Define Water Bottle Shark Tank Update| What Happened to Define Water Bottle after Shark Tank?
What is Define Water Bottle?
Define Bottle is a conventional water bottle with a unique twist; it allows you to integrate the delectable taste of fresh fruit into your water.
Its primary objective is to provide both children and adults with delightful, natural, nutritious refreshments and to provide an alternative to the sugar-filled artificially flavored drinks that are so prevalent on the market.
Carter Kostler of Virginia Beach is the inventor of the Define Bottle, which he created while he was just 15 years old and in high school.
Who is the founder of Define Water Bottle?
Carter Kostler of Virginia Beach is the founder of the Define Bottle, which he created while he was just 15 years old and in high school. Carter created Define Bottle as a means to provide a delightful alternative to the sugary beverages he frequently saw in the school cafeteria for kids his age in high school.
Carter created the Define Bottle when he was 13 years old, and it went from concept to prototype in just six months.
It’s basically a two-chambered water bottle separated by a filter. Fresh fruit and water are placed in one compartment, while plain old drinking water is placed in the other.
The fruit-infused water filters through, organically flavoring the drinking water. Carter created the beverage to provide better drinking alternatives for children.
His ambition is to “wean a whole generation of youngsters off soda, one school district at a time.”
Carter has received a lot of great press: he was recognized by President Clinton at the 2013 Clinton Foundation Health Matters Conference, he was featured in Forbes Magazine, and Define Bottle was named one of Entrepreneur Magazine’s Top 100 Brilliant Companies.
That’s a lot of growth for a child who still can’t drive! The Define Bottle is available on Amazon and directly from the manufacturer.
What Happened to Define Water Bottle at Shark Tank pitch?
In Shark Tank episode 516, the Young Entrepreneurs Special, Carter Kostler pitches the Define Bottle, a water bottle that uses fresh fruit to infuse taste into drinking water. Carter is looking for a Shark to assist with finance for manufacturing and wide distribution.
Carter appeared on Shark Tank in seeking of $100,000 investment in exchange for a 20% stake in his company, which was worth $500,000.
He claims that the average American consumes 1-2 sodas every day. By flavoring the water with fresh fruit, he hopes to encourage Americans, particularly children, to drink more water.
Carter has sold $65,000 in goods in the four months after introducing the Define bottle to the market. Sales were divided between online and wholesale sales through his website.
The Define bottles are available at Whole Foods and David’s Teas, a Canadian specialty tea shop. The retail price is $30, and the cost is $10.
He’s spoken with a Chinese manufacturer that claims to be able to reduce the cost to $5 per device. The website receives 2,000 hits per day and has a conversion rate of.5%.
Lori Greiner feels that there is a lot of competition and that the pricing is too high. She’s out.
The $300,000 development investment astounded Barbara Corcoran. She enjoys the product but does not believe she will receive her money back. She’s out.
Kevin O’Leary says it is uninvest able due to the “tremendous quantity of competition.” He’s out as well.
Robert Herjavec is disappointed that David’s Teas has not placed a reorder, but he is ready to make a $100,000 offer in exchange for 40% ownership of the firm because the risk is so great. Carter requests a time to consult with his parents.
When he returns, Carter explains that he feels the firm is worth $500,000 and makes a counter-offer, asking Robert if he is ready to accept $100,000 in exchange for 30% equity shares. Because of the magnitude of the danger, Herjavec refuses to accept the counter offer.
Mark Cuban believes the danger is too high, and that the pressure from Carter’s parents’ mortgage is too great. He’s out. Carter departs the Tank without a Shark deal after the last Shark speaks.
What Happened to Define Water Bottle after Shark Tank?
Although Carter was upbeat as he left the Tank, he subsequently confessed that not securing a deal was initially disheartening.
Instead of allowing the setback to derail him, he went out and re-launched the Define Bottle. Within a few months, he’d secured arrangements with many large shops, and sales had skyrocketed to $2 million.
Carter’s big break came when singer Carrie Underwood approached her about producing a design. He was able to go into Dick’s Sporting Goods and Target because to her relationship. He was also a young ambassador for The Alliance for a Healthier Generation for three years.
Carter returned to the Shark Tank in May 2015 for Episode 1 of Beyond the Tank. The Define Water Bottle was highlighted as a success story, and Carter was able to demonstrate to the Sharks how far he’d gone without their funding. Carter, like many other entrepreneurs, learnt as much from failure as he did from success. One water bottle at a time, he’s well on his way to attaining the American Dream.
Carter left the company in 2016 to join the US Marine Corps. He is still a reserve in the Amphibious Assault Vehicle Fleet as of January 2022.
Competitors of Define Water Bottle
The Define Water Bottle was in direct competition with OXO Water Dispenser, Hydro Flask, and Nalgene.
Net Worth of Define Water Bottle
The company valuation was $500,000 during and after the pitch, since then the company went out of business in 2016 and hence the company net worth is not available.
Define Water Bottle FAQs
What is Define Water Bottle?
Define Water Bottle is a fruit infused water bottle that helps people drink more water with the infusion of all-natural fruit flavors.
Who was the founder?
Define Water Bottle was developed by Carter Kostler. It is his first invention.
How much was seeking on Shark Tank?
Carter was asking for $100,000 for 20% stake of the company.
Did he have the deal?
No, the deal was not made and Carter left without a deal on Shark Tank.
Is Define Water Bottle still in business?
No, Define Water Bottle is not in business anymore.
Where was Define Water Bottle located?
Define Water Bottle is located in Boston, Massachusetts.
Does Define Water Bottle have a website or social media accounts?
Define Water Bottle does not have a website and does not maintain social media accounts.
What was the total raise by Define Water Bottle?
Carter raised $65,000 in sales during his first four months since introducing Define Water Bottle to the market.
How Define Water Bottle works?
It is a simple two-chamber water bottle, but instead of drinking plain water, one get the infusion of fruit flavors for their water.
What is Define Water Bottle made of?
Define Water Bottle is made of BPA and Phthalate free material to be healthy and safe for you.
Why people like Define Water Bottle?
Many people like Define Water Bottle because they find it to be an economical and healthy way to add fruit flavor in bottled water.
What is the cost of Define Water Bottle?
The cost of a bottle is $30, but it can be purchased in sizes for less than $10 for more than a year’s supply.
What are the sizes & colors of Define Water Bottle?
Define Water Bottles comes in one size and three colors.
Where is Carter Kostler now?
Carter is currently serving with the US Marine Corps.
How much does Carter Kostler worth?
Carter Kostler net worth was not revealed.