In Shark Tank Season 12 Episode 11, a brand of sparkling herbal water called Aura Bora appeared. The founder of Aura Bora did a fantastic job pitching the Shark Tank judges and received a lot of funding. This article discusses Aura Bora’s Shark Tank Update, Net Worth, and Deals.
According to the founder, Aura Bora is a tiny soda company that uses herbal components. Many people use this sparkling water in their daily lives because it is nutritious and available in various tastes.
Aura Bora sparkling waters are highly sought-after in the American sparkling water market.
Facts about Aura Bora:
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Aura Bora’s Net worth:
Aura Bora’s Shark Tank net worth is projected to be $2.5 million as of 2022. The market value of Aura Bora is very high. In the American market for sparkling waters, there is a huge demand for Aura Bora’s product since consumers like it.
This item is offered in quantity on the internet; one case costs $30 and comprises 12 cans of Sparkling Water.
A CrunchBase report indicates that Sparkling Waters Company has raised $2 million in fundraising throughout one funding round.
This startup has received funding from SKU, Scott Eastwood, Marley D. Williams, Balanced Breakfast, and Leon Chen, the investors.
Aura Bora Journey
Everyone drinks soft drinks daily, whether it’s soda or sparkling water. The American company Aura Bora produces flavored sparkling drinks with a plant base.
Although there are numerous sparkling glasses of water on the market, Aura Bora’s products offer no calories, sugar, sodium, or artificial flavors.
The fruits and flavors used in Aura Bora’s goods are derived from plants, and the company presently produces a range of miscellaneous items.
There are currently many flavors of “Aura Bora” available on the market, including Lavender Cucumber, Lemongrass Coconut, Cactus Rose, and Peppermint Watermelon.
The couple is one of Aura Bora’s co-founders. Paul Voge is the husband’s name, while Madeleine Voge is the wife’s name. They together founded this business.
Paul completed his undergraduate studies in political science at the University of California, Los Angeles.
After graduating, Paul founded Aura Bora Startup in 2019 and became its co-founder and CEO.
The market for sparkling water was examined by founders Paul & Madeleine before beginning this business, and a gap was identified.
The creator tasted a variety of sparkling waters and discovered that most contained artificial tastes.
Following market research, the entrepreneur began experimenting with natural sparkling water.
People today are highly fond of the flavor of Aura Bora, which has given rise to several Aura Bora flowers.
Shark Tank Season 12 Episode 11 featured Maddie Voge and Paul Voge as the founders of Aura Bora. He had requested a $150,000 offer for a 5% stake in Sparkling Herbal Waters in Shark Tank. Shark In this Aura Bora company, Robert Herjavec has invested $200,000 in 15% shares.
When Kevin, Mark, and Robert tested this beverage, they liked all of the flavors. The packing had made the sharks very happy.
According to Kevin, Paul has reportedly signed numerous beer contracts in Shark Tank, but he will invest in this company if he sees any potential.
Paul claimed that he is already collaborating with the two biggest natural foods distributors in the United States. It has 488 different stores where it sells its goods.
Paul claims that between January and January 22, 2021, he sold $200,000 in several stores. He used telemarketing to market his product, and many individuals received free trials. They gave positive reviews.
In January 2021, the creator will own 74% off Aura Bora’s company after raising a $700,000 fund for the venture.
This drink’s production costs are 57 cents, and the company makes a 50% profit by selling it to the distributor for $1.15.
FY21 He established a goal of selling between $500,000 and $600,000. Paul claims that he will earn between $2.5M and $3.5M by 2022 and has already spoken with many big-box stores.
Lori Greiner commented on Aura Bora by saying she likes the brand and the packaging is excellent, but that before making any investments, they must be passionate about them. She, therefore, lacks enthusiasm for its flavor. Although sparkling waters is a great brand, Daniel Lubetzky claimed it is challenging to succeed there. As a result, he is no longer involved.
Even today, according to Mark Cuban, it is profitable, but when he scales it nationwide, the profit margin will also drop. This is not recommended because it will be very difficult and present many obstacles.
Kevin O’Leary’s offer is $150K for 5 cents a can until $300K is recovered, plus 5% ownership because he loves the beverage sector and wants to invest in Aura Bora.
Kevin’s offer prompted Robert Herjavec to comment that it was the worst offer he had ever received in his 12-year career.
According to Robert, this product is ready for a nationwide launch and could cause a crash if it takes off quickly. He feels that moving slowly is appropriate. He offered $150k in exchange for 12% equity.
Kevin offered Paul a royalty arrangement, but Paul could not accept it now.
Paul, the founder, then counter-offered Robert $200k for 12% of the equity. However, Paul’s move backfired since Robert then counter-offered $200k for 15% of the share.
Finally, Paul singled out Robert’s $200k for a 15% stock offer. At Shark Tank, this deal ended up being fantastic and entertaining.
Aura Bora’s net worth is?
It has a value of $2.5 million.
What Shark purchased Aura Bora?
Aura Bora Receives $200,000 From Robert Herjavec in the Shark Tank – Business 2 Community.
Aura Bora appeared on Shark Tank.
The sparkling water business Aura Bora was founded by Maddie Voge, 27, and her spouse. They received $2 million in seed money last year and made an appearance on “Shark Tank.”
Are Aura Bora beverages wholesome?
It is light, hydrating, and refreshing. Ideal as a drink mixer or for daytime consumption. However, not all carbonated beverages are made equally. Despite being a better choice for your health than soda, some sparkling waters include sugar and artificial sweeteners.