Mark Cuban, Kevin O'Leary Rejected Poppi On Shark Tank, Pepsi Just Paid $1.9 Billion To Acquire Company
"Shark Tank" is full of success stories and failures with investors like
A
"Shark Tank" Success Story: On Monday,
The company has grown over the years and grew increased national attention with Super Bowl commercials in both 2024 and 2025.
Monday's acquisition put a spotlight back on the company's 2018 appearance on "Shark Tank," when the company was then known as Mother Beverage.
Husband and wife co-founders
The duo may have scared away early interest having the sharks take shots of an undisclosed beverage, which turned out to be apple cider vinegar. The taste test was done to highlight how Allison had concocted beverages that included apple cider vinegar and tasted good.
While the sharks agreed that many of the samples tasted good, they quickly exited and left only one guest shark to make an offer.
Guest shark Bethenny Frankel said it was a disaster to manufacture the beverages themselves and couldn't believe they didn't have a partner.
"You're still in the kitchen," Frankel said before she said she was out on any deal.
O'Leary said every beverage company comes into "Shark Tank" and says the future is so bright that you have to wear shades.
"The valuation is insane," O'Leary said, announcing he was out on the deal.
Cuban told the couple his fear was they would have to raise a lot more money.
"As much as I would like to help a
Shark
The last remaining shark was guest shark
"Beverage is savage," Oza said.
The investor said the mathematics for a company that's done
"For
The other sharks encouraged the couple to take the deal.
"We'd love to do business with you,"
You may not be a billionaire like
Fast Growth:
The products were later bottled up and sold at local farmers' markets. At the market, a
While on "Shark Tank," the couple also said they had signed a national deal with Albertson's.
A "Shark Tank" update on the company revealed that since their episode aired, the team scrapped the idea of a bottling plant and went with co-packers, a strategy that would likely make Frankel proud. The company also launched cans alongside their bottles.
In 2000, the company was in over 2,000 stores including Walmart and
After appearing on "Shark Tank," the couple took part in a rebrand to poppi. The brand eventually landed more nationwide retail space and was able to partner with some top celebrity names such as Post
As of
Pepsi Acquisition: A tweet from
The appearance on "Shark Tank" gets credit in the deal announcement by Pepsi Monday saying the brand was "discovered" on the show by Oza and funded by
"poppi is a true testament to the American Dream! From the kitchen to Shark Tank to becoming an iconic brand, this couldn't have been done without the amazing founders
Oza said the
Read Next:
- Mark Cuban To Exit Shark Tank: Reflects On His Worst Deal And Surprise Success Shared With Benzinga
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