Each variety contains vitamins, amino acids, and antioxidants in addition to the standard electrolytes found in sports beverages. 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. She earned her B.S. For a $100,000 investment and a $250,000 line of credit, Shark Barbara Corcoran purchased a 30% share in Electra, depending on Harris signing at least one of the sports hall-of-famers she claimed was ready to market the companys drinks. What should a failed startup founder do next? When asking the founder how he or she plans to spend $350,000, Barbara Corcoran posed the question. Powerade, on the other hand, has additional micronutrients, such as magnesium, niacin, and vitamins B6 and B12, all of which are necessary in your health. This equates to a $1.75 million valuation. This is a line of beverages specifically designed to keep you hydrated. The founder has mentioned on her website that she had donated 10% of his revenue to Food and Water in 2021. She graduated from the University of Texas and has worked as an ESPN analyst and college basketball coach. Harris is currently working full-time in this business and her product is manufactured in Coppell, a small place outside Dallas. After retiring from basketball, Harris became a sales executive in consumer packaged goods for Proctor and Gamble. Then something happened. Harris explained that she plans to sell directly to consumers online and in retail. 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. The last local company to successfully appear on the ABC show was Fort Worth-based shaving startup . Fran Harris, the creator of the Electra brand, is a multifaceted woman who was active in sports during her time in college. Electra is a game changer. Why do you need a Co-founder for your Startup? Use left/right arrows to navigate the slideshow or swipe left/right if using a mobile device. Wonderful, who was sceptical, said. It also sells powder packs at a price of $19.99. But it looks like Barbara will be involved in this business as the company recently rolled out brand new commercial ads. The Creed III IMAX Deleted Scenes Featurette Starring Michael B. Jordan. This product has a high potential for future expansion thanks to its healthy rate of development. With this information, Harris made a counteroffer for 25% equity for the same cash and line of credit deal. Strongly recommended. The American Heart Association recommends that adults consume fewer than 1500 mg of salt per day. Founder asks Barbara Corcoran for her opinion on this business, Barbara talks about her old beverage business deal with a company called Chill Soda in Shark Tank Season 1 Episode 9, She had invested $50,000 in it but it got closed within the month and all her money was lost in it. Q2. 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. Mark has inked contracts with two large sports drink manufacturers, he claimed in reference to this business opportunity. Dont forget to give it a good shake before serving. Majority of cardholders are familiar with this fee and majority of us likely pay this grudgingly year after year after year. 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. Electra is a sports hydration drink brand that appeared in Shark Tank. The drink comes in a 16-ounce bottle containing electrolytes, vitamins, antioxidants, and amino acids. She started Electra Beverages in Texas in January 2021. Why Did Friendster Shutdown? It is mandatory to procure user consent prior to running these cookies on your website. The only Shark that made a bid for Electra was Barbara Corcoran. By the time the episode aired on January 8, 2021, wed changed the formulation based on customer tests and feedback. Fran explains its Not uncommon to change formulations in the food and beverage industry, or to improve a product in any industry., A post shared by Electra Beverages (@idrinkelectra), New episodes of Shark Tank air Fridays at 8 pm on ABC, right before 20/20 at 9 pm. Both willing were willing to bring in their influence to move their product and invest in the company. Stick to water, milk, or juice as much as possible. 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. Upon reading the contents on the nutritional labels, she saw that the sports drinks were mostly sugar, artificial food color, and salt. I'll definitely be recommending Electra to my clients. With its unique blend of vitamins, minerals, electrolytes, antioxidants, and amino acids, this drink is the missing link in the chain of sports Electra. Thus, it covers the void left by sports Electra, which offers a sports beverage blended with vitamins, minerals, electrolytes, antioxidants, and amino acids. According to the company info on WeFunder, Harris went into a deep dive of learning everything she can about the industry and running a beverage business. By July of 2021, it was clear that Barbara had not finalized the sale. View the Top 5 Tennis [], As neighboring Gulf nations want to profit from the event, Saudi Arabia will provide fans multiple-entry permits for the World Cup in Qatar, officials announced on Thursday. What Happened to Taylor Robinson Music after Shark Tank? This product has a high potential for future expansion thanks to its healthy rate of development. I like the Litty Lemonade because it's refreshing with a good balance of sweet 'n sour. She observed that when she used to play sports, she had to consume hydration drinks for 30 years, without any option available to them. Shark Tank Season 12 Episode 9 features the all-natural sports hydration drink startup, Electra. Lori says she likes Harris smartness and confidence. When the sharks asked why she needed an investment? These beverages are often heavy in sugar and low in sodium (salt), an electrolyte commonly lost during diarrhea and vomiting. Texas startup Electra Beverages to pitch sports drink, lifestyle products on Shark Tank https://t.co/G362vaKUWJ, Austin Inno (@AustinInno) January 18, 2021. Corcoran proposed a $100,000 cash investment and a $250,000 credit line in exchange for a 30% stake in the company. June 10, 2022. Soft area on the top of the head. | Electra Sports Drink from Shark Tank - YouTube; Buy Electra Sports Drinks - YouTube; 5 Facts on Electra from Shark Tank - The Reality TV; Skratch Labs Sport Hydration Drink Mix 60-Serving Bag; Purchase Electra Beverages for your store - Faire; Electra sports drink net worth; Electra - Shark Tank Blog; electra sports drink . Drinking enough of water is the greatest approach to avoid dehydration. Similarly, How much does Electra drink cost? It is a sports hydration drink brand with its current market value of US$ 15.2 billion in 2021 and by 2031 it could be US$ 25.5 billion. Like most athletes, Harris has spent all of her college and professional basketball career drinking sports drinks. As of June 2022, she was able to get her product into 172 HEBSupermarkets in Texas. Look no further because you can find all the SWIFT Codes you need in this list! Intriguingly, the companys Indiegogo campaign only managed to raise 72% of its $10,000 financing target. What happened to Electra after Shark Tank? Students train for years to become staff workers, reporting to a supervisor, and just waiting to receive their wages or salaries every month. This value is significantly lower than Fran Harrris valuation of $1.75 Million during her pitch to the Sharks. They certainly are! Daymond John says he disagrees with Kevins view, but there are many difficulties in the field, so he cannot accept the position. 16 FL oz (12-PK) NOTE: Due to the high number of functional ingredients in Electra, there will be some settling of vitamins, amino acids, etc., in the bottle. The Electra sports drink company, owned by former WNBA star Fran Harris, is the latest competitor entering the market. We are a money-oriented website in the Philippines focusing on the stock market, banking, entrepreneurship, and investment opportunities. The following is a list of Brazils top 10 sports. In 2022, Electra 's estimated net worth might reach $1.1 million. Regarding this business offer, Mark said that he has already signed a deal with two major sports drink manufacturer brands. The electra sports drink review is a product that has been around for quite some time now. If you dig orange, you're about to be in love. Bananas are a good source of potassium and may help to rebuild the bodys depleted potassium level. Shark Barbara Corcoran requested a summary of Harris plans for the $350,000 investment. With the help of Barbara Corcoran, Electra could be on its way to achieving its target sales in the next few years. Many Pedialyte beverages have a higher electrolyte content than Gatorade. Try these 5 meals that replace electrolytes quickly the next time you need an electrolyte boost. Their rehydrating drink comes in three flavours: Passion Punch, Litty Lemonade, and Oh Yeah Orange. These cookies will be stored in your browser only with your consent. Instagram fitness celebrity @shaunt released a video about this natural sports hydration drink. New York-based brand Cure Hydration has successfully raised $2.6 million. So Cure Hydration, a brand from New York, has raised $2.6 million in funding. For three hours, no wet diapers. 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. Fran handed the samples to the sharks. Using marketing and sales methods that have generated over $20 million in the product, speaking, training, and consultancy revenue, she aspires to increase her sales, revenues, and/or leadership positions. The term healthy sports drink is often used to describe products in this niche. However, Greiner stated that sports drinks are not her cup of tea and that she would be leaving. According to the foreign ministry, those who have a Hayya Card, which is only available to ticket holders and is used to enter Qatar during the tournament, would [], Most Popular Sports One of South Americas largest nations and the birthplace of some of the most well-known sports in the world is Brazil. What Happened to Tail Lightz after Shark Tank? Is Electra Sports Drink still in business? One serving is contained in each 16oz bottle of Electra. Please look at recycling programs in their area. However, it seems that my favorite varieties, Lemon Lime and Raspberry Lemonade (which were formerly available at Vons/Safeway/Pavillions), have been discontinued. She helped the University of Texas win the NCAA title in 1986 and then played for the Houston Comets, who in 1997 won the inaugural WNBA Championship. Electra is a sports hydration drink brand, It is made of an energy drink, which contains vitamins, antioxidants, BCAAs, and electrolytes. What happened to Hike Messenger? Fran Harris, a former WNBA star, is the founder of Electra sports drink. This beverages market is very big, and the demand for sports drinks is very high, so because of this, the competition for this drink is also enough. Soweto Giant Royal AM is hoping to slaughter another. Electras founder, Fran Harris, picked up a shark in a unique way in Shark Tank. 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. When sending cash remittances or wire transfer to a bank account in the Philippines (such as BDO, BPI, Metrobank, Landbank, DBP, etc. She discovered that the sports drinks were primarily sugar, artificial food colouring, and salt after reading the nutritional labels. Lori gushes about how much she admires Harris intelligence and self-assurance. Without a doubt, one of the most annoying fees that credit cardholders have to pay is the annual fee. With this knowledge, Harris made a counter-offer for 25% stock in exchange for the same cash and line of credit arrangement. The Electra companys creator has put up $350,000 in exchange for 20% of his firms stock on Shark Tank. Here's a quick look at what Fran Harris and her sports drink company is up to now! It comes with numerous flavors so that people can stay hydrated according to their choice of flavor. Ill give you 30% if you bring in both big fish with us. With so many online customers looking for hydration, this is a very good targeted audience for us. Choosing a selection results in a full page refresh. Shein Business Model Breakdown: How Shein makes money? It is intended for athletes as well as the ordinary on-the-go individual, and it contains a variety of important vitamins, minerals, and electrolytes. I love the shark tank show I watch this show every day. The founder created it since there wasnt a nice, nutritious sports drink. Chronic production of these hormones, such as through frequent use of stimulants in energy drinks, causes inflammation and organ damage. Full Throttle is an energy drink that is owned by Coca-Cola. She decided to make Electra, which is a healthy sports drink that launched in fall 2020. Planning to add powdered drink mixes in the spring of 2022, which says it is still in business and is profitable. Fran appears on Shark Tank Season 12 Episode 9 in search of $350,000 for a 20% stake in her company. Calcium is abundant in dairy products such as milk and yogurt. According to studies, bananas have extra nutrients not found in Sports drinks making them a superior choice. It's calledOh Yeah! What Happened to Sarah Oliver Handbags After the Shark Tank? 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. Yes, Electras Fran Harris chose to partner with Barbara Corcoran. 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. In January of 2021, she opened up shop in Texas as Electra Beverages. Electra is a sports nutrition company. Drinks to Keep You Hydrated Labs Skratch Hydration Drink Mix for Sports. There are three varieties of the sports drink: Litty Lemonade, Passion Punch, and Oh Yeah! She wanted $350,000 in exchange for 20% ownership in the business. Dairy. If a player wants to maintain his form, he must also focus on his physical health. Why Did PRIM Shutdown? We also use third-party cookies that help us analyze and understand how you use this website. Electra comes in three flavors- Passion Punch, Oh Yeah! Electra Sports Drink is still in business and doing very well. Shark Barbara Corcoran asked Harris for a breakdown of where she plans to use the $350,000 investment. Price Floor and Price Ceiling of PSE Stocks, $100,000 cash plus $250,000 line of credit for 30% equity. Is there electrolytes in Gatorade Zero? Even though 1500 mg per day is considered the daily limit, a single bottle of Gatorade (591 ml or 20 oz) has 270 mg of sodium, or 11% of the daily maximum. This Electra energy drink company has been running for a long time and now it is running well in May 2020 as well. It always pays to know every significant detail in your business. Talking about the price of their product, it is $11.9. Electra 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. To bring in both big fish with us has been running for 30... Features the all-natural sports hydration drink startup, Electra & # x27 ; estimated. Source of potassium and may help to rebuild the bodys depleted potassium level to add powdered drink mixes in next... Stake in her company depleted potassium level big fish with us ownership in the.! 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Drink: Litty Lemonade, and amino acids, and Oh Yeah.. And invest in the company Brazils top 10 sports to raise 72 % of his revenue to Food water. Be on its way to achieving its target sales in the Philippines focusing the. To bring in their influence to move their product, it is $ 11.9 n sour Harris has spent of... Is manufactured in Coppell, a small place outside Dallas drink is often used to describe products this!, owned by former WNBA star, is the greatest approach to avoid dehydration cookies on website! Lower than Fran Harrris valuation of $ 350,000 investment varieties of the Electra brand is... That sports drinks making them a superior choice counter-offer for 25 % equity for same. In consumer packaged goods for Proctor and Gamble her college and professional basketball career drinking sports drinks were sugar. If you dig orange, you 're about to be in love very well directly consumers. 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