Which Episode Number Was Sip Herbals on Shark Tank?
Which Episode Number Was Sip Herbals on Shark Tank? Sip Herbals, co-founded by Orleatha Smith and Kelly Raulerson, appeared on Shark Tank in Season 15, Episode 22, which aired on May 3, 2024. The company focuses on providing a sustainable coffee alternative that mimics the taste of coffee without the downsides of caffeine. This episode featured Orleatha Smith as she introduced her coffee alternative…
Which Episode Number Was Sip Herbals on Shark Tank?
Sip Herbals, co-founded by Orleatha Smith and Kelly Raulerson, appeared on Shark Tank in Season 15, Episode 22, which aired on May 3, 2024. The company focuses on providing a sustainable coffee alternative that mimics the taste of coffee without the downsides of caffeine.
This episode featured Orleatha Smith as she introduced her coffee alternative to the sharks, hoping to secure an investment to scale her business. Orleatha was unable to secure a deal with any of the sharks.
Sip Herbals Shark Tank Update Season 15, Episode 22
Sip Herbals made its mark on Shark Tank with a unique proposition—an all-natural coffee alternative designed for those who cannot tolerate traditional coffee due to health reasons.
Founder Orleatha Smith presented her brand, highlighting its potential to provide a comforting morning ritual without the negative effects of caffeine.
Although Orleatha left the tank without a deal, Sip Herbals has continued to grow. Since the episode aired, the company has seen a surge in sales and has introduced new flavors to its product lineup.
After their appearance on Shark Tank, Sip Herbals experienced a boost in visibility and sales. The company reported tracking towards $250,000 in sales for the year.
They received a Comcast Rise Grant, which has supported over 13,000 businesses with more than $100 million in funding. This grant has helped them navigate challenges and expand their market presence.
Sip Herbals Shark Tank Full Episode; What Happened at Shark Tank Pitch
In the Sip Herbals Shark Tank episode, Orleatha Smith sought $100,000 in exchange for 10% equity, valuing her company at $1 million. Orleatha’s pitch centered on the health benefits of her coffee alternative, which is made from natural ingredients like chicory and dandelion roots.
These ingredients are known for their coffee-like flavor but without the caffeine, making them ideal for those who need or prefer a caffeine-free option.
The sharks were curious about the market potential, and Orleatha explained that 20% of Americans cannot tolerate coffee. However, she also acknowledged that not all of these individuals would be willing to give up coffee completely, even if it negatively impacted their health.
While the sharks appreciated Orleatha’s passion and the concept behind Sip Herbals, they had concerns about the scalability of the business and the return on investment.
Kevin O’Leary questioned whether the company could capture a significant portion of the market, while Mark Cuban and Daymond John expressed doubts about the investability of the business. In the end, all of the sharks decided to pass on the opportunity, leaving Orleatha without a deal.
In their pitch, Orleatha and Kelly sought $100,000 for 10% equity, valuing the company at $1 million. They introduced their flagship product, Faux Joe, highlighting its health benefits and unique herbal ingredients like dandelion root, chicory root, and carob. Each bag of Faux Joe costs about $3.44 to produce and retails for $19 to $24.
Lori Greiner stated that the business was not currently investable, while Mark Cuban, Kevin O’Leary, Daymond John, and Candace Nelson also declined to make an offer, leading to Orleatha leaving the tank without a deal.
What Happened to Sip Herbals After Shark Tank?
Despite not securing a deal on Shark Tank, Sip Herbals has continued to thrive. The exposure from the show led to a significant boost in sales, with many viewers intrigued by the idea of a healthy coffee alternative. Orleatha has continued to expand her product offerings, introducing new flavors and enhancing the brand’s online presence.
In addition to the sales boost, Sip Herbals was awarded a Comcast Rise Grant, which has provided financial support to help the company grow. The grant is part of Comcast’s initiative to support small businesses, particularly those owned by women and minorities.
With this additional funding, Orleatha has been able to further develop her brand and reach a wider audience.
How Much Is Sip Herbals Worth?
As of 2024, Sip Herbals is estimated to be worth around $1.5 million. This valuation reflects the company’s steady growth in sales, expanded product line, and increased market presence following its appearance on Shark Tank. The boost in visibility from the show, coupled with the Comcast Rise Grant, has allowed Sip Herbals to continue building its brand and solidifying its place in the coffee alternative market.
Is Sip Herbals Still in Business?
Yes, Sip Herbals is still in business and continues to grow. The company offers a range of coffee alternatives that are available on its official website, through select retailers, and on Amazon.
As of now, Sip Herbals is still in business and continues to sell its products online and through select retailers, including Amazon. The estimated lifetime sales for the company are around $250,000. They offer a variety of flavors, including Cinnamon Roll, Royal Mocha, and Pumpkin Spice, catering to diverse customer preferences.
