The drink has no added sugar, sweeteners, citric acid, or artificial ingredients, making it a healthy alternative to sugary sodas and other sparkling waters.Īura Bora appeared on Shark Tank Season 12 and landed a deal with Robert Herjavec. Aura Bora Water UpdatesĪura Bora is a sparkling water brand that uses real herbs, fruits, and flowers to create unique flavors. Aura Bora Water CompetitorsĪura Bora Water faces some stiff competition from new entrants such as LaCroix sparkling water, San Pellegrino sparkling water, and Grupo Jumex’s Jarritos line of sparkling sodas that come in a variety of fruit flavours. They accepted an offer from Robert of $200,000 for 15 % stake, thus valuing their company at $1,333,333.33. This equates to $3 million valuation of the company. Maddie and Paul come to Shark Tank to invest $150,000 in exchange for 5% ownership of their firm. They expect to generate $3 million in revenue by November 2021. In June 2021, they raised an additional $2 million from venture capital firm Balanced Breakfast, SKU, Leon Chen of Tiff’s Treats, actor Scott Eastwood, and artist Marley D.
They also plan to launch a subscription service to increase their direct-to-consumer sales. Maddie and Paul plan to open over 1500 new locations, including 7-Eleven, Sprouts Farmers Market, Whole Foods, and Fresh Thyme, by 2021. It appears that they have finalized the deal with Robert. Robert initially proposes to invest $150,000 for a 12% stake, but they eventually agree to a $200,000 investment in exchange for a 15% ownership stake. Kevin proposes to invest $150,000 in exchange for a $0.05 royalty per can until he receives $300,000.Īfter this point, the royalty will be eliminated, and he will retain a 5% ownership stake. However, Kevin O’Leary and Robert Herjavec are both willing to invest in the company. Mark, Daniel, and Lori are not interested in investing in Aura Bora due to the tough competition in the beverage sector. Maddie and Paul plan to generate up to $3.5 million in revenue by the end of 2021 and become profitable by the end of the year. The Sharks are impressed by the taste and sales figures of Aura Bora. Currently, their product is available in 488 retailers and they only control 74% of the company. They need the help of a Shark to expand their business into new retail locations, as Paul cannot visit stores due to Covid-19. This puts the value of their firm at $3 million. Maddie and Paul have appeared on Shark Tank with the aim of finding a strategic business partner who will invest $150,000 for a 5% ownership stake in their company. They were willing to offer $150,000 in exchange for 5% ownership of their company, which they believed would value their company at $3 million. Is there any social responsibility of Aura Bora Water?.What happens to the money of Aura Bora Water?.Who are the biggest competitors of Aura Bora Water?.What exactly is the Aura Bora shark tank?.Did Aura Bora get a deal on Shark Tank?.What Is The Current Valuation Of Aura Bora Water?.What Happened To Aura Bora Water After Shark Tank?.Aura Bora Water Shark Tank Table Summary:.What is Aura Bora Water? Who founded Aura Bora Water?.Tones Of Melanin Shark Tank Net Worth 2023 | Tones Of Melanin Shark Tank Updates.Tucky Belt Shark Tank Net Worth 2023 | Tucky Belt Shark Tank Updates.The Wild The Game Shark Tank Net Worth 2023 | The Wild The Game Shark Tank Updates.Aura Bora Water Shark Tank Net Worth 2023.
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