Mother Beverage (Poppi) Shark Tank 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?
Poppi, formerly known as Mother Beverage, is a company that provides an all-natural sparkling probiotic drink made with fruits, herbs, and apple cider vinegar.
Poppi primarily serves consumers in the United States and was founded in 2015 by Stephen and Allison Ellsworth in Austin, Texas. The company has raised $38.9 million in total and $25 million in its last funding round, which occurred six months ago.
Poppi’s competitors include Civil Ferments, Lion Tea, Purity Products, and BMT Weiser LLC. Other healthy soda alternatives include Fit Soda, Olipop, Health-Ade, and Alani Nu.
Mother Beverage (Poppi) Shark Tank Updates
Allison and Stephen Ellsworth appeared on Shark Tank in Season 10 Episode 8, seeking $400,000 for 10% of their prebiotic apple cider vinegar beverage, Mother. In early 2020, they rebranded the beverage as Poppi. With Shark investor Rohan Oza on board, they got ready to start selling Poppi through a network of grocery and convenience stores.
In episode 1119, Poppi got an update segment where the Ellsworths explained how and why they rebranded the beverage. Quick thinking and a readiness to pivot in the face of changing circumstances may have made the difference between success and failure for the Ellsworths.
Table: Mother Beverage (Poppi) Shark Tank
|Company Name||Mother Beverage (Poppi)|
|Founders||Stephen Ellsworth and Allison|
|Product Description||Carbonated beverage flavored with apple cider vinegar|
|Flavors Available||Orange, Strawberry Lemonade, Peach Tea, and Lime Ginger|
|Prebiotics||Contains pectin for aiding digestion|
|Shark Tank Offer||$400,000 for a 25% stake in the company from Rohan Oza|
|Valuation||$1.6 million after accepting Rohan’s offer|
|Sales||$500,000 in the previous year and a half|
|Availability||Over 2,000 stores, including Walmart and Whole Foods, and on Amazon; Plans to expand to 14,000 stores|
Mother Beverage (Poppi) FAQS
What Is Mother Beverage (Poppi), Founder, and How Does Mother Beverage (Poppi) Work?
Mother Beverage, now known as Poppi, is a brand of apple cider vinegar drinks that was founded by Allison Ellsworth and Stephen Ellsworth in 2017. The company was created as a healthier alternative to sugary sodas and juices that are often high in calories and added sugars.
Poppi drinks are made with organic apple cider vinegar, fruit juices, and natural flavors. Apple cider vinegar has been touted for its health benefits, such as aiding digestion and reducing inflammation.
Poppi drinks come in a variety of flavors, including blueberry, strawberry lemon, watermelon, and ginger lime.
In terms of how it works, Poppi drinks are intended to be consumed as a daily health drink. The organic apple cider vinegar in each drink is believed to have a variety of health benefits, such as supporting gut health and improving skin health.
The fruit juices and natural flavors in the drinks help to balance out the tartness of the apple cider vinegar, making it a more palatable drink option for those who may not enjoy the taste of straight apple cider vinegar.
Poppi drinks are available for purchase online and in select retail stores. The company has gained a following among health-conscious consumers who are looking for healthier drink options without sacrificing flavor.
What Happened To Mother Beverage (Poppi) After Shark Tank?
Mother Beverage, now known as Poppi, is an apple cider vinegar-based drink that was pitched on Shark Tank in 2018.
The founders, Allison and Stephen Ellsworth, secured a deal with shark investor Rohan Oza, who provided $13.5 million in venture money and joined the board of directors.
They also hired a new CEO to replace Allison, who still sits on the company board. In early 2020, they announced that they were rebranding the beverage as Poppi.
Since appearing on Shark Tank, Poppi has made a name for itself in the better-for-you beverage market. The drink is made from apple cider vinegar, organic fruit juice, and herbs. Poppi is sold through a network of grocery and health food stores, as well as on Amazon.
The company has expanded its product line to include new flavors, such as raspberry rose and ginger lime.
Poppi has been successful in part due to the founders’ willingness to pivot in the face of changing circumstances. The company has capitalized on the growing trend of consumers seeking healthier beverage options.
With the support of Rohan Oza and venture funding, Poppi has been able to expand its distribution and product line.
Is It True That Mother Beverage Got A Deal On Shark Tank?
Yes, it is true that Mother Beverage got a deal on Shark Tank. Allison and Stephen Ellsworth, the co-founders of Mother Beverage, appeared on Shark Tank in 2018 and asked for a $400,000 investment for 10% equity in their company.
Shark investor Rohan Oza offered $400,000 in exchange for 25% equity, which the husband-and-wife duo accepted. The deal was made on the show and the update was aired on Shark Tank Season 10.
Since then, Mother Beverage has rebranded as Poppi and has made a name for itself in the better-for-you beverage market. Poppi drinks are made from apple cider vinegar, organic fruit juice, and herbs. The company has expanded its product line and is now available in various flavors.
Is Mother Beverage Still In Business?
Yes, Mother Beverage is still in business, but it has undergone a significant rebranding and redesign. In early 2020, the company announced that it was rebranding the beverage as Poppi. The rebranding included a new name, different packaging, and distribution momentum.
The company also took $13.5 million in venture money from CAVU and hired a new CEO to replace Allison, who still sits on the company board.
With Shark investor Rohan Oza on board, they got ready to start selling Poppi through a network of groceries and Amazon. The company has also been featured in check-in for the Shark Tank show.
What Is The Current Valuation of Mother Beverage?
Mother Beverage is now known as Poppi, a prebiotic soda brand that focuses on gut health. Poppi recently raised $25 million in a series B financing round led by Rohan Oza, the founder of CAVU Consumer Partners, bringing the company’s total financing to nearly $53 million.
The funding will be used to continue expanding the brand and switch all distribution to direct store delivery by January 2023. There is no information available on the current valuation of Poppi.
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.
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.