Conventional drinks contain high levels of caffeine and tonic constituents, resulting in negative outcomes. It gives rise to depression, anxiety, and weariness. Thus, the entrepreneur, Tania Patruno pitched the PRO-NRG Fitness Drink in season 4, episode 6 of Shark Tank. She was seeking $250k for 15% equity for her company.
PRO-NRG is a protein-based energy drink, launched to address the negative side effects of traditional drinks. It uses vitamin B12 to augment energy levels naturally. PRO-NRG is an effective and innovative approach established to compete with other drink brands, Will the entrepreneur become successful in making a deal with the sharks? Find out the recent update on the Shark Tank website.
PRO-NRG Net Worth 2024 Shark Tank Update
Tania Patruno was looking for an investment of $250k in exchange for 15% equity in the company. At the time of the episode, she valued her company at approximately $1.67 million. Tania successfully secured a deal with Daymond John for an investment of $250k for 30% equity in the company. The investment adjusted the company’s net worth to around $833k. After the show was aired, the company faced significant challenges, including legal issues and eventually went out of business. As per my rough estimate, the current net worth of PRO-NRG in 2024 is $0.
Shark(s)
Offer and Demand
Counteroffer
Accepted?
Daymond John
In
$250k for 30% equity
Yes
Barbara Corcoran
Out
N/A
No
Kevin O’Leary
Out
N/A
No
Robert Herjavec
Out
N/A
No
Mark Cuban
Out
N/A
No
Founders Backstory And Their Initial Pitch
Tania presented the PRO-NRG Fitness Drink on Shark Tank. The energy drink contains saturated protein, and flavored vitamin water and Tania named it “a steak in a bottle”. She came across dynamic services to persuade sharks to make a deal with her in business.
New York Giants (professional American football team) and Brandon Jacobs (Super Bowl champion) are Tania’s husband’s friends. He desired “IN” on PRO-NRG once he triggered it for himself. The entrepreneur wanted to make an energy drink for herself while working. For instance, she needs a drink but without caffeine and sugar. Traditional energy drinks contain excessive levels of sugar and caffeine that are harmful to health.
Tania to start marketing the energy drink for athletes and commoners without negative side effects. Once he made a product, she thought to present it in the shark tank. If she is fortunate, then the deal will come in her favor.
Queries, Shark’s Responses, And Final Deal
Tania appeared on Shark Tank with PRO-NRG Fitness Drink. She promoted her company that the drink comprised of protein-infused flavoured waters. Likewise, she brought 2x Super Bowl Champion and National Football League Running Back Brandon Jacobs to synthesize the product.
After the pitch, the sharks were interested in the numbers. Tania got the product into 3k stores in New York and initiated the brand 3 months ago. Meanwhile, Mark Cuban wanted to know about the retails. Tania stated that the drink was valued at $1.10 to make a $1.80 commercial and purchase at $3.99.
Hearing the figure, Kevin claimed that her wholesalers are making enough money than her in terms of product. Thus, he was out and did not show interest in the product.
Mark Cuban appreciated and clapped for Tania’s innovative product but he wasn’t engrossed in investing so, he was out.
Barbara Corcoran did not comprehend the product and was out while Robert Herjavec also stood on the same page and went out. Although, he applauded Tania’s product but was not fascinated by the product.
Lastly, Daymond John showed an interest in the product and decided to stay in. He offered $250k for a 30% stake. He uttered, that the deal could be fortuitous in some ways. Recently, Daymond teamed up with a protein and supplement company. So, he was interested in making a deal with Tania. Tania accepted his deal wholeheartedly and left the panel with hope.
What Happened With MuteMe Illuminated Button After Shark Tank
After the show broadcasted, PRO-NRG encountered multiple challenges and was retailed in Walgreens. Unluckily, the situation moved south for the company when a man termed Joshua Fenwick petitioned Tania’s husband. The man asserted; that Tania’s husband had been driven out of the company in July 2024.
In terms of the PRO-NRG update, the petition was disregarded but the company is no more in business. However, Tania is employed in New Jersey as a realtor.
Product Availability
The product; PRO-NRG Fitness Drink is out of the business. Daymond helps Tania work on some other national distribution shares.
Conclusion
Tania appeared on Shark Tank with the product PRO-NRG Fitness Drink. She asked for $250k in return for a 15% exchange. She explained her product in the best way possible. The fitness drink is free of caffeine and sugar and has no side effects. Following the product, Robert and Mark applauded her product while Daymond decided to make a fine deal with Tania. He offered her $250k for a 30% stake. Meanwhile, Tania said, a big yes and was successful in investment. But after the show aired, the company confronted some major challenges. Thus, the company was out of the business.
Hi! I’m Maleeha Alam, a content writer, English poet, and MPhil Linguistics Scholar. I love watching Shark Tank episodes because it helps me extract business-related ideas. The thrilling series of the Shark Tank fosters competent market analysis, presentation skills, and pitching.
