Mother Beverage (Poppi) Net Worth
Stephen and Allison, the co-founders of Mother Beverage (Poppi), appeared on Shark Tank looking for a $400,000 investment for a 10% stake in their company. This would have brought the valuation of their company to $4 million.
However, they received a counteroffer from guest shark Rohan Oza, who was impressed with their product and its potential for success in the beverage industry. Rohan offered them $400,000 for a 25% stake in the company, which means that the new valuation of the company was $1.6 million.
Stephen and Allison ultimately accepted the offer from Rohan, which led to a partnership that helped them to expand their business and reach more customers.
With Rohan’s expertise in the industry and his connections, Mother Beverage (Poppi) was able to grow quickly and establish a presence in over 2000 shops, including Walmart and Whole Foods. They also received additional venture capital from CAVU, a venture firm that Rohan recommended to them.
Despite the lower valuation, Stephen and Allison’s decision to accept Rohan’s offer turned out to be a smart move.
They were able to gain valuable insights and resources from Rohan and CAVU, which helped them to continue expanding their brand and increasing their sales. They are now on track to be in 14,000 additional stores by the end of 2021, which is a testament to their hard work and dedication to their business.
What is Mother Beverage (Poppi) and Who Founded Mother Beverage (Poppi)?
Mother Beverage, also known as Poppi, is a type of carbonated beverage flavored with apple cider vinegar. The drink has a light, fruity, and bubbly taste that is popular among consumers.
Some of the most popular flavors of Poppi include Orange, Strawberry Lemonade, Peach Tea, and Lime Ginger. Poppi contains prebiotics, which includes pectin that aids digestion, due to the apple cider vinegar infusion.
Stephen Ellsworth and Allison, co-founders of Mother Beverage (Poppi), had previously worked in the Landman sector of the oil and gas industry.
Prior to starting Poppi, they had no experience in the beverage industry. In 2016, they opened their first Poppi location in Dallas, Texas, under the name “Mother Beverage”.
Allison, who had been struggling with stomach issues for four years, decided to take her health into her own hands and researched the benefits of apple cider vinegar on Google.
She was trying to create a more appealing apple cider drink when she came up with the idea for Poppi. Allison began to feel better after drinking the apple cider-infused beverage for only two weeks.
The company sold its product at the Dallas Farmers Market in 2016, which led to its discovery by Whole Foods. Within a year, they had over a dozen Whole Foods locations and were making more than $500,000 in sales. By November 2020, Poppi was one of the leading prebiotic soda brands, with a 531 percent year-over-year increase.
Despite the challenges of the pandemic and the uncertain economic climate, Allison and Stephen launched the brand in March 2019 and are now working full-time to expand and promote their product. Stephen Ellsworth and Allison are the co-founders of Mother Beverage (Poppi).
Mother Beverage (Poppi) Shark Tank Pitch
What occurred with Mother Beverage (Poppi) during their pitch on Shark Tank and what has happened to them since then?
Mother Beverage (Poppi) offers free delivery within a five-mile radius of Dallas and can be purchased on Amazon Prime Now in the Dallas Fort Worth area, or through their website.
A 12-pack of 12-ounce bottles costs $42, while a 24-pack costs $84 and ships for free. The founders, Stephen and Allison, were seeking $400,000 for a 10% stake in the company, valuing it at $4 million.
During the Shark Tank pitch, the Sharks enjoyed the taste of the beverage and were impressed by the $500,000 in sales the company had generated over the previous year and a half.
However, they expressed concerns about the need for extensive marketing and the fact that the product was not proprietary. The Sharks were also wary of the founders’ plans to build their own bottling facility.
Only guest Shark Rohan was willing to invest, offering $400,000 for a 25% stake in the company. The founders accepted his offer, which was based on the need for significant marketing expenses to promote the beverage. The deal valued the company at $1.6 million.
Since appearing on Shark Tank, Mother Beverage (Poppi) has abandoned its plans to build a bottling facility and has instead partnered with a network of co-packers around the United States.
The company has expanded its product line to include cans and is now available in over 2,000 stores, including Walmart and Whole Foods, as well as on Amazon.
The company has also rebranded itself as Poppi, a name that the founders believe is more trademarkable. They have received additional venture capital from CAVU, a venture firm recommended to them by Rohan. They have also appointed a new CEO to replace Allison, who remains on the board of directors.
As of the end of 2020, Poppi was available in over 2,000 locations, with plans to expand to an additional 14,000 stores by the end of 2021. According to Rohan, Poppi has the potential to become Shark Tank’s first billion-dollar brand.
Mother Beverage (Poppi) Net Worth
Stephen and Allison are looking for $400,000 for a 10% stake in their company, which brings the valuation of the company to $ 4 million.
They made a deal of $400,000 for a 25% stake, which brings the valuation to $1.6 million.
Mother Beverage (Poppi) Competitors
Alison says: Their biggest competitor is big soda.
Mother Beverage (Poppi) FAQS
Poppi is owned by which company?
The result was a drink that quickly became popular at a Dallas farmers market, where the couple was approached about selling Poppi at Whole Foods Market.
They subsequently chose to quit their employment and focus solely on Poppi, even landing a deal on Shark Tank from CAVU Ventures co-founder Rohan Oza in December 2018.
Is it true that Mother Beverage got a deal on Shark Tank?
Allison and Stephen appeared on “Shark Tank” in 2018 to market their original drink, Mother Beverage.
They came in asking for $400,000 in return for 10% stock.
Shark investor Rohan Oza made an offer of $400,000 in return for 25% ownership, which the husband-and-wife team accepted.
Poppi is manufactured in what country?
Poppi makes prebiotic soda by combining natural fruit juice and apple cider vinegar. It was established in 2015 and is headquartered in Dallas, Texas.
Is it safe to consume Poppi when pregnant?
Poppi is a terrific complement to their daily routine and is safe to consume while pregnant.
Poppi contains how much apple cider vinegar?
Apple cider vinegar (ACV) is a centuries-old homeopathic medicine, and each can of Poppi contains around one tablespoon of it.
Because it is unfiltered and pure, it retains the “mother,” as well as polyphenols and prebiotics from pectin.
Is Poppi caffeine-free?
The classic Cola and Doc Pop Poppi tastes include 50mg of caffeine.
What amount of apple cider vinegar should they drink each day?
The typical daily dose is 15-30 mL.
What does the word Poppi imply in English?
Poppi is Italian for “poppy flower.”
Which Poppi flavour is their favourite?
Orange, Peach Tea, Strawberry Lemonade, and Lime Ginger are the major standouts.
Is Poppi need to be refrigerated?
When served cold, Poppi has a more refreshing flavour. It may, however, be taken at room temperature.
If they only drink half of the contents of the can and wish to store the rest for later, keep the amount they save refrigerated.
If the can is not opened, there is no requirement for refrigeration.
Is poppy a real name?
Poppy is a feminine given name derived from the flower’s name.
Is Poppi soda delicious?
It’s refreshing, light, and not sickly sweet at all; the tastes are authentic, and they’re all great.
What Is the Shelf Life of Soda?
Once they’ve opened a bottle or can of soda, it’s ideal to refrigerate the leftover contents, but they should consume it within 4 days otherwise the drink will lose its distinctive flavour.
Unopened Coke keeps well in the fridge and is good for 6-9 months beyond the sell-by date.
Can they drink Poppi on a daily basis?
The beautiful thing about Poppi is that they can drink it anytime they want. It’s delicious on its own or with a glass of mead.
What is Allison Ellsworth net worth?
Currently there is no updates about his worth.
