Ora Organic Shark Tank Net Worth 2023
According to Shark Tank Blog, Ora Organic’s sales reportedly went up 400% after appearing on the show, and the company claimed to be worth $10 million.
As of January 2023, the company is still in business with annual revenues of about $2.5 million. However, it is unclear whether the company’s net worth has changed since its appearance on Shark Tank.
Geeks Around Globe reported that Ora Organic had a net worth of $7.5 million before appearing on Shark Tank. The same source also reported that as of 2022, Ora Organic’s founders Will Smelko and Ronald Chang have a net worth of $12.5 million.
Shark Tank Recap reported that after appearing on Shark Tank, Ora Organic claimed to be worth at least $10 million. However, this source does not provide any updates on the company’s current net worth.
In summary, while there are reports of Ora Organic being worth $10 million before and after its appearance on Shark Tank, there is no clear information available regarding its current net worth in 2023.
What is Ora Organic? Who is the Founder of Ora Organic?
Ora Organic is a popular meal replacement product available in the market that is plant-based and has high protein and low carbohydrate content.
It can be consumed as a shake or smoothie, providing a healthy and energetic option. Ora Organic offers other health-related products such as protein bars, powders, pre-made shakes, and snacks for convenience.
The company was established in 2015 by Ron Chang, Will Smelko, and Erica Bryers, with the goal of producing nutrients instead of supplements.
They aimed to promote ethical sourcing, high-quality nutrition, and overall well-being through their products.
Ora Organic supplements are all plant-based as they believe it is a more sustainable, healthy, and ethical approach than using animal-based products.
The word ‘Ora’ in Maori means ‘life, health, and energy,’ which reflects the company’s focus on providing wholesome and nutritious products.
Ora Organic protein powder contains no added sugars, fillers, artificial colors, or preservatives.
Furthermore, their packaging is biodegradable and contains sunflower seeds, which decompose and sprout sunflowers when discarded in the garden.
Ora Organic made its debut at the Natural Products Expo East in 2016 and expanded significantly by 400% in 2017. In the same year, the company was awarded the NBJ Small Company Growth Award.
Ora Organic extracts the beneficial elements from fruits and vegetables, incorporating them into their supplements, rather than using synthetic chemicals or animal-based components that may not be safe for consumption.
Their products, such as Omega 3 spray, are derived from sustainably harvested algae and are GMO-free and organic.
Ora Organic offers a range of vitamins, protein powders, and organic powders that can be added to meals or drinks for added nutrition. Prices for their products vary between $20 and $50, and they are available on their website and Amazon.
Ora Organic Shark Tank Pitch
After establishing Ora Organic, Chang and Will decided to present their idea to investors on Shark Tank to obtain assistance with mass distribution. They requested $375,000 for a 5% stake in their $7.5 million-valued company.
During the pitch, Chang demonstrated the unhealthy chemical components found in many supplements by adding them to a saucepan.
He then showed a table full of fruits and vegetables, explaining how their nutrients are natural and created by the chef. They offered samples and explained the negative effects of man-made vitamins.
They also disclosed $415,000 in sales within ten months, as well as a $150,000 investment at a valuation of $2.2 million.
Robert announced that he wasn’t interested in the supplement industry and dropped out of the deal. Daymond also left, disagreeing with the Sharks’ valuation.
Lori liked the products but was dissatisfied with the packaging, and she declined the deal. Mark assumed the company was venturing into the food industry and licensing to food firms, so he withdrew his offer.
Kevin admired their concept but not the valuation, offering $375,000 for 20% ownership of the company at a $1.875 million valuation.
After negotiations, Kevin revised his offer to $375,000 for 17% ownership of the firm at a valuation of $2.21 million, but the entrepreneurs ultimately declined and left the Shark Tank without a deal.
Despite not striking a deal, the company continued to operate, launching new products such as apple cider vinegar pills.
It received the 2017 NBJ Small Company Growth Award and experienced a 400% increase in sales due to Shark Tank exposure.
The company is currently worth $10 million, with all products available on Amazon. As of 2021, it generates annual revenues of approximately $1 million.
Competitors of Ora Organic
Ora Organic faces competition from several other supplement manufacturers. The company competes with; Tapad, WordPress.org, OpenX Market Japan, Media.net and PubMatic.
Net Worth of Ora Organic
The company is worth $10 million in 2018 and they had made a lot of sales since then which mean the valuation had elevated in 2021.
Ora Organic FAQs
What is Ora Organic?
Ora Organic is a supplement manufacturer founded in 2015 by Ron Chang, Will Smelko, and Will’s wife, Erica Bryers.
They were inspired to start the business because they wanted to help create sustainable products that people would want to buy.
Who is the Founder?
Ron Chang, Will Smelko, and Will’s wife, Erica Bryers founded the firm in 2015 with the intention of manufacturing supplements rather than supplements.
What is their offer on Shark Tank?
They were seeking $375,000 for a 5% stake, a valuation of $7.5 million.
Did they get the offer?
No, they did not get an offer.
Is still in business?
Yes, they are still in business.
What is their mission?
Their mission is to create organic nutrients from natural materials. Their goal is to make supplements out of fruits and vegetables instead of synthetically-derived chemicals.
They want consumers to purchase food rather than supplements. In addition, they intend to manufacture goods that are tastier and healthier than most alternatives.
What Are Ora Organic Supplements?
Supplements are the main products. Its main products are vitamins and protein shakes.
Are Ora Organic a Supplement Manufacturer or a Supplement Delivery Company?
Ora Organic is a supplement manufacturer. It manufactures vitamins and protein powders for health enthusiasts who want to consume more nutrients from natural sources.
What is Ora Organic protein powder?
Ora Organic protein powder is their most popular product that they sell on Amazon. It is a protein supplement that people may mix into their drinks or eat with vegetables.
How are Ora doing after shark tank?
They received the 2017 NBJ Small Company Growth Award. Sales allegedly increased 400% as a result of the Shark Tank influence, and the firm is now worth $10 million. All of their merchandise is available on Amazon.
Where is Ora organics from?
New Zealand’s “Ora” is derived from the Maori greeting “Kia Ora,” which simply translates to “be well.” Ora Organic aims to bring the supplement business into the twenty-first century by using nutrients derived from actual organic whole foods grown in California.
Where are Ora products made?
Ora Organic is a vegan and organic supplement company based in Austin, Texas.
Ora Organic was founded by and for healthy foodies with the goal of replacing synthetic supplements with genuine foods for long-term sustenance.
Their product categories include items that promote exercise, digestive health, holistic health, beauty, and overall wellness.
Are there products similar to Ora Organic?
Yes, several other companies have created supplements which are similar to their products, but they have attempted to improve on their products by making them more convenient and healthier with natural ingredients.
These companies are Tapad, WordPress.org, OpenX Market Japan, and Media.
What is the net worth of Ronald Chang?
The net worth is currently unknown.
What is the net worth of Will Smelko?
The net worth is currently unknown.
What is the net worth of Erica Bryers?
The net worth is currently unknown.
