I love the shark tank show I watch this show every day. Through her trading business Fran Harris Enterprises, LLC, she not only supervises Electra but also provides motivational speaking, mentorship to players and coaches, and sports facility development advice. 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. There is no definitive information as to whether or not Barbara has completed the transaction with Electra, however, Barbara did not announce it on her site. WebAmerican actress, model, singer, and media personality Carmen Electra has an estimated net worth of $7 million dollars, as of 2023. Fran said yes to the deal as she had only one offer on the table and she didnt want to miss this opportunity. 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. However, it seems that the deal with Corcoran fell through as of July 2021. Harris explained that she plans to sell directly to consumers online and in retail. Brand Electra is a sports drink that was featured on the show Shark Tank. This is a very good deal for a new startup. 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. What is the net worth of Electra Sports Drink? Electra Beverages By July of 2021, it was clear that Barbara had not finalized the sale. After earning her Bachelor of Science and Master of Arts in Journalism from UT Austin, she returned to the school to earn her Master of Science in Technology Commercialization. Coffee Meets Bagel Shark Tank Net Worth 2023. During her appearance on Shark Tank Season 12 Episode 9, Fran Harris was seeking $350,000 for a 20% stake in her sports nutrition company, Electra. Webelectra sports drink net worth electra sports drink net worth. When Barbara hears of this, she offers $100,000 in addition to a $250,000 line of credit in return for 30% ownership of the company. Electra is multitalented and beautiful, all of which she has used to become one of the most famous faces in show business. The business was formed by Fran Harris, a former WNBA player in the United States who previously played professionally in Switzerland. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. As an athlete, Fran wanted a healthier alternative, so she brewed up her own. What You Didnt See on TV at Oscars 2023: Florence Pugh Takes a Selfie, Lady. WebOver 10 years we helping companies reach their financial and branding goals. Barbara Corcoran was the only Shark that made a bid for Electra. Electra Sports Drink sports drink container, which costs $2.99. Confidence may be important when dealing with other products or categories, but it is useless in this industry. Electra still managed to sell its drink, although it had to face a lot of trouble due to marketing. They recommend that you consume it within 3-4 days of opening it. I started investing in mutual funds when I was 22 years old. Ajit is a writer from Vapi, who is a thorough researcher and likes researching startups and businesses. Their website address is https://idrinkelectra.com/. Why Did ShowNo Towels Shutdown? Fran Harris is the President and CEO of Electra Beverages. Electras Net worth before appearing on Shark Tank. Yes, it may be transported to any nation; however there will be an additional charge. 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. Please look at recycling programs in their area. Corcoran offered $100,000 in cash and a $250,000 line of credit in exchange for a 40% equity stake. Electra Beverages main competitors in the market are Baxi, DENSO Manufacturing, CzechELZAB, and Ellab. We will address the most pressing questions related to the brands financial accomplishments, from its inception to its current standing in the market. On Season 12 of Shark Tank, former WNBA basketball champion Fran Harris pitched her new sports drink Electra. They aimed to create a beverage that would replenish essential nutrients and electrolytes lost during exercise while also providing a burst of energy to boost performance. Hey friends my name is Dylan Minnette I am a Student of Bachelor of Arts. If not, all bets are off, countered Corcoran. The founder of the Electra Drink brand has asked for $350,000 in exchange for her companys 20% equity in Shark Tank. Fran went into the Tank seeking an investment of $200,000 in exchange for 20 percent equity. What Happened to Wired Waffle After the Shark Tank Pitch? Boobie Bar: What Happened After Shark Tank? During the month of February of 2022, Fran Harris will be at 172 Heb Supermarkets across the state of Texas, selling more of her merchandise. They certainly are! Check their Failure Analysis here! Shark Tank: Every Shark, Ranked By Net Worth Net Worth As of June 2022, Electra Sports Drink was estimated to be worth $1.1 million. Cuban added that it will be expensive. Electra sports drink is available only on their website and nowhere else. She wants a Shark to help her navigate the rivers and to have extensive retail distribution. 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. Founder Fran has been working in this category for a long time and she is very good to know about it. Customers actively seeking water online represent a prime demographic for us to market to. They also sell a variety of branded clothing. Before its appearance, the company had raised $40,000 from a WeFunder campaign. Texas founder lands funding on 'Shark Tank' to launch sports drink Pete Kadens Net Worth: How Rich Is Pete Kadens in 2022. Packed with more than just electrolytes as in usual sports drinks, each variant has vitamins, amino acids, and antioxidants. Electra Sports Drinks Net Worth 2023 - Shark Tank Updates Electra is made with monk fruit, which is a natural sweetener that does not contain any calories or carbohydrates. Required fields are marked *. There is no indication that the deal has been completed, and the firm has not been posted on Barbaras website, implying that they are still in due diligence. 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. $500 USD $1,000 USD (50% off) Everything in the previous perk plus some additional goodies including VIP status invitation to a private virtual event, 24-pk of Electra (8 bottles of each flavor) and a guest appearance on Electra podcast. Get your 20 Free Spins at this retro themed,Crypto Casino. Shipping will cost between $6 and $12 depending on the area and form of dispatch for their 16 FL oz. During the pitch, they asked for a valuation of $1,000,000. She is an expert, thought leader, speaker, coach, consultant, or trainer looking to ascend to new levels of sales, revenues, and/or leadership through proven marketing and sales strategies that have produced more than $20 million dollars in product, speaking, training and consulting revenue. Electra Sports Drink update after $1.17 Million Shark Tank valuation Electra Beverages on Shark Tank: 5 Fast Facts You Need to Jan 8, 2021 The beverage is sweeter with a zero-calorie sugar called NCZ sweet, which is made from fermented sugarcane. She also worked as a health and beauty sales professional for Proctor & Gamble. Electra is a sports hydration drink brand that appeared on Shark Tank in 2021. This is such a field, there are many big brands in it, which do not allow the small company to grow. Electra Sports Drink operates in a highly competitive industry, with well-established players such as Gatorade and Powerade dominating the market. Everything you need to know about your Pitch Deck? electra sports drink net worth electra sports drink net worth Some of our partners may process your data as a part of their legitimate business interest without asking for consent. But opting out of some of these cookies may have an effect on your browsing experience. By analyzing Electra Sports Drinks net worth and the factors contributing to its financial success, we can gain valuable insights into the brands strengths, weaknesses, opportunities, and threats. Theres a new round of salary increases beginning January 1, 2022! What Happened To OverEZ Chicken Coops After Shark Tank? Instagram fitness celebrity @shaunt released a video about this natural sports hydration drink. The company is stable and currently worth an estimated $2 million. The drink is designed to provide healthy hydration to athletes and everyday doers. Electra is an all-natural sports hydration drink with no added sugars and only 60 calories per 16 oz bottle. Your email address will not be published. After some negotiation, Harris revealed that she was in talks with two Hall of Famers from the NFL and NBA who were interested in investing and promoting the product. Planning to add powdered drink mixes in the spring of 2022, which says it is still in business and is profitable. Louis Vuitton Business Model: How Louis Vuitton makes money? 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. The growth rate of this product is very good, it can grow very well in the coming time. What Happened To Truffle Shuffle After Shark 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. 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. Fran Harris is the founder of Electra Sports Drinks. The sports drink comes in three flavorsLitty Lemonade, Passion Punch, and Oh Yeah! However, Barbara Corcoran invested $350,000 in combined cash and line of credit for 30% equity, valuing the company at $1.17 million. Such is the nature of this industry; numerous well-established names all but eliminate room for development among smaller players. They have a high rate of sales, and in addition to selling online, they also sell to stores. When sending cash remittances or wire transfer to a bank account in the Philippines (such as BDO, BPI, Metrobank, Landbank, DBP, etc. Electra Sports Drinks commitment to product innovation has also been a driving force behind its financial success. Cozy Bug: What Happened After Shark Tank? The three flavors of these beverages are Passion Punch, Orange, and Litty Lemonade. It comes with numerous flavors so that people can stay hydrated according to their choice of flavor. Barbara Corcoran agreed to invest $100,000 and provide a $250,000 line of credit for 30% of the company. Harris is currently working full-time in this business and her product is manufactured in Coppell, a small place outside Dallas. 193 posts. Harris said her Counter Offer was too much equity but she would like to stay in 25% equity with the same deal. Electra Sports Drink is a healthy alternative to traditional sports drinks that was featured on Shark Tank. Electra Sports Drink 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. Liquid I.V. With so many online customers looking for hydration, this is a very good targeted audience for us. What should a failed startup founder do next? The company was founded by a group of sports enthusiasts and nutritionists who identified a gap in the market for a sports drink that could cater to the specific needs of athletes. The founder of Electra Sports Drink expects to reach $30 million in sales in the next 3 years. What Happened to Electra Beverages After Shark Tank? Fran Harris was asking for $350,000 for 20% equity in Electra Sports Drinks. Even though she doesn't have as much wealth as the rest of the sharks, Barbara always comes off as a good-hearted person. Please keep refrigerated once opened. Electra Sports Drink update after $1.17 Million Shark Tank This episode was re-aired for the first time just two months after it first aired. Roominate: What Happened after Shark Tank? They are now only shipping to the United States (not including Alaska or Hawaii). What If you love staying up-to-date on the latest and hottest Hollywood, Bollywood, Entertainment, and Tech-related news then Imm3rsive is the place you are looking for. The company continues to cater to the needs of the consumers who choose What Happened To Electra After Shark Tank? The company also had a campaign on Indiegogo but interestingly, it only raised 72% of its $10,000 funding goal. The founder of Electra, Fran Harris, is a former WNBA basketball star who created the drink because she was dissatisfied with the high sugar content of other sports drinks on the market. Harris, a former WNBA player, founded the Dallas and Austin-based healthy sports drink company this autumn. Electra Sports Drink is only available on its website. What Happened to Uro Club After Shark Tank Pitch? This offer brought the companys valuation to $333,333.33. Harris is no stranger to the small screen. With this information, Corcoran agreed to lower her equity request to 30%, and Harris accepted her offer. Electras founder, Fran Harris, picked up a shark in a unique way in Shark Tank. Kristin Chenoweth Net Worth: How American Actress Become so Rich? The brand has employed a range of marketing strategies, from traditional advertising methods such as print, radio, and television to digital marketing campaigns on social media platforms and influencer partnerships. Chris Rock and Lake Bells Romance History! Bet 10 Get 50 | Best Offers in Online Gaming, 5 Star Sports Picks | The Ultimate Guide to Winning Bets Today, The High Low Golf Game | Rules, and Strategies, How to Play Scotch Golf Game? WebOrange and Litty Lemonade. Welcome Bonus - 100% bonus on your first deposit up to 5BTC. Does Electra Beverages ship to countries other than the United States? 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. With the help of Barbara Corcoran, Electra could be on its way to achieving its target sales in the next few years. Both willing were willing to bring in their influence to move their product and invest in the company. Mountain Berry Blast Xion 4, Mountain Berry Blast Powerade, Mixed Berry Powerade and. Orange. | Rules, and Formats, How to Play Hammer Golf Game? 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. What Happened To Electra After Shark Tank? - Mashed What Is The Current Valuation Of Electra Sports Drinks Shark Tank? 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. Electra is a great alternative for people who need the required vitamins in their bodies, especially athletes. Touch device users, explore by touch or with swipe gestures. Why Did LeSports Shutdown? In a not-so-surprising move, the U.S. Federal Reserve (Fed) yesterday raised interest rates by 75 basis points (bps) or 0.75% in a bid to tame rising inflation in the United States. The 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. So Cure Hydration, a brand from New York, has raised $2.6 million in funding. Electra Sports Drinks net worth is a testament to the brands success in creating a unique product that caters to the specific needs of athletes and fitness enthusiasts. It is formulated with vitamins and electrolytes and is designed to be a better-for-you sports drink for the whole family. Fran Harris had years of experience as an athlete, which taught her discipline, getting used to winning, and welcoming competition. It also has very little sugar or artificial sweeteners. Barbara put up $100,000 and a $250,000 line of credit in exchange for a 30% stake in the company. Consequently, these partnerships and endorsements have played a crucial role in boosting the brands net worth. In 2020, Electra raised $40,000 from WeFunder and is targeting $80-$100 million in sales by the next 5 years. As of January 2022, the company is still in operation. Since January 1995, She is the CEO of Fran Harris Enterprises, LLC Company, a marketing agency. Is Electra safe to use while pregnant or nursing? Difference between Heuristic and Biases and their types? Shark Mark Cuban commended the taste and formulation of Electra. Patrick Carney Net Worth: A Real-Time Update on Richer Life! Yes, they are highly concerned about the environment. 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. With this information, Harris made a counteroffer for 25% equity for the same cash and line of credit deal. The drink comes in a 16-ounce bottle containing electrolytes, vitamins, antioxidants, and amino acids. Harriss product is made in Coppell, a tiny town not far from Dallas, where she currently works full-time. For a young company, this is a fantastic offer. What Happened To Range Beauty After Shark Tank. Is Electra Sports Drinks still in business? Electra Sports Drink Net Worth Electra They are targeting $80-$100 million in sales by the next 5 years. IReTron is a Los Gatos, California-based ecommerce and, Read More What Happened to IReTron After the Shark Tank Pitch?Continue, What Happened to CurlMix After Shark Tank Pitch? Electra comes in three flavors- Passion Punch, Oh Yeah! This growth will solidify the brands position as a key player in the sports drink industry and reinforce its reputation as a trusted provider of high-quality, functional beverages. In July 2022, she signed a deal with some distributors, and now it is about to grow slowly. Electra Sports Drink is still in business and doing very well. Electra is an all-natural sports hydration drink brand that featured in Shark Tank Season 12 Episode 9. The term healthy sports drink is often used to describe products in this niche. What Happened To LavaBox Portable Campfire After Shark Tank? However, as of July 2021, it appears that the deal with Corcoran fell through, and Electra is only available for purchase on the companys website and not in any retailers. The company has consistently invested in research and development to improve its existing formulations and create new products that cater to the evolving needs of athletes and fitness enthusiasts. What Happened to Potty safe After the Shark Tank pitch? The Biggest Distributor, who is going to work with them, emailed them before they came on Shark Tank. CurlMix is a company that specializes on providing curly-haired, Read More What Happened to CurlMix After Shark Tank Pitch?Continue. She helped launch the company in early 2020 with an IndieGoGo campaign that raised $7212. Here are the reasons for its failure! It is also non-GMO and free from gluten, soy, and dairy. Majority of cardholders are familiar with this fee and majority of us likely pay this grudgingly year after year after year. After the show, when the episode aired, Electra sports became popular and famous among youngsters. Electra Sports Drink has become a popular beverage in the world of sports and fitness, with its unique blend of electrolytes and nutrients designed to keep athletes hydrated and energized. 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. The funding that the founder has raised from Shark Tank is going to be used for marketing and manufacturing. This product provides people with energy without making them feel bloated. On the show, Harris stated that Electra uses Munk fruit as a natural sweetener. If there is any other product or category than this, then confidence is useful in it but not in this business. After Harris revealed that she was in the talks with two Hall of Famers as potential investors, Corcoran agreed to lower equity. Confidence is not enough. Shark Daymond John agreed and was also out. 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. We also use third-party cookies that help us analyze and understand how you use this website. Fran Harris, the founder of the Electra brand, is a multitalented female who has been athletic in her college time. The consent submitted will only be used for data processing originating from this website.
electra sports drink net worth
