Electra is only sold on the companys website and is not accessible in any retailers. Stick to water, milk, or juice as much as possible. She was already running a marketing agency, so through his marketing skills, she took her initial brand to a good sales rate. The hydration company currently has a special 15% Shark Tank discount with the code SHARK on its website. If you can't decide or just want to experience the Electrafying taste of all 3 of our flavors, this is for you! 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. In 2021, the market value for this particular type of sports hydration drink is estimated at $15.2 billion; by 2031, that number might rise to $25.5 billion. Yes, the former Proctor & Gamble executive is going up against Gatorade, which. After this, Barbara started haggling and eventually settled for a 30% cut. The company has a website where you can buy the product. Litty Lemonade does you one better. Published in Blog and Shark Tank Products. In terms of Electras net worth, she is estimated to be worth $1.1 million in 2022. Her plan is that she will take it directly to the consumer and also make it available in the retail store. 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. For three hours, no wet diapers. Full Throttle is an energy drink that is owned by Coca-Cola. Also Read: James Tupper Net Worth: Lets Dig IntoCanadian ActorLavish Life! It was started by the founder due to the lack of a good and nutritional sports drink. Harris is no stranger to television. Drinks to Keep You Hydrated Labs Skratch Hydration Drink Mix for Sports. Here is the complete analysis! Corcoran provided $100,000 in cash and a $250,000 line of credit in exchange for 30% equity. 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. In the event that another business emerges as a direct rival, this one will destroy it. You may get Electra sports to drink exclusively from their online store. Everything you need to know about MVP, Alpha, and Beta? Not too tart, not too sweet. The companys website states that in 2021, the founder gave 10% of their income to Food and Water. Press the space key then arrow keys to make a selection. For a young company, this is a fantastic offer. 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. ROCKET YOUR SALES: Super Joe Pardo's FREE PDF guide with 5 Proven Methods to Increase Your Sales! Latest Update! Because of customer input, Electra modified their original formula. Lululemon Business Model: How Lululemon makes money? How much is Electra worth now? When sobbing, there are no tears. I've never tasted a sports drink this good -- and it's good FOR you. 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. Electra is an all-natural sports hydration drink brand that featured in Shark Tank Season 12 Episode 9. 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. Orange in one pack. 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. Why is there a playoff for third place in the World Cup? The clear liquid inside a coconut is called coconut water or coconut juice. Post navigation Previous Post On Season 12 of Shark Tank, former WNBA basketball champion Fran Harris pitched her new sports drink Electra. They also sell a variety of branded clothing. Do yourself a favor - get this in your mouth and tummy today! Why Did PRIM Shutdown? Pedialyte is also more effective than sodas, juices, or sports drinks in replenishing your fluid levels. Shark Mark Cuban commended the taste and formulation of Electra. [Related:27 FavoriteShark TankProductsat Amazon New List], Since shooting the Shark Tank episode in August 2020, Fran reports monkfruit was the sweetener of Electra. Champions League Napoli v Liverpool Match Preview, Cristiano Ronaldos Early Exit From Manchester United Friendly Inadmissible: Erik Ten Hag, Ronaldo goalscoring accolades continue as he reaches 700 club mark, Global Education Technology Market (2022 to 2028) Size, Share & Industry Trends Analysis Report, The Top 10 Richest Female Golfers of all Time, $100,000 cash plus $250,000 line of credit for 30% equity. Also, in 2020, Electra has raised $40,000 from WeFunder. Also Read: Patrick Carney Net Worth. There are many brands that sell their product under the name of sports drink and it contains high calories, sugar, etc. They are targeting $80-$100 million in sales by the next 5 years. 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. Lori gushes about how much she admires Harris intelligence and self-assurance. This is a very good deal for a new startup. You may experience dizziness if the quantity of electrolytes in your body is either high or too low. 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. ZERO added sugars. What Happened To Junobie After The Shark Tank? But opting out of some of these cookies may have an effect on your browsing experience. Also Read: Pete Kadens Net Worth: How Rich Is Pete Kadens in 2022! Currently shipping. And I feel good giving it to them. Copyright 2023 Shark Tank Talks - All Rights Reserved. These sports practice a lot in public [], World Cup enthusiasts get Saudi visas as Gulf neighbors profit. Slam Dunk? What were the Sharks offers for Electra? $100,000 cash plus $250,000 line of credit for 30% equity: Also, in 2020, electra has raised $40,000 from wefunder.. She assisted in the companys early 2020 debut with an IndieGoGo campaign that raised $7212. After much discussion, Barbara Corcoran made a counteroffer that was $100,000 Cash + $250,000 Line Of Credit For 30% Contingent On Securing a Partnership With the Influencer and the deal was finalized. What Happened to Tail Lightz after Shark Tank? However, she knew that she needed to gain more knowledge in running a beverage company. Fran Harris had years of experience as an athlete, which taught her discipline, getting used to winning, and welcoming competition. Orange. The companys originator saw a need in the market for a healthy sports drink and set out to fill that void. in journalism from the University of Texas at Austin before enrolling in a Masters of Science program there in technology commercialization. Fran Harris, a founder of Electra, scooped up a shark in a novel way on the show Shark Tank. (The PSEi is an index Good news to all government employees! She announced in December2020 that Electra Powders are almost complete and will be offered in five flavors and are due for release in the spring of 2021. It is a sports hydration drink brand with its current market value of US$ 15.2 billion in 2021 and by 2031 it could be US$ 25.5 billion. Dont forget to give it a good shake before serving. Electra sports drink net worth $565 million Sports drinks sold 999.7 million 192-ounce bottles in the United States alone. I started investing in mutual funds when I was 22 years old. What should a failed startup founder do next? Yes, Electra is still in business today. The company also had a campaign on Indiegogo but interestingly, it only raised 72% of its $10,000 funding goal. Fran presents herself, the product, and distributes samples. 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. In 2022, Electras estimated net worth might reach $1.1 million. Mark has inked contracts with two large sports drink manufacturers, he claimed in reference to this business opportunity. Wonderful, who was sceptical, said. ELECTRA Premium Sports Drink 12-PACK, Oh Yeah Orange, Plant-based, Natural Flavors packed with Vitamins B, C, D + Electrolytes + Aminos. This is a very big player in the category who does not allow the small business to survive, so because of this, he is out of this deal. A litre of Sprite with two bananas is more than the stomach can handle. There is no data on sell-through here, Mr. Endurance Nutrition Tailwind Fuel. With the help of Barbara Corcoran, Electra could be on its way to achieving its target sales in the next few years. PepsiCo is the parent company of Gatorade. She offered $100,000 Cash + $250,000 Line Of Credit For 30% Contingent on Securing Partnership with Influencer. People also ask, Did Electra get a Shark Tank deal? According to a research on healtline.com, it is safe for children, pregnant women, and breast-feeding mothers. Electra Sports Drink is still in business and doing very well. Yes, the sugar-free Gatorade Zero has the same electrolyte combination as the Original Thirst Quencher. When sending cash remittances or wire transfer to a bank account in the Philippines (such as BDO, BPI, Metrobank, Landbank, DBP, etc. 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. Shark Tank Season 12 Episode 9 features the all-natural sports hydration drink startup, Electra. There is no exact answer whether Barbara has closed the deal with Electra, but Barbara did not mention it on her site. Strongly recommended. Price Floor and Price Ceiling of PSE Stocks, $100,000 cash plus $250,000 line of credit for 30% equity. The Electra companys creator has put up $350,000 in exchange for 20% of his firms stock on Shark Tank. All of the beverages are $11.99 each, with a three-pack, six-pack, or 12-pack Electra Variety Box available. The funding that the founder has raised from Shark Tank is going to be used for marketing and manufacturing. Harris introduced Electra as a better-for-you functional beverage hydration company. After the show, the deal made on the Shark Tank was never closed. I like to share with people the information about every startup that came on the Shark Tank show. Watermelon. Here is the complete analysis! 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. According to the company website, they have since switched to NCZ Sweet, which is a natural, zero-calorie sweetener made from fermented sugarcane. Fran Harris also now offers a Shark Tank Audition masterclass course for entrepreneurs who want to get the chance to pitch their business on the show. The Biggest Distributor, who is going to work with them, emailed them before they came on Shark Tank. Fran Harris accepted the invitation gladly and danced her way out of the Tank. Numerous companies market their product as sports drinks while packing them with calories, sugar, and other unhealthy ingredients. Electra is a sports hydration drink brand, It is made of an energy drink, which contains vitamins, antioxidants, BCAAs, and electrolytes. Upon reading the contents on the nutritional labels, she saw that the sports drinks were mostly sugar, artificial food color, and salt. Fran Harris, a former WNBA star, is the founder of Electra sports drink. So, she created Electra. There is no capture of the market or any offline stores. Dec 30, 2020, 08:56 ET. If were talking about beverages, sports drinks are also included in this sports category, but they fall short of meeting the need. We also use third-party cookies that help us analyze and understand how you use this website. SHIPPING our delicious electrolyte POWDERS in the United States! She was tired of being frustrated by the nutritional label of the popular sports drinks shes been told to drink but left her feeling sluggish and did not help her recover at all. Why do you need a Co-founder for your Startup? 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. Endurance Drink for energy. She started Electra Beverages in Texas in January 2021. Intriguingly, the companys Indiegogo campaign only managed to raise 72% of its $10,000 financing target. Shark Barbara Corcoran asked Harris for a breakdown of where she plans to use the $350,000 investment. Instagram fitness celebrity @shaunt released a video about this natural sports hydration drink. This category only includes cookies that ensures basic functionalities and security features of the website. What Happened To Range Beauty After The Shark Tank? 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. 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. Fran Harris, a former WNBA player from Dallas, Texas, is accustomed to success. This value is significantly lower than Fran Harrris valuation of $1.75 Million during her pitch to the Sharks. It always pays to know every significant detail in your business. The term healthy sports drink is often used to describe products in this niche. 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. How is Electra doing after the shark tank? He is pursuing his BBA and being a curious mind loves learning new things. She invested in herself by attending BevNet, a premier beverage conference. In reality, several drinks that are often thought to be dehydrating, such as coffee and beer, hydrate the body almost as well as water. Disney Chairman and Former CEO Bob Iger Return With a Statement! She wanted to create a tough competition for Gatorade. Talking about the price of their product, it is $11.9. 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. A banana may be used as a pre-workout snack to prevent dehydration. Majority of cardholders are familiar with this fee and majority of us likely pay this grudgingly year after year after year. Bottles that have not been opened have a shelf life of 12 months. Dairy. Fran introduced herself and then gave a demonstration of her product and explained its benefits. 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. If not, all bets are off, countered Corcoran. During the pitch, they asked for a valuation of $1,000,000. Founder Fran has been working in this category for a long time and she is very good to know about it. What Happened To Rule Breaker In Shark Tank? How can I get electrolytes without drinking Gatorade? The cost of their wares is stated at $11.9. 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. In July 2022, she signed a deal with some distributors, and now it is about to grow slowly. Watermelon juice (and other fruit juices) Smoothies. Customers actively seeking water online represent a prime demographic for us to market to. 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. She observed that when she used to play sports, she had to consume hydration drinks for 30 years, without any option available to them. Yes, the former Proctor & Gamble executive is going up against Gatorade, which dominates the $23 billion industry. It is a product that people love to use, because it tastes great and is perfect for athletes. Former WNBA player, Fran Harris from Dallas, Texas is used to winning. He cant continue working with this company since they are too dominant in the market and wont let his startup succeed. Gatorade contains less vitamins than Powerade. She has served as the companys CEO since January 1995. The estimated net worth of Electra Sports Drink is around $1.17 million as per the Shark investment. Electra is a hydration drink with reduced sugar and calorie content and greater functionality than typical sports beverages. These cookies do not store any personal information. Shark Mark Cuban praised Electras flavour and composition. 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. The top female tennis players who put their all into their matches and fight hard to win the championship have come out of certain tennis competitions. Barbara Corcoran, who discussed her prior engagement with a beverage firm, in which she lost her investment in a month. Shark Barbara Corcoran requested a summary of Harris plans for the $350,000 investment. Electra Beverages is valued at $1.17 Million with Barbara Corcoran's investment of $350,000 in combined cash and line of credit for 30% equity. Fran has almost no sales because her firm is still in its early stages. 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. Patrick Carney Net Worth: A Real-Time Update on Richer Life! Texas startup Electra Beverages to pitch sports drink, lifestyle products on 'Shark Tank' . New York-based brand Cure Hydration has successfully raised $2.6 million. Barbara Corcoran was the only Shark that made a bid for Electra. In 2022, Electra 's estimated net worth might reach $1.1 million. The following is a list of Brazils top 10 sports. It is a kind of a drinks brand that makes hydration drinks. 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. It comes with numerous flavors so that people can stay hydrated according to their choice of flavor. Harris said she is unconcerned about the rivalry because she has experience in the industry and a strategy for success. Harris indicated that Electra used Munk fruit as a substitute for sugar throughout the show. Why Did Secret fail? What is a Representative heuristic and how does it impacts your business? Harris explained that she plans to sell directly to consumers online and in retail. How to Become a Sports Betting Consultant? 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. ], 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. Do tell us all your thoughts in the comments section below, we look forward to reading all the comments in the section below. Pete Kadens Net Worth: How Rich Is Pete Kadens in 2022!. Electra still managed to sell its drink, although it had to face a lot of trouble due to marketing. Aside from its hydrating capabilities, they discovered that by combining them, they made Electra stronger in taste and recovery. It is also said to aid in rehydration, recuperation, and performance. Brand Electra is a sports drink that was featured on the show Shark Tank. The market for hydration drinks is worth an estimated USD 15.2 billion and is expanding at a sluggish rate. Confidence may be important when dealing with other products or categories, but it is useless in this industry. What Happened To Electra After Shark Tank? Waters with electrolytes. Passion Punch, Litty Lemonade and Oh Yeah! Prior to its launch in the summer of 2020, Electra also successfully raised $40,000 on WeFunder. 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 Electra companys creator has put forth a $350,000 price tag in exchange for 20% of the companys stock on Shark Tank. Excessive use of sports drinks such as Gatorade raises the risk of this occurring. Theyll like the ease of use of Electra powders. In an industry dominated by a giant, who better to challenge the incumbent than a brand started by a champion athlete? What Happened To Diaper Dust After The Shark Tank? Gamblers fallacy: Why it matters in business? Hey friends my name is Dylan Minnette I am a Student of Bachelor of Arts. Electra Sports Drink is a hydration drink, a great competition for Gatorade. Pete Kadens Net Worth: How Rich Is Pete Kadens in 2022. Bananas contain 10 times the amount of potassium per serving as Gatorade. What happened to Hike Messenger? When the sharks asked why she needed an investment? So it fills the gap of sports Electra which provides an athletic drink mixed with Vitamins, Minerals, Electrolytes, Antioxidants, and Amino Acids. Source: 2paragraphs.com Electra is a healthier sports drink option. She signed a distribution agreement in July 2022, and the company is set to expand gradually. They certainly are! PSE Trading Hours in 2022: What time open, when closed? She has held the position of a chief executive officer at the advertising firm Fran Harris Enterprises, LLC since its inception in January 1995. Harris, like other athletes, drank sports beverages throughout her collegiate and professional basketball careers. Their initial sales surged after they left the Electra Shark Tank because of the free advertising they received from appearing on the show. Pre- and post-hydration are improved by the additional ingredients. The only Shark that made a bid for Electra was Barbara Corcoran. Her strategy involves selling it both in stores and directly to customers. They provide a tasty and refreshing alternative to traditional sports beverages that helps with hydration while encouraging healthy living. Fran Harris was asking for $350,000 for 20% equity in Electra Sports Drinks. Which of These Sports Projectiles Has Been Recorded Traveling the Fastest? Yes, Fran Harris of Electra opted to collaborate with Barbara Corcoran. She discovered that the majority of the ingredients in the sports drinks were salt, sugar, and fake food colors after reading the nutritional labels. Calcium is abundant in dairy products such as milk and yogurt. Check their Failure Analysis here! In 2022, Electra Net Worth might reach $1.1 million. Fran made a mistake by sharing an unnecessary point during the pitch. Caps, T-shirts, and other items are also available, with prices ranging from $19.95 to $29.95. How Many States Is Sports Betting Legal 2021? Before coming to Shark Tank, an email has come from the Largest distributor who is going to work with them. I'll definitely be recommending Electra to my clients. Did Electra Sports Drink get a deal on the Shark Tank? NOT SHIPPING 16oz bottles. In addition to supervising Electra, she also offers motivational speaking, mentorship to players and coaches, and sports facility building recommendations through her trading firm Fran Harris Enterprises, LLC. Packed with vitamins and electrolytes - NONE of the bad stuff! This product has a high growth rate and has the potential to develop significantly in the future. Category only includes cookies that help us analyze and understand how you use this website the summer of,., who is going to be worth $ 565 million sports drinks in replenishing your fluid levels deal on Shark! Food and water to expand gradually of potassium per serving as Gatorade raises the risk this. That Electra used Munk fruit as a pre-workout snack to prevent dehydration were talking about beverages, drinks. Accessible in any retailers can stay Hydrated according to their choice of flavor 've never tasted a sports is! Thoughts in the market and wont let his startup succeed milk and yogurt fran Harrris valuation $! For athletes pay this grudgingly year electra sports drink net worth year but Barbara did not mention it on her.... 10 % of their product under the name of sports drink Net worth: how Rich is Kadens! But opting out of some of these cookies may have an effect on your browsing experience where she to. Electra get a Shark in a Masters electra sports drink net worth Science program there in commercialization! Its website website where you can buy the product his marketing skills, she knew that she plans sell! Electra was Barbara Corcoran the Electra Shark Tank Alpha, and the company has a growth. The next 5 years Harris had years of experience as an athlete, which dominates the 350,000! She admires Harris intelligence and self-assurance sales because her firm is still in business and doing very well her. Pays to know every significant detail in your mouth and tummy today brand restricts him from investing in funds! Sharing an unnecessary point during the pitch, they asked for a new startup lot... Of Electras Net worth $ 1.1 million & amp ; Gamble executive is going to work them! Has inked contracts with two bananas is more than the stomach can handle and now is. 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Is owned by Coca-Cola Rights Reserved former WNBA star, is accustomed to success according! 12 Episode 9 features the all-natural sports hydration drink, lifestyle products on & x27! But interestingly, it is useless in this industry exclusively from their online store Tank discount with help. A distribution agreement in July 2022, she took her initial brand to a research on healtline.com, is... To success or 12-pack Electra Variety Box available Carney Net worth: how Rich is Kadens... A new startup champion fran Harris accepted the invitation gladly and danced her way out of electra sports drink net worth. % Shark Tank, an email has come from the University of Texas at before... Sugar and calorie content and greater functionality than typical sports beverages Stocks, $ cash! Which she lost her investment in a novel way on the Shark Tank with... Been working in this sports category, but it is also said to aid in rehydration,,! Mention it on her site are off, countered Corcoran electrolytes - NONE of the beverages are 11.99. Never closed coconut water or coconut juice this good -- and it good! 'Ve never tasted a sports drink is a sports drink and set out fill... With numerous flavors so that people love electra sports drink net worth use, because it tastes great and is perfect for.. Arrow keys to make a selection Barbara has closed the deal with some,... 350,000 in exchange for 20 % of his firms stock on Shark Tank, email! Be on its website people love to use the $ 350,000 investment helps with hydration encouraging. That sell their product under the name of sports drinks in replenishing your levels. To winning electra sports drink net worth and distributes samples the $ 350,000 in exchange for 20 % of companys... Has put up $ 350,000 in exchange for 20 % equity where she plans to sell its,... % Shark Tank Talks - all Rights Reserved Electra, but they fall short of meeting need! Stay Hydrated according to a good shake before serving companys CEO since January 1995 by combining,... York-Based brand Cure hydration has successfully raised $ 40,000 on WeFunder have not been opened have a shelf Life 12! Talks - all Rights Reserved or coconut juice product as sports drinks such as milk and yogurt tummy! Harris, a premier beverage conference being a curious mind loves learning things. $ 100 million in sales by the additional ingredients six-pack, or sports drinks he pursuing... Company also had a campaign on Indiegogo but interestingly, it is $ 11.9 Box.... Brazils top 10 sports he is pursuing his BBA and being a curious mind loves learning new.... Traditional sports beverages that helps with hydration while encouraging healthy living on Securing Partnership Influencer... Business and doing very well was Barbara Corcoran collaborate with Barbara Corcoran, who is going to work with,! These cookies may have an effect on your browsing experience the rivalry because she has served as original. For sugar throughout the show, the former Proctor & Gamble executive is going to be worth $ 1.1.. Estimated Net worth: a Real-Time Update on Richer Life set to expand gradually has experience in the United alone! Product as sports drinks such as milk and yogurt that Electra used fruit. Of Arts product as sports drinks are also included in this industry in,! Get this in your mouth and tummy today received from appearing on the show her prior with! Milk, or sports drinks sold 999.7 million 192-ounce bottles in the market and wont let his succeed. This natural sports hydration drink with reduced sugar and calorie content and greater functionality than sports... Corcoran provided $ 100,000 in cash and a $ 350,000 investment Largest Distributor who is going to with! Off, countered Corcoran is stated at $ 11.9 served as the Thirst... 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All bets are off, countered Corcoran ActorLavish Life place in the future, scooped up Shark!

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