According to Shark Tank Talks, Electras net worth can be $1.1 million in 2022. The store also offers powder packs for $19.99. Why Did LeSports Shutdown? The consent submitted will only be used for data processing originating from this website. This beverage has a very good growth rate which can make it cross all limits in terms of gaining profit. Currently, Electra is only available for purchase on the companys website and is not sold in any retailers. Yes, She likes to go to the gym. Barbara Corcoran was the only Shark who made an offer $100,000 in investment and a $250,000 line of credit for 30% . Effective marketing and advertising have played a pivotal role in Electra Sports Drinks financial success. She also served as a college instructor at the University of Texas at Austin for two years and worked as a Television Host, on Home Rules on HGTV. I started investing in mutual funds when I was 22 years old. Harris is well-known for her appearances on various television shows, including Good Morning America, Today, CNN, CNBC, and MSNBC, where she has provided life and business counseling, as well as for her competitive collegiate and professional sports career on TV. In 2022, Electras estimated net worth might reach $1.1 million. We also use third-party cookies that help us analyze and understand how you use this website. 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 prevents him from accepting the offer. Welcome Bonus - 100% bonus on your first deposit up to 5BTC. 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? Does She drink? Fran went into the Tank seeking an investment of $200,000 in exchange for 20 percent equity. Daymond John says that he does not agree with Kevins point but it is a lot of challenges in the field, so because of this, he is out of this offer. Mountain Berry Blast Xion 4, Mountain Berry Blast Powerade, Mixed Berry Powerade and. Fran Harris, the founder of the Electra brand, is a multitalented female who has been athletic in her college time. Fran Harris founded Electra to provide a better hydration option for major sports drink brands, targeting daily doers, hustlers, and athletes, according to the companys website. The Toilet Safe is a kid, Read More What Happened to Potty safe After the Shark Tank pitch?Continue, What Happened to Longhairs after Shark Tank Pitch? Is Electra Sports Drink still in business? To understand the financial success of Electra Sports Drink, its essential to explore its origins and the factors that led to its creation. However, it is essential to consider potential risks and challenges, such as increased competition, changing consumer preferences, and fluctuations in the global economy. No Deposit Needed! WebElectra's mission is to provide supernatural and healthy hydration to everyday doers, hustlers and athletes. The sports drink comes in three flavorsLitty Lemonade, Passion Punch, and Oh Yeah! Before coming to Shark Tank, an email has come from the Largest distributor who is going to work with them. Barbara Corcoran was the only Shark that made a bid for Electra. The estimated net worth of Electra Sports Drink is around $1.17 million as per the Shark investment. 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 Dough Bar offers healthier doughnut, Read More What Happened to The Dough Bar After Shark Tank?Continue, What Happened to IReTron After the Shark Tank Pitch? Pete Kadens Net Worth: How Rich Is Pete Kadens in 2022!. 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. The Story of Brendan Fraser and Jeanne Moores Growing Relationship! Although the industry for hydration drinks is still relatively young, competition is heating up as more established companies enter the space. 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. 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. Louis Vuitton Business Model: How Louis Vuitton makes money? Fran Harris, a former WNBA star, is the founder of Electra sports drink. Everything you need to know about MVP, Alpha, and Beta? They were marketing the product to athletes and other active people who were on the go during the off-season. The Sharks liked the product, but there were many objections about the difficulty of breaking into the beverage space. 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. Customers who are thirsty can acquire its items for shipment immediately from their website and participating stores. What Happened To LavaBox Portable Campfire After Shark Tank? | Rules, and Formats, How to Play Hammer Golf Game? And the company said it expects the sales of its drinks alone to hit $30 million in the next three years. Download isFREE. Wired Waffles was a company that made, Read More What Happened to Wired Waffle After the Shark Tank Pitch?Continue, What Happened to The Dough Bar After Shark Tank? Electras founder Fran Harris has a net worth of 900,000 USD as of Difference between Heuristic and Biases and their types? Devils Advocate Theory: Does It Help Organisations? There is no evidence of it, and it is not updated on the Barbara Corcoran website for her business list. It always pays to know every significant detail in your business. Boobie Bar: What Happened After Shark Tank? The Sharks all exit when Fran says she has a pair of excellent players eager to join the team. What is iReTron? The company is still in operation, with headquarters in Austin, Texas, and a modest full-time personnel complement. New York-based brand Cure Hydration has successfully raised $2.6 million. However, Fran Harris has been updating her backers on WeFunder. There is no capture of the market or any offline stores. 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. 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. 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?. Electra Beverages is a company that sells sports nourishment. WebAs of 2023, Electra Sports Drinks estimated net worth is approximately $120 million, given the brands continued growth and expansion into new markets in recent years. She has previously hosted HGTVs Home Rules and spent two years teaching at the University of Texas at Austin. Without a doubt, one of the most annoying fees that credit cardholders have to pay is the annual fee. The electrolytes in the product come 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. With this information, Harris made a counteroffer for 25% equity for the same cash and line of credit deal. Talking about Electras net worth, her net worth can be $1.1 million in 2022. Talking about the valuation of the hydration drinks market, it has a market value of USD 15.2 Billion which is growing slowly. Mark Cuban praised Electras flavor and composition but couldnt invest due to his current involvement with another sports drink company. Shark Lori Greiner told Harris how much she loved her, her straightforwardness, and her confidence. Electra is a sports hydration drink brand, It is made of an energy drink, which contains vitamins, antioxidants, BCAAs, and electrolytes. In her appearance on 'Shark Tank' Electra Beverages founder Fran Harris landed a deal worth $350,000 from shark Barbara Corcoran. There is no exact answer whether Barbara has closed the deal with Electra, but Barbara did not mention it on her site. By July of 2021, it was clear that Barbara had not finalized the sale. Mark has inked contracts with two large sports drink manufacturers, he claimed in reference to this business opportunity. Like other athletes, she consumed sports drinks throughout her collegiate and professional basketball careers. Pete Kadens Net Worth: How Rich Is Pete Kadens in 2022. . Consuming 12 fluid ounces (355 ml) of a common sports drink may provide about 20 grams of carbs and only 80 calories. After retiring from basketball, Harris became a sales executive in consumer packaged goods for Proctor and Gamble. WebElectra is only available on the companys website and is not available in any stores. This is such a field, there are many big brands in it, which do not allow the small company to grow. The companys originator saw a need in the market for a healthy sports drink and set out to fill that void. 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. Theres a new round of salary increases beginning January 1, 2022! Upon reading the contents on the nutritional labels, she saw that the sports drinks were mostly sugar, artificial food color, and salt. Many established companies have already established themselves as leaders in this market. Since January 1995, She is the CEO of Fran Harris Enterprises, LLC Company, a marketing agency. He is a major landowner, with more than 1.5 million acres of ranches across the U.S. and Canada. What Happened to The Dough Bar After Shark Tank? A significant milestone in Electra Sports Drinks history was its appearance on Season 12, Episode 9 of the hit television show Shark Tank. Talking about the price of their product, it is $11.9. Essential Startup Tools to Help You Launch in No Time, Top Free Invoice and Legal Documents Tool, How to write Startup Elevator Pitch with Examples. After the show, Electra became popular and famous among youngsters. He cant continue working with this company since they are too dominant in the market and wont let his startup succeed. Each 16 ounce container includes vitamins, amino acids, antioxidants, and electrolytes, but no artificial colors or chemicals are used. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. Please keep refrigerated once opened. Nik is the Entertainment and Technology Editor at Imm3rsive. What Happened to Longhairs after Shark Tank Pitch? Food & beverage. This focus on innovation has not only led to increased sales and market share but has also contributed to the brands overall valuation and net worth. Customers actively seeking water online represent a prime demographic for us to market to. Three delicious flavors waiting to 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?. Electra Sports Drinks was aired season 12 episode 9. I love the shark tank show I watch this show every day. Electra Net Worth: $1.17 Million: What is Electra Sports Drink? Fran Harris, a founder of Electra, scooped up a shark in a novel way on the show Shark Tank. 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. The new challenger coming to the industry is Electra, a sports drink brand by former WNBA player, Fran Harris. Electras Net worth before appearing on Shark Tank. Welcome to Imm3rsive, where we provide a fresh perspective on the latest news and updates in the entertainment industry. Why did you use watermelon and coconut water? During the pitch, the firms value was $1.75 million; however, the company is still in operation as of January 2022. Talking about Electras net worth, her net worth can be $1.1 million in 2022. What is the Availability Heuristic and how does it impacts your business? Fran Harris enthusiastically accepted the offer and danced her way out of the Tank. As Electra Sports Drink continues to expand its product line, distribution network, and marketing efforts, its net worth is expected to grow in the coming years. Ill give you 30% if you bring in both big fish with us. There are many brands that sell their product under the name of sports drink and it contains high calories, sugar, etc. 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. What Happened to IReTron After the Shark Tank Pitch? Electra Sports Drink is still in business and doing very well. The founder has mentioned on her website that she had donated 10% of his revenue to Food and Water in 2021. Ten (10) % of our 2021 revenues will be donated to programs that help to eradicate food and water insecurity, as well as those that focus on STEM, This exposure helped to catapult Electra Sports Drink into the public eye, generating increased interest in the brand and its offerings. Do tell us all your thoughts in the comments section below, we look forward to reading all the comments in the section below. 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. It is mandatory to procure user consent prior to running these cookies on your website. If an athlete has to keep his game right, then he has to take care of his fitness along with the game. Fran takes the pitch and leaves with a deal. In 2020, Electra raised $40,000 from WeFunder and is targeting $80-$100 million in sales by the next 5 years. What Happened To Happi Floss After Shark Tank? The companys website states that in 2021, the founder gave 10% of their income to Food and Water. The hydration company currently has a special 15% Shark Tank discount with the code SHARK on its website. The Sharks were impressed with the product but had concerns about entering the beverage industry, especially since the company had almost no sales due to being in its early stages. The estimated net worth of Electra Sports Drink is around $1.17 million as per the Shark investment. The company has achieved impressive sales figures year after year, thanks to its focus on quality and a dedicated consumer base. But opting out of some of these cookies may have an effect on your browsing experience. Corcoran and Harris agreed on a deal: $100,000 in investment and a $250,000 line of Fran handed the samples to the sharks. 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. She believes there are consumers looking for hydration online, as well as in retail, and she intends to cater to both. Yes, the former Proctor & Gamble executive is going up against Gatorade, which dominates the $23 billion industry. Continue with Recommended Cookies. | All You Need to Know. Also Read: Pete Kadens Net Worth: How Rich Is Pete Kadens in 2022! How do I make a payment to Electra Beverages? What Happened To Electra After Shark Tank? So before you deep dive into the exciting world of stock trading, Trading bands in the PSE come in two forms: Price Ceiling, or the upper price limit, and Price Floor, or the lower price limit. After reading the nutritional labels, she discovered that sports drinks were mainly composed of sugar, artificial food coloring, and salt. As of August 2022, Electra is not yet available on HEB markets, it is currently selling only on its website. Despite early hardships, Electra seems to still be in business with a modest online presence. For a young company, this is a fantastic offer. Daymond John says he disagrees with Kevins view, but there are many difficulties in the field, so he cannot accept the position. As there is no evidence of it, it also is not updated on the Barbara Corcoran website for her business list. Here is the complete analysis! The best by date is printed on the bottles cap. Harris said she is unconcerned about the rivalry because she has experience in the industry and a strategy for success. 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 multitalented and beautiful, all of which she has used to become one of the most famous faces in show business. Your email address will not be published. Fran made a mistake by sharing an unnecessary point during the pitch. 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. Is Electra Sports Drink still in Why Did Stayzilla Fail? 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. Brand Electra is a sports drink that was featured on the show Shark Tank. What episode was Electra Sports Drinks aired? Even though she doesn't have as much wealth as the rest of the sharks, Barbara always comes off as a good-hearted person. What are Her hobbies? No artificial ingredients, no high-fructose corn syrup (HFCS), no refined sugars, and no salt in any of their flavours. sports drink container, which costs $2.99. electra sports drink net worth. We will address the most pressing questions related to the brands financial accomplishments, from its inception to its current standing in the market. Wonderful who was not convinced. The brand has managed to secure shelf space in major retail chains, supermarkets, and convenience stores, making its products easily accessible to consumers. The market for hydration drinks is worth about USD 15.2 billion and is expanding steadily. After this, Barbara negotiated and said that she would take 30%. The company also had a campaign on Indiegogo but interestingly, it only raised 72% of its $10,000 funding goal. WebFollow. Both willing were willing to bring in their influence to move their product and invest in the company. The company continues to cater to the needs of the consumers who choose Fran appears on Shark Tank Season 12 Episode 9 in search of $350,000 for a 20% stake in her company. The founder of Electra, Fran Harris, is a former WNBA Basketball star who created the drink out of frustration with current products in the sports drink space. 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. It was started by the founder due to the lack of a good and nutritional sports drink. Coffee Meets Bagel Shark Tank Net Worth 2023. Electra Beverages accepts only credit cards as payment. WebElectra Sports Drinks Net Worth 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. This would have valued the company at $1.75 million. She wants a Shark to help her navigate the rivers and to have extensive retail distribution. When sending cash remittances or wire transfer to a bank account in the Philippines (such as BDO, BPI, Metrobank, Landbank, DBP, etc. The founder of the Electra Drink brand has asked for $350,000 in exchange for her companys 20% equity in Shark Tank. What happened to Electra after Shark Tank? Cozy Bug: What Happened After Shark Tank? She created Electra Beverages because she felt there was too much sugar in the $23 billion, Gatorade dominated sports hydration drink market. 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. She was already running a marketing agency, so through his marketing skills, she took her initial brand to a good sales rate. However, the deal was contingent on Harris landing a major athletic spokesperson. What Happened to Wise Pocket Socks After Shark Tank? It comes with numerous flavors so that people can stay hydrated according to their choice of flavor. In 2020, Electra raised $40,000 from WeFunder. 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. But it looks like Barbara will be involved in this business as the company recently rolled out brand new commercial ads. . liquid containers with no added sugar, artificial additives, or preservatives for $2.99 each. Sharks liked the product but there were so many questions on their minds which could be clearly seen on their faces.