Rosa Li appeared on
Shark Tank Wildwonder Update
- Entrepreneurs: Rosa Li
- Business: Probiotic sparkling beverage
- Ask: $500,000 for 5% equity
- Result: $500,000 for 6% equity + 3% advisory shares
- Sharks: Tony Xu
Wildwonder probiotic drinks are low in calories and provide customers with a healthy alternative to sugary sodas. All of the ingredients are clean and organic, according to Rosa, specifically targeting long-term health.
wildwonder is a delicious sparkling drink for better gut health. Our prebiotic + probiotic sparkling drinks are great for your gut and taste like a delicious tropical fruit soda.
Rosa told the sharks that her product is featured in hundreds of stores and has already generated $1.4 million for the current calendar year. Further, she is hopeful that the revenue projections could be exceeded in the future with additional launches into retail grocery chains.
Despite over a million in sales, Wildwonder isn’t profitable yet. A single can costs about $0.90 to make and the retail price is listed at $3.49. Rosa believes that she can lower the production cost to $0.70 within the next year to improve her profitability.
Kevin O’Leary liked the product but told Rosa that the equity was way too low and dropped out of the negotiations.
Lori Greiner and Mark Cuban felt that the investment was way too risky, so they dropped out as well.
Rosa was running out of options and Barbara Corcoran was not at all interested in making an investment in a beverage company, so her last option would be guest shark Tony Xu.
Thankfully Tony was interested, but he wanted 9% equity in exchange for $500,000. Rosa made a small adjustment to the deal, converting 3% of the equity into advisory shares. Tony was fine with that and he and Rosa shook hands on a deal.
After leaving the tank with a deal, let’s get a quick look at our Wildwonder update.
Since airing on
Further, after being featured on
When we get more news on a Wildwoner update we will be sure to let you know. In the meantime be sure to check out the official website.
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