ounce bottle containing electrolytes, vitamins, antioxidants, and amino acids. Shark Lori Greiner told Harris how much she loved her, her straightforwardness, and her confidence. The market for hydration drinks is worth about USD 15.2 billion and is expanding steadily. Currently, Electra is only available for purchase on the companys website and is not sold in any retailers. On Season 12 of Shark Tank, former WNBA basketball champion Fran Harris pitched her new sports drink Electra. For added benefit, Liquid I.V. Each 16 oz bottle contains only 60 calories. Orange. Talking about Electras net worth, her net worth can be $1.1 million in 2022. 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. In this article, we will explore the brands net worth, diving into the factors that have contributed to its growth and success. What Happened To The Blowzee After Shark Tank? They have a high rate of sales, and in addition to selling online, they also sell to stores. WebWhen autocomplete results are available use up and down arrows to review and enter to select. Electra sports drink is available only on their website and nowhere else. I love the shark tank show I watch this show every day. Instagram fitness celebrity @shaunt released a video about this natural sports hydration drink. 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. The company is still in operation, with headquarters in Austin, Texas, and a modest full-time personnel complement. Everything you need to know about your Pitch Deck? After reading the nutritional labels, she discovered that sports drinks were mainly composed of sugar, artificial food coloring, and salt. Their sales rate is very good, apart from online, they also sell products in retail. Manage Settings Yes, She likes to go to the gym. She signed a distribution agreement in July 2022, and the company is set to expand gradually. The term healthy sports drink is often used to describe products in this niche. Harris is no She claims she requires the funds for a manufacturing run, research and development, and marketing support. Corcoran offered to invest $100,000 in cash and a $250,000 line of credit for 30% equity. Fran Harris was asking for $350,000 for 20% equity in Electra Sports Drinks. No, She doesnt like Drinking. What website does Electra Beverages have? She has been on Good Morning America, Nowadays, CNN, CNBC, and MSNBC as a life and business advisor, in addition to competing in collegiate and professional sports on television. Electra is marketed as a supernatural hydration drink that is a game changer for athletes and anyone looking for a healthier sports drink option. Through strategic partnerships, endorsements, product innovation, and effective marketing efforts, the brand has managed to carve out a niche in the competitive sports drink market and amass significant wealth. If were talking about beverages, sports drinks fall into this category as well, but theyre not quite up to snuff. Chris Rock and Lake Bells Romance History! To understand the financial success of Electra Sports Drink, its essential to explore its origins and the factors that led to its creation. Electra Beverages is a company that sells sports nourishment. 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. Despite early hardships, Electra seems to still be in business with a modest online presence. Electra is a sports hydration drink brand that appeared in Shark Tank. Also Read: Pete Kadens Net Worth: How Rich Is Pete Kadens in 2022! Can they believe a 16-ounce bottle of Electra contains just 60 calories, 9 grams of sugar, and NO added sugars? Their website address is https://idrinkelectra.com/. This hydration drink is a new market, gradually the competition is building in it, and many big brands are coming into this section. Electra Sports Drinks was aired season 12 episode 9. 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?. The company continues to cater to the needs of the consumers who choose Despite early hardships, Electra is still in business following Harris appearance on Shark Tank. This is a very good deal for a new startup. According to a research on healtline.com, it is safe for children, pregnant women, and breast-feeding mothers.
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