Wondry Wine Shark Tank Net Worth-What Happened To Wondry Wine After The Shark Tank Pitch?
Wondry Wine Updates
Wondry Wine is a wine startup founded by Dallas couple Chaz and Whitney Gates. They appeared on Shark Tank in late 2022 and secured a deal with Mark Cuban for $225,000 in exchange for 15% equity.
Wondry Wine is expanding beyond Texas and will be available in retail stores in Arkansas and Georgia in 2023. The company is also in talks with Sam’s and H-E-B to carry their wine. Wondry Wine already ships its wines to approximately.
Wondry Wine offers a collection of cocktail wines that are fruit-forward and feature bold flavors. The wines are made with organic fruit extracts and contain no artificial ingredients. They are sold at a price point of $18.99 through retail and direct-to-consumer methods.
The company’s high-quality cocktail wines are continuously being sold on its website.
Chaz and Whitney Gates are a rarity in the wine industry, as fewer than 1% of American winemakers are Black. They hope to represent what is possible for many people, not just in the wine industry.
The couple started Wondry Wine with $100,000 and initially didn’t have a product, just market gaps they hoped to fill. They sold off multiple rental properties to fund their new venture.
Summary Table: Wondry Wine Shark Tank
| INFORMATION | DETAILS |
| Founders | Whitney and Chaz Gates |
| Product | Fruit-infused wine and sangria |
| Price range | $14 to $26 per bottle |
| Alcohol content | 13.9% ABV |
| Investment from Shark Tank | $225,000 in exchange for 15% equity from Mark Cuban |
| Valuation | $1.5 million USD as of 2023 |
| Expansion plans | Available in retail stores in Arkansas and Georgia in 2023 |
| In talks with Sam’s and H-E-B to carry their wine | |
| High-quality cocktail wines are continuously being sold on their website | |
| Unique selling proposition | Bold fruit-forward flavors with organic fruit extracts |
| No artificial ingredients | |
| Reject exclusivity | |
| Great-tasting wine should be enjoyed by all | |
| Wines are aged in small batches and tastefully crafted for any drinkers alike | |
| Diversity in the wine industry | Fewer than 1% of American winemakers are Black. |
| The couple hopes to represent what is possible for so many people, not just in the wine industry. |
What Is A Wondry Wine? Who Is The Founder Of Wondry Wine?
Wondry is a fruit-infused wine and sangria brand with a heightened alcohol content that was created to reimagine the wine experience. The brand boasts fruit-forward, semi-sweet wines infused with organic berry, citrus, and exotic fruit extracts for a succulently smooth and juicy finish.
Wondry’s products are priced between $14 to $26 per bottle, and they offer a wide selection of fruit-infused wine and cream with a funky twist on traditional wines that will leave you spoilt for choice.
Some of the wines from their collection include Watermelon Rosé, Mango Passion Spritz, Vanilla Caramel Cream, Cran-Apple En Blanc, Rose berry bubbly, Sangria Especial, etc. You can also opt to buy their best-selling bundles.
Wondry believes that great-tasting wine should be enjoyed by all. They reject exclusivity – #allwinoswelcomed from starter to sommelier. Their wines are aged in small batches and tastefully crafted for any drinkers alike. You can purchase Wondry’s products either from their website or from other retailers.
Whitney and Chaz Gates are the co-founders of Wondry Wine. Whitney earned an MBA from Washington University in St Louis and has worked at several major companies, including Coca-Cola and 7UP.
Chaz is a practicing attorney who practiced law in New York before moving back to his hometown in Texas. The idea of Wondry was born when Whitney was a little girl and too young to drink.
She was inspired by her uncle, who was an expert in winemaking. In 2017, Whitney decided to start Wondry after having an “aha moment” one evening.
Wondry Wine is a North Texas wine business that specializes in “cocktail wines” infused with organic fruit extracts in flavors like Mango Citrus Twist, Peach in Peace, and Sangria Especial. They also offer cocktail creams that can be served on ice or poured over coffee or ice cream.
On November 11, 2022, Wondry Wine landed an investment deal on ABC’s Shark Tank with Dallas entrepreneur and Dallas Mavericks owner Mark Cuban. Cuban offered to invest $225,000 for 15% equity in their start-up wine company.
How Does Wondry Wine Works?
Wondry Wine is a line of cocktail wines that uses organic fruits instead of grapes to produce a more approachable and stronger wine. The organic fruits used in the wine range from peaches to watermelon to apples, and the wine has an alcohol content of 13.9% ABV.
On each bottle of Wondry Cocktail Wines, there is a recommendation for which mixer to pair it with.
The founders of Wondry Wine, Whitney, and Chaz Gates, launched the company in August 2020 after locating a facility and purchasing the necessary equipment for wine production during the COVID-19 pandemic.
Wondry Wine is expanding beyond Texas and will be available in retail stores in Arkansas and Georgia in 2023. The company produces organic fruit extract and cocktail-infused wines, such as watermelon rosé and mango passion spritz, and cocktail creams.
Wondry Wine is available for purchase online and ships its wines to approximately. The company is also in talks with Sam’s about carrying the wine, and H-E-B just agreed to carry two of Wondry Wine’s products.
Wondry Wine was featured on ABC’s Shark Tank and landed a deal with Mark Cuban. The founders of Wondry Wine are a rarity in the wine industry, as fewer than 1 percent of American winemakers are Black.
The couple hopes to represent what is possible for so many people, not just in the wine industry. Wondry Wine believes that great-tasting wine should be enjoyed by all and aims to provide a premium wine experience without the sense of pretentiousness that often accompanies it.
What Is The Current Valuation Of Wondry Wine?
The current valuation of Wondry Wine is around $1.5 million USD as of 2023. This valuation was established after the company appeared on Shark Tank in November 2022 and secured a deal with Mark Cuban for a $225,000 investment in exchange for a 15% stake in the company.
The deal valued the company at just under $1.5 million. Since appearing on Shark Tank, Wondry Wine has experienced tremendous growth and success, securing additional funding and partnerships.
Wondry Wine is a natural wine made using organic fruits and without any artificial ingredients. Their wines are produced at 13.9% ABV (alcohol by volume) and come in a variety of flavors, including peach, apple, and mango.
The company’s cocktail wines are available at 48 retail stores in the United States, with an average price of $15 to $24 depending on the flavor.
Wondry Wine has expanded beyond its hometown of Dallas/Forth Worth and is now available in retail stores in Arkansas and Georgia. The company is also in talks with Sam’s Club about carrying the wine, and H-E-B has agreed to carry two of Wondry Wine’s products.
Despite being a relatively new company, having only been trading for 11 months at the time of their Shark Tank appearance, Wondry Wine has already secured distribution in major retail stores.
What Happen To Wondry Wine At The Shark Tank Pitch?
Wondry Wine, a North Texas wine business launched in 2021 by husband and wife team Whitney and Chaz Gates, landed an investment deal on ABC’s Shark Tank with Dallas entrepreneur and Dallas Mavericks owner Mark Cuban.
Mark Cuban offered to invest $225,000 for 15% equity in their start-up wine company. Wondry Wine specializes in “cocktail wines” infused with organic fruit extracts in flavors like Mango Citrus Twist, Peach in Peace, and Sangria Especial. They also offer cocktail creams that can be served on ice or poured into coffee or over ice cream.
After the Shark Tank pitch, Wondry Wine received a major boost in sales. The company’s high-quality cocktail wines are continuously being sold on its website.
The Shark Tank Collection is one of their popular products – it includes a juicy, semi-sweet wine infused with organic orange & lime extracts that delivers a light-bodied profile at 13.9% ABV. Customers have given positive feedback about the taste of Wondry Wine’s products.
What Happen To Wondry Wine After The Shark Tank Pitch?
Wondry Wine appeared on Shark Tank during Season 14, seeking an investment of $185,000 for 8% equity. After the show aired, Wondry Wine received a major boost in sales and secured a partnership with Southern Glazer’s, which is the world’s biggest alcohol distributor.
As of 2023, Wondry Wine is worth $1.5 million and has become part of the 1% of black-owned wine and spirits companies in America. The startup is expected to get more positive feedback as its products mostly have 5-star reviews from customers on its website.
They started by selling online but soon got into a number of retail stores. Wondry Wine is continuously being sold on its website and is expected to scale the business with Mark Cuban’s investment.
Wondry Wine Shark Tank Net Worth
The founders, Chaz and Whitney Gates pitched their company on Shark Tank and secured a deal with Mark Cuban. As of 2023, Wondry Wine is worth $1.5 million. Since appearing on Shark Tank, Wondry Wine has experienced tremendous growth and success.
During their Shark Tank pitch, Chaz and Whitney Gates asked for $185k for an 8% stake from the sharks. Mark Cuban invested $225K in “Wondry Cocktail Wines” for 15% equity.
The retail price of their wines ranges from $14 to $99. A single bottle costs just under $4 per bottle, while retail stores buy the bottles from Wondry at just under $14 per bottle.
Wondry Wine has received positive reviews for its sophisticated profile, delightful flavor, smooth finish, refreshing fruit-forward flavor with a kick like your favorite cocktail, and elevated alcohol experience with a succulently-smooth finish.
Is Wondry Wine Still In Business?
Yes, Wondry Wine is still in business as of November 2022. They are a small-batch craft wine company that produces 100% natural wine using organic berry, citrus, and exotic fruit without adding any artificial ingredients.
Their wines are produced at 13.9% ABV (alcohol by volume) and sold at an average price of $18.99 through retail and direct-to-consumer methods. The company is headquartered in Dallas, Texas, United States.
Wondry Wine appeared on Shark Tank in Season 14 and received a deal with Mark Cuban for $225,000 for 15% equity. Since appearing on the show, the company has received a major boost in sales. However, their net worth is estimated to be around $60,000 based on their old sales reports.
Wondry Wine’s high-quality cocktail wines are continuously being sold on their website and delivered to customers’ doorsteps. They believe that great-tasting wine should be enjoyed by all without feeling excluded from the premium wine experience due to pretentiousness or intimidation.
Wondry Wine Shark Tank Updates
Wondry Wine appeared on Shark Tank during Season 14, seeking an investment of $185,000 for 8% equity. Mark Cuban agreed to invest $225,000 for 15% equity, which was more than the original ask.
Wondry Wine produces organic fruit extract and cocktail-infused wines, such as watermelon rosé and mango passion spritz, and cocktail creams, like vanilla caramel.
The company’s high-quality cocktail wines are continuously being sold on its website, and they can also be found in Total Wine and Target stores throughout the Dallas/Fort Worth area and North Texas.
After the airing of its Shark Tank episode, Wondry Wine’s sales skyrocketed by 1,000 percent, and the company cracked the $1 million threshold in sales as of January 2023.
Wondry Wine is expanding its retail presence beyond Texas and will expand to retail stores in Arkansas and Georgia in 2023. The company is also in talks with Sam’s about carrying the wine, and H-E-B just agreed to carry two of Wondry Wine’s products.
What Is Wondry Wine?
Wondry Wine is a brand of cocktail wines that delivers an elevated alcohol experience with a succulently-smooth finish. The wines are made with organic fruit extracts and contain no artificial ingredients.
Wondry Wine offers a refreshing fruit-forward flavor with a kick like your favorite cocktail.
The wine is semi-sweet and crafted from all-natural, organic berry, citrus, and exotic fruit extracts, with heightened alcohol content (13.9%), perfectly balanced, luxuriously smooth, and enchantingly aromatic for an indulgent, sensory adventure.
Wondry Wine was founded by Whitney and Chaz Gates, who wanted to start a business and make money. The couple is a rarity in the wine industry; fewer than 1 percent of American winemakers are Black.
Wondry Wine is expanding beyond Texas and is available in retail stores such as Kroger, Target, Total Wine, Goody Goody, Costco, and Spec’s stores. The company is also in talks with Sam’s about carrying the wine, and H-E-B just agreed to carry two of Wondry Wine’s products.
In 2023, Wondry will expand to retail stores in Arkansas and, through a deal with Atlanta-based Savannah Distributing, Georgia.
How Does Wondry Wine Shark Tank Work?
Wondry Wine is a wine company that appeared on Shark Tank in late 2022. The company produces organic fruit extract and cocktail-infused wines, such as watermelon rosé and mango passion spritz, and cocktail creams, like vanilla caramel.
Wondry Wine caught the attention of billionaire entrepreneur Mark Cuban, who invested $225,000 in the company.
The company’s sales skyrocketed by 1,000 percent immediately after the airing of its Shark Tank episode, and as of January 2023, Wondry cracked the $1 million threshold in sales.
Wondry Wine’s products are available in retail stores such as Kroger, Target, Total Wine, Goody Goody, Costco, and Spec’s stores. The company ships its wines to approximately 40 states through its direct-to-consumer website.
In 2023, Wondry will expand to retail stores in Arkansas and Georgia through a deal with Savannah Distributing. The company is also in talks with Sam’s about carrying the wine, and H-E-B just agreed to carry two of Wondry Wine’s products.
Wondry Wine’s products are fruit-forward dessert drinks featuring bold flavors that can be overlooked by the oftentimes exclusive wine industry. The company’s wines are infused with organic fruit extracts and crafted with a kick, with 13.9% alcohol content.
The wines come in a variety of flavors and are a bridge between boring wines, complex handcrafted cocktails, and drinks with artificial ingredients.
Customers can purchase Wondry Wine’s products through the company’s website, and the Shark Tank collection is available for purchase on the website as well.
How Did Wondry Wine Perform On Shark Tank?
Wondry Wine is a wine startup that produces organic fruit extract and cocktail-infused wines and cocktail creams. The company appeared on Shark Tank in Season 14, Episode 8, which aired on November 11, 2022.
Founders Whitney and Chaz Gates asked for a $185,000 investment in their already award-winning wines, which would come with an 8% share of the company. The sharks opted against investing in the company, citing a number of reasons.
However, billionaire investor and Wondry Wine partner Mark Cuban agreed to invest $225,000, which was more than the original $185,000 that Wondry Wine was seeking in the Tank. Cuban received 15% equity in the company.
Immediately after the airing of its Shark Tank episode, Wondry Wine’s sales skyrocketed by 1,000 percent, and the Gates couple says as of January 2023, Wondry cracked the $1 million threshold in sales.
Wondry Wine’s cocktail wines were launched in August 2020 and were initially offered only online. However, after the successful launch, Wondry Wines can now be found in both Total Wine and Target stores throughout the Dallas/Fort Worth area and North Texas.
Wondry Wine’s Shark Tank collection is available on their website and includes a variety of wines such as the Shark Tank Collection, which features a juicy, semi-sweet wine infused with organic orange and lime extracts.
What Was The Investment Deal Made On Shark Tank?
There have been many investment deals made on Shark Tank, so it is unclear which specific deal is being referred to.
However, some of the biggest deals made on the show include the $2 million investment in Ten Thirty-One Productions, the $2.5 million investment in Zipz, and the $1.5 million investment in xCraft.
It is important to note that the deals made on Shark Tank are not always finalized on the show. After making a handshake deal on the show, the investor begins their own due diligence.
The sharks typically require a stake in the business, and the money they invest is all theirs and not provided by the show.
Overall, Shark Tank has helped many entrepreneurs take their companies to new heights. The top eight most successful products that got their start on the show have generated a minimum of $100 million in sales each.
The Sharks have teams of experts dedicated to helping their Shark Tank companies, including in-house lawyers, marketers, and accountants.
How Has Wondry Wine Grown Since Appearing On Shark Tank?
Wondry Wine is a wine startup that produces organic fruit extract-and cocktail-infused wines and cocktail creams. The company was launched in August 2020 and initially offered its products only online.
However, after a successful launch, Wondry Wine’s products can now be found in Total Wine and Target stores throughout the Dallas/Fort Worth area and north Texas.
In late 2022, Wondry Wine founders Whitney and Chaz Gates appeared on Shark Tank in search of an investment for their wine startup.
The couple asked for $185,000 investment in return for 8% equity, and they received a $225,000 investment for 15% equity from Mark Cuban.
Immediately after the airing of its Shark Tank episode, the brand’s sales skyrocketed by 1,000 percent, and as of January 2023, Wondry cracked the $1 million threshold in sales.
Since agreeing to the investment from Cuban, Wondry Wine has expanded its distribution and landed its products on shelves inside Kroger, Target, Total Wine, Goody Goody, Costco, and Spec’s stores.
The company recently inked a 10-year distribution deal with Southern Glazer’s and is expanding to retail stores in Arkansas and Georgia through a deal with Savannah Distributing. The company is also in talks with Sam’s about carrying its products.
In summary, Wondry Wine has experienced significant growth since appearing on Shark Tank. The company’s sales skyrocketed after the airing of its episode, and it has expanded its distribution to several major retailers.
Wondry Wine has also inked a 10-year distribution deal with Southern Glazer’s and is expanding to retail stores in Arkansas and Georgia.
What Is The Current Valuation Of Wondry Wine After Shark Tank?
Wondry Wine appeared on Shark Tank in November 2022 and secured a deal with Mark Cuban for $225,000 in exchange for 15% equity in the business. The deal valued Wondry Wine at just under $1.5 million.
Since appearing on Shark Tank, Wondry Wine has experienced tremendous growth and success. They have secured additional funding and partnerships, leading to an estimated net worth of $1.5 million as of 2023.
Wondry Wine produces organic fruit extract-and cocktail-infused wines and cocktail creams.
Their products were initially offered only online, but after a successful launch, Wondry Wines can now be found in both Total Wine and Target stores throughout the Dallas/Fort Worth area and north Texas.
After their episode aired in November 2022, Wondry Wine sales increased by 1000%. The company is expanding beyond Texas and has signed a 10-year distribution deal with Southern Glazer’s in January 2023.
They are also opening up stores in Arkansas and are in talks with Sam’s about carrying the wine.
In conclusion, as of 2023, Wondry Wine has a net worth of around $1.5 million and is expanding its distribution beyond Texas.
