electra sports drink net worth

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. After $350,000, what happened to Electra Sports Drink? The sympathetic nervous system is built for quick flight or fight situations. Fran enters the show looking for an investment of $200,000 in exchange for 20% of her business. Deal with Barbara Corcoran on Shark Tank. 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. In terms of Electra's net worth, she is estimated to be worth$1.1 million in 2022. Shark Barbara Corcoran requested a summary of Harris plans for the $350,000 investment. By July of 2021, it was clear that Barbara had not finalized the sale. Confidence is not enough. Shark Daymond John agreed and was also out. 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. This market is crowded with established names. Harris has drank sports drinks her whole collegiate and professional basketball careers, as do the majority of athletes. Customers who are thirsty can acquire its items for shipment immediately from their website and participating stores. ZERO added sugars. Fran appears on Shark Tank Season 12 Episode 9 in search of $350,000 for a 20% stake in her company. The company has a website where you can buy the product. 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. They are targeting $80-$100 million in sales by the next 5 years. The scarcity is so severe that Gatorades producer, PepsiCo, has warned that prices would soon rise. 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. 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. The estimated net worth of Electra Sports Drink is around $1.17 million as per the Shark investment. In conclusion, Gatorade has more sugar, whereas Pedialyte contains more electrolytes. The electra sports drink review is a product that has been around for quite some time now. It is in charge of product manufacture, distribution, and marketing. Gatorade and Gatorade Zero, which have been trusted by professional athletes since 1965, contain around 100 mg of sodium and 30 mg of potassium per 8 oz drink. Corcoran provided $100,000 in cash and a $250,000 line of credit in exchange for 30% equity. It also has very little sugar or sweeteners. When the body has too much salt for the kidneys to absorb and process, calcium is excreted. Who are the founders 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. She was already running a marketing agency, so through his marketing skills, she took her initial brand to a good sales rate. Packed with more than just electrolytes as in usual sports drinks, each variant has vitamins, amino acids, and antioxidants. So it fills the gap of sports Electra which provides an athletic drink mixed with Vitamins, Minerals, Electrolytes, Antioxidants, and Amino Acids. Also Read: Patrick Carney Net Worth: A Real-Time Update on Richer Life! He cant continue working with this company since they are too dominant in the market and wont let his startup succeed. Texas startup Electra Beverages to pitch sports drink, lifestyle products on Shark Tank https://t.co/G362vaKUWJ, Austin Inno (@AustinInno) January 18, 2021. Electra still managed to sell its drink, although it had to face a lot of trouble due to marketing. Talking about Electra's net worth, her net worth can be $1.1 million in 2022. Sharks liked the product but there were so many questions on their minds which could be clearly seen on their faces. She discovered that the majority of the ingredients in the sports drinks were salt, sugar, and fake food colors after reading the nutritional labels. The most well-known sports drink in the world, Gatorade, dominates the billion-dollar sports beverage market. Harris stood her ground and explained why she wants to do both. 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. Shark Barbara Corcoran asked Harris for a breakdown of where she plans to use the $350,000 investment. Orange. Bananas are considered the king of potassium-rich fruits and vegetables. The American Heart Association recommends that adults consume fewer than 1500 mg of salt per day. What sports drink is best for hydration. Such is the nature of this industry; numerous well-established names all but eliminate room for development among smaller players. Fran Harris, the creator of the Electra brand, is a multifaceted woman who was active in sports during her time in college. The founder plans to use the money he or she has acquired from Shark Tank for things like advertising and production. Athletes must maintain both their physical and mental fitness in order to maintain their competitive edge. Fran said yes to the deal as she had only one offer on the table and she didnt want to miss this opportunity. There are many brands already in this field. 8 Refreshing Drinks Electrolytes-dense Coconut water is a refreshing drink. The founder of the Electra Drink brand has asked for $350,000 in exchange for her companys 20% equity in Shark Tank. Planning to add powdered drink mixes in the spring of 2022, which says it is still in business and is profitable. She accepted an offer from Barbara of $100,000 Cash + $250,000 Line Of Credit For 30% Contingent on Securing Partnership with Influencer thus bringing valuation to be $333,333.33. What Happened to SynDaver after Shark Tank? Drinks to Keep You Hydrated Labs Skratch Hydration Drink Mix for Sports. They provide a tasty and refreshing alternative to traditional sports beverages that helps with hydration while encouraging healthy living. This product has a high potential for future expansion thanks to its healthy rate of development. Fran Harris, a former NBA basketball champion, sold her new sports drink Electra on Season 12 of Shark Tank. It is a sports hydration drink brand with its current market value of US$ 15.2 billion in 2021 and by 2031 it could be US$ 25.5 billion. This value is significantly lower than Fran Harrris valuation of $1.75 Million during her pitch to the Sharks. If you can't decide or just want to experience the Electrafying taste of all 3 of our flavors, this is for you! Price Floor and Price Ceiling of PSE Stocks, $100,000 cash plus $250,000 line of credit for 30% equity. She estimated the first production would cost between $20,000 and $30,000, and Harris indicated she was willing to take on the job. She wanted $350,000 in exchange for 20% ownership in the business. The Sharks like it, but there are numerous concerns about how tough it is to get into the beverage industry. As of June 2022, she was able to get her product into 172 HEBSupermarkets in Texas. Former WNBA player, Fran Harris from Dallas, Texas is used to winning. Disney Chairman and Former CEO Bob Iger Return With a Statement! Litty Lemonade does you one better. In 2022, Electra Net Worth might reach $1.1 million. | Electra Sports Drink from Shark Tank - YouTube; Buy Electra Sports Drinks - YouTube; 5 Facts on Electra from Shark Tank - The Reality TV; Skratch Labs Sport Hydration Drink Mix 60-Serving Bag; Purchase Electra Beverages for your store - Faire; Electra sports drink net worth; Electra - Shark Tank Blog; electra sports drink . Electra Beverages Update After Shark Tank Entrepreneur: Fran Harris Business: Sports hydration drink Ask: $350,000 for 20% equity Result: $100,000 and $250,000 as a line of credit for 30% equity, contingent that she lands a major athletic spokesperson 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. It's estimated that she earns as much as $1 million per year through TV residuals, television appearances, and social media endorsements. Each 16 oz bottle only contains 60 calories. This beverage has a very good growth rate which can make it cross all limits in terms of gaining profit. Corcoran proposed a $100,000 cash investment and a $250,000 credit line in exchange for a 30% stake in the company. Both were eager to use their influence to promote their product and invest in the firm. Fran Harris founded Electra to give a better hydration option to major sports drink brands for daily doers, hustlers, and athletes, according to the companys website. A New York company called Cure Hydration has successfully raised $2.6 million. 2 mg/20 fl oz. On Season 12 of Shark Tank, former WNBA basketball champion Fran Harris pitched her new sports drink Electra. The firm indicated in their pitch that its 5-year objective for revenue is between $80-$100 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. What is a Representative heuristic and how does it impacts your business? The market for hydration drinks is worth about USD 15.2 billion and is expanding steadily. In reality, several drinks that are often thought to be dehydrating, such as coffee and beer, hydrate the body almost as well as water. The new challenger coming to the industry is Electra, a sports drink brand by former WNBA player, Fran Harris. [Related:27 FavoriteShark TankProductsat Amazon New List], Since shooting the Shark Tank episode in August 2020, Fran reports monkfruit was the sweetener of Electra. 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. There have been no studies on pregnant or nursing women. What Happened ToElectraAfter Shark Tank? These cookies will be stored in your browser only with your consent. They will be available in the spring of 2021. With so many online customers looking for hydration, this is a very good targeted audience for us. What happened to Pets.com? Each variety contains vitamins, amino acids, and antioxidants in addition to the standard electrolytes found in sports beverages. Tennis Women Players One of the most popular sports and one of the few in which women and men participate equally is womens tennis. Passion Punch, Litty Lemonade and Oh Yeah! 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. The Creed III IMAX Deleted Scenes Featurette Starring Michael B. Jordan. This statement made all the sharks out of the deal. What Happened to Taaluma Totes after the Shark Tank Pitch? Hydration drinks with delicious flavors and no harmful chemicals are one of the best ways to always stay hydrated. It also supposedly helps in performance and recovery and rehydration. Necessary cookies are absolutely essential for the website to function properly. Best of all, my kids love it. 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. A banana may be used as a pre-workout snack to prevent dehydration. 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. Eyes and cheeks sunk. It also sells powder packs at a price of $19.99. We are a money-oriented website in the Philippines focusing on the stock market, banking, entrepreneurship, and investment opportunities. 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. Soweto Giant Royal AM is hoping to slaughter another. Yes, the former Proctor & Gamble executive is going up against Gatorade, which dominates the $23 billion industry. Pre- and post-hydration are improved by the additional ingredients. While Electra has stepped away from acting, she still has a successful career. On the show, Harris stated that Electra uses Munk fruit as a natural sweetener. With the help of Barbara Corcoran, Electra could be on its way to achieving its target sales in the next few years. Harris also showed she has the wisdom to hire her dream team. I've never tasted a sports drink this good -- and it's good FOR you. So Cure Hydration, a brand from New York, has raised $2.6 million in funding. 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. Why is there a playoff for third place in the World Cup? 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