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What Happened to Genius Juice after Shark Tank?

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Discover the difference of real coconut in your coconut water!

Genius Juice crafts their organic coconut smoothies using the entire fruit, from the refreshing water to the creamy meat and milk—no artificial chemicals, just pure goodness.

With a range of flavors to choose from, each smoothie boasts only 100 calories. Look out for the iconic coconut head logo and bottles on the shelves of your local grocery store, reminiscent of Albert Einstein’s genius. Experience the natural taste of coconut like never before!

Genius Juice at a Glance:-

IdeaWhole coconut smoothies
FoundersAlex Bayer
Asked For$250,000 for 7% equity
Accepted Deal$500,000 for 25% equity
SharksMark Cuban and Barbara Corcoran
Business statusIn Business
Episode No.Season 11
Buy on AmazonBuy Now!

Index:

Founder Story:

Founded by Alex Bayer after enjoying a friend’s coconut smoothie, Genius Juice specializes in authentic, mostly coconut-based smoothies. Proudly kosher, vegan, non-GMO, and certified organic, our products are a testament to purity and quality.

We never compromise on ingredients, excluding extra sugars, gums, flavors, sweeteners, or preservatives. Our smoothies are not just delicious; they’re also a satisfying meal replacement, thanks to the added shredded coconut that boosts fullness beyond typical coconut beverages.

Sustainability is at our core. We repurpose every part of the coconut, from its refreshing water to the leftover charcoal used in detoxifying treatments.

Since our debut in 2014, our journey has been remarkable. Our Kickstarter campaign raised over $15,000, and our appearance on “Shark Tank” showcased our original, turmeric, and coffee flavors to a wider audience.

Now, we’re at a pivotal moment. To continue our mission and growth, we need your support. Join us in fueling Genius Juice’s next chapter and enjoy the pure, natural taste of our coconut smoothies!

Did Genius Juice get a deal on Shark Tank?

The Genius Juice founder said on the “Shark Tank” episode that the smoothies use “everything but the shell” of coconuts, which are processed in less than five hours from tree to bottle.

Sharks were attracted to the idea because it was breaking new ground in the smoothie market and tasted fantastic for a low-calorie, clean-ingredient, zero-waste beverage.

The competitiveness of the beverage industry and the need for refrigeration throughout the manufacturing process, which would restrict the product’s scalability, worried the sharks the most.

However, the produce tasted so good that two sharks bit; Barbara Corcoran called it the best coconut she had ever had.

While Kevin O’Leary made the same offer for 7% ownership in the form of an interest-bearing loan, she offered $250,000 for 14% of the company.

Bayer responded with 11% of the stock, indicating that it was more interested in Corcoran’s bid. However, Mark Cuban moved quickly to become Corcoran’s partner, offering a $250,000 investment each in exchange for a 25% share.

See also  Numilk Shark Tank Update

Bayer took the offer at double the amount he had initially demanded.

What happened to Genius Juice after Shark Tank?

Since striking a deal with Mark and Barbara on Shark Tank, Genius Juice has experienced exponential growth, transforming from a promising startup into a thriving business.

Following the Shark Tank episode, Alex launched a Wefunder campaign with an ambitious goal of raising $2,523,305 by 2021. The response was overwhelming. In just one day after the episode aired, the company recorded $120,000 in sales. By August 2020, donations reached an impressive $1.1 million, signaling a significant turning point for the business.

In 2020, Genius Juice expanded its reach, securing placements in over 2,500 chain stores, including renowned retailers like Whole Foods, Walmart, Target, and Sprouts. The momentum continued into 2021, with the product available in more than 2,800 stores nationwide, including Costco. By 2022, the company celebrated reaching $16 million in lifetime sales.

In August 2023, Alex introduced the innovative Genius Boost product to the Los Angeles market, further diversifying the company’s offerings. With plans to expand nationwide, Genius Boost promises to be another game-changer for the brand. As of August 2023, Genius Juice’s yearly sales reached an impressive $3 million, reflecting the brand’s continued growth and success.

Genius Juice’s journey from a simple concept to a nationally recognized brand is a testament to its quality products, innovative approach, and the power of entrepreneurial spirit. With a strong foundation and exciting new products on the horizon, the future looks bright for Genius Juice.

What’s the net worth of Genius Juice?

Genius Juice was estimated to be worth $3.5 million when it debuted on Shark Tank, but Shark valued it at $2 million. This evaluation is predicated on the potential and market demand for their delicious juice.

Additionally, Genius Juice has consistently raised its annual earnings. The coconut smoothie, one of the company’s products, is improving, and Alex is steadily growing the company. With great effort, Alex is creating a new product.

Is Genius Juice still in business?

Indeed, Genius Juice is still in business.

The Genius Juice Company’s new product, Genius Boost, is expanding the category and is available in most cities in California.

In addition to a variety pack, Genius Juice comes in three flavors: mocha, vanilla cinnamon, and original coconut. On its website, it also offers a subscription service that lets customers get their smoothies delivered at a frequency of their choosing.

Several large supermarket stores, such as Whole Foods, Sprouts, Albertson’s, and Costco, carry it. Metta World Peace, a former NBA star, is one of the numerous brand ambassadors that Genius Juice has worked with.

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FAQs:

What is Genius Juice?

Genius Juice crafts their organic coconut smoothies using the entire fruit, from the refreshing water to the creamy meat and milk—no artificial chemicals, just pure goodness.

What's the net worth of Genius Juice?

Genius Juice was estimated to be worth $3.5 million when it debuted on Shark Tank, but Shark valued it at $2 million. This evaluation is predicated on the potential and market demand for their delicious juice.

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