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. 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. Lori Greiner and Daymond John both decided to pass, citing concerns over lack of data and personal interest in sports drinks, respectively. Bottles that have not been opened have a shelf life of 12 months. Are Electra bottles recyclable and BPA free? The best by date is printed on the bottles cap. She asked for $200,000 in exchange for 20% of her business. With Barbara on board, I know Ill keep winning, said Harris. What You Didnt See on TV at Oscars 2023: Florence Pugh Takes a Selfie, Lady. When sending cash remittances or wire transfer to a bank account in the Philippines (such as BDO, BPI, Metrobank, Landbank, DBP, etc. The founder was grilled by the shark on the companys financials, including gross sales, net revenue, profit, and loss. Without a doubt, one of the most annoying fees that credit cardholders have to pay is the annual fee. Even though she doesn't have as much wealth as the rest of the sharks, Barbara always comes off as a good-hearted person. 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. Electras founder Fran Harris has a net worth of 900,000 USD as of There have been no studies on pregnant or nursing women. Csport Casan Biz Lines | How Does it Work? She wanted $350,000 in exchange for 20% ownership in the business. During her pitch on Shark Tank, Harris asked for $350,000 in exchange for 20% equity in her company. One serving is contained in each 16oz bottle of Electra. Electra is an all-natural sports hydration drink that contains vitamins, antioxidants, BCAAs, and electrolytes. [BONUS:StreamanyABC showthrough theABC GO Digital Appfound here. Electra Net worth Update (Before & After Shark Tank) Whatis Wired Waffle? The brands commitment to innovation and its ability to adapt to changing consumer preferences and market trends will be crucial in determining its future financial success. The drink comes in three flavors: Litty Lemonade, Passion Punch, and Oh Yeah! 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, Electra is a sports hydration drink brand that appeared on Shark Tank in 2021. In the event that another business emerges as a direct rival, this one will destroy it. The founders pitched their product to the panel of investors, showcasing the unique features and benefits of the sports drink. What is the promo code for Electra Beverages? Shark Mark Cuban commended the taste and formulation of Electra. Welcome Bonus - 125% bonus on your first deposit up to $2,500, New players only. She said there are two famous celeb athletes who are willing to come on board for this business. Electra Sports Drink Shark Tank Update | BizzBucket The company currently has a special 15% Shark Tank discount with the code SHARK on its website. Yes, the former Proctor & Gamble executive is going up against Gatorade, which dominates the $23 billion industry. We are a money-oriented website in the Philippines focusing on the stock market, banking, entrepreneurship, and investment opportunities. 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. Electra is a sports nutrition company that produces a rehydration drink in three different flavors, including Passion Punch, Litty Lemonade, and Oh Yeah Orange. Electra Sports Drinks commitment to product innovation has also been a driving force behind its financial success. On the show, Harris stated that Electra uses Munk fruit as a natural sweetener. Harris said she would do the first production for a value of $20K to $30K. It was the first ST episode of the new year and we didn't disappoint. Electra is a sports hydration drink brand that appeared on Shark Tank Season 12 Episode 9. The drink is designed to provide healthy hydration to athletes and everyday doers. Daymond John says he disagrees with Kevins view, but there are many difficulties in the field, so he cannot accept the position. She invested in herself by attending BevNet, a premier beverage conference. Customers who are thirsty can acquire its items for shipment immediately from their website and participating stores. In her appearance on 'Shark Tank' Electra Beverages founder Fran Harris landed a deal worth $350,000 from shark Barbara Corcoran. Theres a new round of salary increases beginning January 1, 2022! If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. Packed with more than just electrolytes as in usual sports drinks, each variant has vitamins, amino acids, and antioxidants. As of June 2022, she was able to get her product into 172 HEBSupermarkets in Texas. The term healthy sports drink is often used to describe products in this niche. These insights will not only help us better understand the brands performance but also offer aglimpse into the future potential of Electra Sports Drink and the sports beverage industry as a whole. Electra Beverages main competitors in the market are Baxi, DENSO Manufacturing, CzechELZAB, and Ellab. 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. Texas startup Electra Beverages to pitch sports drink, lifestyle I started investing in mutual funds when I was 22 years old. If not, all bets are off, countered Corcoran. After Shark Tank, Grind took part in the Techstars Sports Accelerator program, which helped it raise $1.6 million. Electra Sports Drink is a hydration drink, a great competition for Gatorade. Contains only all natural juices and extracts. However, the deal was never closed. Electra comes in three flavors- Passion Punch, Oh Yeah! 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. Each 16 ounce container includes vitamins, amino acids, antioxidants, and electrolytes, but no artificial colors or chemicals are used. Fran Harris had years of experience as an athlete, which taught her discipline, getting used to winning, and welcoming competition. 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 of August 2022, this product is not yet available on the HEB markets, it is currently selling only on its website. $100,000 cash + $250,000 line of credit for 30% contingent on securing partnership with influencer. Bag Bowl: What Happened After Shark Tank? Fran Harris, a founder of Electra, scooped up a shark in a novel way on the show Shark Tank. Barbara Corcoran agreed to invest $100,000 and provide a $250,000 line of credit for 30% of the company. With this information, Corcoran agreed to lower her equity request to 30%, and Harris accepted her offer. Lori gushes about how much she admires Harris intelligence and self-assurance. 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. What Happened to Electra Sports Drinks After the Shark Tank? Electra is a great alternative for people who need the required vitamins in their bodies, especially athletes. By focusing on product innovation, strategic partnerships, and targeted marketing efforts, Electra has been able to overcome these challenges and continue to grow its market share and net worth. PSEi support seen at 6,200 and 6,000 amid weaker Peso, Official SWIFT Code of BDO, BPI, Metrobank, Philippine banks, How to Waive your Credit Card Annual Fee (BDO, BPI, Metrobank, RCBC, Citibank, UnionBank), Why Filipinos do not become business owners or entrepreneurs, My experience investing in Mutual Funds in the Philippines, Income Tax Tables in the Philippines (2022), PSE Stocks Performance under each Philippine President (1987-2021), SSL 2022: Salary Increases for Teachers, Nurses, Govt Employees. What is a Risk Free Bet? When asking the founder how he or she plans to spend $350,000, Barbara Corcoran posed the question. So Cure Hydration, a brand from New York, has raised $2.6 million in funding. CurlMix is a company that specializes on providing curly-haired, Read More What Happened to CurlMix After Shark Tank Pitch?Continue. I love the shark tank show I watch this show every day. As of June 2022, Electra Sports Drink was estimated to be worth $1.1 million. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'biznewske_com-large-mobile-banner-1','ezslot_11',639,'0','0'])};__ez_fad_position('div-gpt-ad-biznewske_com-large-mobile-banner-1-0');Barbara Corcoran invested $100,000 and a $250,000 line of credit for 30% equity in Electra. It is also non-GMO and free from gluten, soy, and dairy. Harris accepted the deal. This allowed them to get started with the production and shipping of Harris then chose this time to reveal that she is in talks with an NFL Hall of Famer and an NBA Hall of Famer. Depending on the area, Electra Beverages will deliver the order within 7 days. Texas founder lands funding on 'Shark Tank' to launch sports drink During the pitch, the firms value was $1.75 million; however, the company is still in operation as of January 2022. Electra Sports Drink is still in business and doing very well. What happened to Electra after Shark Tank? WebElectra's mission is to provide supernatural and healthy hydration to everyday doers, hustlers and athletes. The estimated net worth of Electra Sports Drink is around $1.17 million as per the Shark investment. This is not surprising, considering that in school, students are primarily taught to become employees after graduation. Shark Tank Season 12 Episode 9 features the all-natural sports hydration drink startup, Electra. Yes, Electra is still in business today. Regarding this business offer, Mark said that he has already signed a deal with two major sports drink manufacturer brands. This is such a field, there are many big brands in it, which do not allow the small company to grow. electra sports drink net worth This left Shark Barbara Corcoran, who talked about her previous partnership with a beverage company where she lost her investment in a month. Such is the nature of this industry; numerous well-established names all but eliminate room for development among smaller players. Why Did LeSports Shutdown? She asked for $350,000 in exchange for 20% equity in her company. Harris is no The Sharks liked the product, but there were many objections about the difficulty of breaking into the beverage space. Mark has inked contracts with two large sports drink manufacturers, he claimed in reference to this business opportunity. Confidence is not enough. Shark Daymond John agreed and was also out. Can they believe a 16-ounce bottle of Electra contains just 60 calories, 9 grams of sugar, and NO added sugars? What Happened to Longhairs after Shark Tank Pitch? 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. Patrick Carney Net Worth: A Real-Time Update on Richer Life! Barbara Corcoran was the lone Shark who gave an offer for Electra. He is a major landowner, with more than 1.5 million acres of ranches across the U.S. and Canada. In January of 2021, she opened up shop in Texas as Electra Beverages. This offer brought the companys valuation to $333,333.33. Like most athletes, Harris has spent all of her college and professional basketball career drinking sports drinks. Fran was seeking $350,000 for a 20% stake in the company, which was valued at $1.75 million on the show. If were talking about beverages, sports drinks fall into this category as well, but theyre not quite up to snuff. 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. She offered $100,000 Cash + $250,000 Line Of Credit For 30% Contingent on Securing Partnership with Influencer. The founder of the Electra Drink brand, Fran Harris, asked for $350,000 in exchange for her companys 20% equity in Shark Tank. Kevin warns the founder that he needs more than just sales and confidence to succeed in business. During Season 12 Episode 9 of Shark Tank, Fran Harris appeared seeking $350,000 for a 20% stake in her sports nutrition company, Electra. Also Read: Pete Kadens Net Worth: How Rich Is Pete Kadens in 2022! 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 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. 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. Yes, they are finalizing the powder formulae. What Happened to Wired Waffle After the Shark Tank Pitch? After Shark Tank, Electra was featured by many big companies, which increased the brands trust score. 1.75 Million USD (business valuation) Electras Current Net worth (2022) 1.1 Million USD. If a company becomes its competitor, then they crush it. (The PSEi is an index Good news to all government employees! 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. However, she knew that she needed to gain more knowledge in running a beverage company. What Happened To Electra Sports Drinks Shark Tank? By July of 2021, it was clear that Barbara had not finalized the sale. Who is the founder of Electra Sports Drinks? The three flavors, Passion Punch, Oh Yeah! What are the ingredients in Electra Sports Drinks? 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. Many established companies have already established themselves as leaders in this market. 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. Fran Harris, a former WNBA player in the United States who also played professionally in Switzerland, founded the company. Fruit Punch Powerade functions like Electra Sports Drinks. But it looks like Barbara will be involved in this business as the company recently rolled out brand new commercial ads. Fran introduces herself, the product, and hands out samples. There are no artificial colors or ingredients and each 16 ounce bottle is loaded with vitamins, amino acids, antioxidants and electrolytes. Upon reading the contents on the nutritional labels, she saw that the sports drinks were mostly sugar, artificial food color, and salt. North Texas Inno After the show, when the episode aired, Electra sports became popular and famous among youngsters. She has held the position of a chief executive officer at the advertising firm Fran Harris Enterprises, LLC since its inception in January 1995. She received an offer from Barbara Corcoran for $100,000 in investment and a $250,000 line of credit for 30% equity. But opting out of some of these cookies may have an effect on your browsing experience. A significant factorin Electra Sports Drinks financial success has been its strong sales performance and extensive distribution network. Electra Sports Drink appeared on Shark Tank seeking $350,000 for a 20% stake in the company, which would have valued the company at $1.75 million. This presents an opportunity for Electra Sports Drink to further solidify its position in the market and increase its net worth. What Happened to Electra Beverages After Shark Tank? 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. Electra is only available on the companys website and is not available in any stores. During the pitch, the firms value was $1.75 million; however, the company is still in operation as of January 2022. 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. What is the claim to fame of Electra Beverages? Confidence may be important when dealing with other products or categories, but it is useless in this industry. Electra Beverages There are many brands already in this field. 193 posts. 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. Electra Sports Drinks was aired season 12 episode 9. Each 16 oz bottle only contains 60 calories. Talking about Electras net worth, her net worth can be $1.1 million in 2022. ), youll surely need the SWIFT Code of the bank. Does She drink? She also showed the Sharks that she knew her business front and back. 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. Does Electra Beverages ship to countries other than the United States? Onum is a values-driven SEO agency dedicated. Get your 20 Free Spins at this retro themed,Crypto Casino. Harris felt that her sports drink, designed with physical wellness in mind, was a true winner. Harris stood her ground and explained why she wants to do both. It also sells powder packs at a price of $19.99. Electra, Healthy Sports Drink As Seen On Shark Tank | Nationwide New York-based brand Cure Hydration has successfully raised $2.6 million. Electra Sports Drinks is a new sports drink beverage on the market. Mark Cuban praised Electras flavor and composition but couldnt invest due to his current involvement with another sports drink company. Your email address will not be published. There is no capture of the market or any offline stores. There is no data on sell-through here, said Mr. Because as she learned from her years as a professional athlete, its the great teams that win. The company was founded by Fran Harris to provide a better hydration option for major sports drink brands, targeting daily doers, hustlers, and athletes . In this article, we will explore the brands net worth, diving into the factors that have contributed to its growth and success. James Tupper Net Worth: Lets Dig IntoCanadian ActorLavish Life! Strong sales performance not only translates to increased revenue but also contributes to the overall valuation and net worth of the brand. 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. They certainly are! Continue with Recommended Cookies. With this information, Harris made a counteroffer for 25% equity for the same cash and line of credit deal. As of August 2022, Electra is not yet available on HEB markets, it is currently selling only on its website. 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. What happened to Electra Sports Drink after Shark Tank? Electras founder, Fran Harris, has many interests and was an athlete in college. As an athlete, Fran wanted a healthier alternative, so she brewed up her own. Here is the complete analysis! Copyright 2023 Shark Tank Talks - All Rights Reserved. What should a failed startup founder do next? PSE Trading Hours in 2022: What time open, when closed? The estimated net worth of Electra Sports Drink is around $1.17 million as per the Shark investment. In July 2021, it appeared that Barbara had not closed the deal. Despite early hardships, Electra is still in business following Harris appearance on Shark Tank. The estimated net worth of Electra Sports Drink is around $1.17 million as per the Shark investment. WebElectra Beverages produces supernatural hydration drinks with no added sugars and only 60 calories per 16 oz bottle - formulated with vitamins, electrolytes and amino acides to help with prehydration, performance, recovery and rehydration. Latest Update! He cant continue working with this company since they are too dominant in the market and wont let his startup succeed. It is a sports hydration drink brand with its current market value of US$ 15.2 billion in 2021 and by 2031 it could be US$ 25.5 billion. Yes, She likes to go to the gym. 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. Fran shared that she had just started this company as it was at the stage of pre-revenue. He is pursuing his BBA and being a curious mind loves learning new things. Barbara put up $100,000 and a $250,000 line of credit in exchange for a 30% stake in the company. Fran enters the show looking for an investment of $200,000 in exchange for 20% of her business. For a young company, this is a fantastic offer. In 2022, Electras estimated net worth might reach $1.1 million. Fran takes the pitch and leaves with a deal. Like other athletes, she consumed sports drinks throughout her collegiate and professional basketball careers. What episode was Electra Sports Drinks aired? Their initial sales surged after they left the Electra Shark Tank because of the free advertising they received from appearing on the show. Electra Sports Drink update after $1.17 Million Shark Tank

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