GHIA Shark Tank Net Worth- What Happen To GHIA After The Shark Tank Pitch?
What Is A GHIA? Who Is The Founder Of GHIA?
Ghia is a non-alcoholic aperitif drink that was started by the founder, Melanie Masarin, inspired by the Mediterranean tradition. It is prepared using all-natural ingredients, including herbal nervines, which have been used for centuries to slow stress and bring on energy.
Ghia is a spirits-free, non-toxic drink that does nothing to numb the night and can be consumed by anyone because it is alcohol-free.
As of November 2022, Ghia is still in business. The demand for alcohol-free drinks has been increasing rapidly, so there are many companies focusing on making alcohol-free drinks at present time.
What Happen To GHIA At The Shark Tank Pitch?
During the pitch on Shark Tank, Melanie Masarin presented her company Ghia, which produces non-alcoholic beverages. She asked for $250,000 for a 5% equity at a $5 million valuation. The judges were impressed to learn that she was raising $6.5 million at a $35 million valuation.
The sharks were impressed with the sales figures, but the company had suffered a loss of about $1 million during the same period. Ghia was planning to raise $10 million from other investors.
Daymond John decided to withdraw from the negotiations without making an offer, while Lori Greiner also felt that the company was not investable and dropped out.
Mark Cuban believed that the company would need a significant amount of money to grow in the future, but Robert Herjavec disagreed. Robert offered exactly what Melanie was asking for, which was $250,000 for just 5% equity.
Kevin O’Leary also made an offer of $250,000, but he asked for 10% equity. While Melanie was negotiating with Kevin, Robert became impatient and dropped out. Melanie ultimately declined Kevin’s offer since she was not willing to give up 10% equity.
What Happen To GHIA After The Shark Tank Pitch?
Ghia, an alcohol-free drink company founded by Melanie Masarin, pitched to the Sharks on Shark Tank in 2023. The pitch went well and Robert offered Melanie the exact deal she asked for, but she ultimately decided not to accept it.
Since then, Ghia has raised $10 million by October 2022 and the founders hold 57% of the stakes of their company.
Despite not getting a deal from the Sharks, Ghia has sold well this year and Melanie is continuing to grow her business with the help of mentors and investments.
GHIA Shark Tank Net Worth
Ghia Non-Alcoholic Drinks appeared on Shark Tank in October 2022, and the company’s net worth before appearing on the show was $5 million USD. T
he founder of Ghia Non-Alcoholic Drinks, Melanie Masarin, has a net worth of $3.5 million USD as of 2022.
Currently, Ghia is valued at $35 million based on the last round of funding. The company has raised $10 million by October 2022, and to date, it has raised $3.5 million with the first $900,000 at a $7.5 million valuation.
Ghia’s bid on Shark Tank reflects the urgent need for a variety of non-alcoholic beverages. Ghia was invented after Melanie Masarin was out of options to drink a non-alcoholic beverage while touring with friends near the Mediterranean Sea.
The market size of Ghia is $800 billion and is expected to rise to $1.6 trillion by 2025. The drinks are available nationwide across 750+ bars, liquor stores, hotels, and mom-and-pop grocers. The product is even shipped across 50 states in the US and has partnered with Mayple too.
Is GHIA Still In Business?
Yes, Ghia is still in business as of November 2022. The company produces non-alcoholic beverages that are similar to aperitifs and are made using all-natural ingredients such as herbal nervines.
Ghia was founded by Melanie Masarin in November 2019 and has since raised $10 million by October 2022. The company gained a lot of traction with the rise of the sober-curious movement, where people question how alcohol affects them.
Despite not getting a deal on Shark Tank, Ghia seems to be going strong and is forecasted to make $4.5 million in 2022, which will double in 2023. The drinks are available nationwide across 750+ bars, liquor stores, hotels, and mom-and-pop grocers.
The product is even shipped across 50 states in the US and has partnered with Mayple too. Ghia’s net worth is reportedly $1 million, and the market size of Ghia is $800 billion and expected to rise to $1.6 trillion by 2025.
In conclusion, Ghia is still in business as of November 2022. Despite not getting a deal on Shark Tank, the company has been successful due to its unique product offering that caters to the sober-curious movement.