Sip Herbals Net Worth Shark Tank Update

For many people, a cup of coffee is an essential part of their morning routine, offering a quick boost of energy and a sense of comfort to start the day. However, while coffee has its perks, it also has some potential health drawbacks. Additionally, something surprising about vanilla-flavored coffee is that the flavoring often comes from an ingredient derived from beavers. This fact might sound unappealing to some coffee lovers, so it’s worth being mindful of what is in that morning cup.

Orleatha Smith, the owner of Sip Herbals, has introduced a healthy way of enjoying coffee. Her tea mix is caffeine-free and herb-based. The product is prebiotic and is made with whole-food ingredients including chicory root, dandelion root, and roasted carob.

The owner came on Shark Tank to request $100K in exchange for 10% of her company. She also presented the sharks with her coffee flavors including Signature Roast, Salted Maple Blondie, and Dirty Chai to impress them through their guts. Let’s see if she got the deal or not.

Sip Herbals Net Worth Shark Tank Update

Orleatha was looking for an investment of $100K in exchange for 10% equity in the company. At the time of the episode, she valued her company at $1 million. Orleatha did not secure a deal with any of the sharks. After the show was aired, the company experienced a good boost in exposure. As per my rough estimate, the current net worth of Sip Herbals in 2024 is around $2 million.

Shark(s) name	Offer & Demand	Counteroffer	Accepted?
Kevin O’Leary	Out	N\A	N\A
Mark Cuban	Out	N\A	N\A
Lori Greiner	Out	N\A	N\A
John Daymond	Out	N\A	N\A
Candace Nelson	Out	N\A	N\A

The Owner’s Backstory

Orleatha explained that she grew up in Louisiana, where chicory coffee is very popular and widely enjoyed. With her background as a biology teacher, she was able to explore and identify specific herbs that could mimic the rich flavor of coffee without using caffeine. This was especially important for people like her, who experience issues like acid reflux that can be triggered by regular coffee.

Additionally, Orleatha noted that coffee can sometimes worsen conditions such as anxiety and autoimmune diseases, making a caffeine-free option appealing to those affected. Her own experiences with eczema as a child also motivated her to create a natural, herb-based product that allows people to enjoy a coffee-like experience without the potential downsides of caffeine.

Initial Pitch

The owner came on the show to seek $100K for a 10% equity stake. Her product is basically an herbal tea that gives the flavors of coffee. The product is also free from caffeine and is made out of whole-food ingredients.

Queries about the Product

Candace, the guest shark, asked the first question about her special recipe for making the product taste like coffee without caffeine. Orleatha highlighted that ingredients like chicory root, dandelion root, and roasted carob are the ingredients that give the taste of coffee without the need for caffeine.

Kevin was curious to know the scope of the product. The owner mentioned that 20% of US citizens can’t avoid drinking coffee on a daily basis.

The shark also inquired about her sales for the current year. It will be about $250K for this year.

Mr. Wonderful also wanted to know if she would get any profit from the $250K. Orleatha replied in the affirmative and mentioned that it costs her $3.44 to make a bag of the Sip Herbal and she sells it for $19 to $24. Every pack can make almost 30 cups of coffee.

Candace inquired about her vision regarding the brand. She highlighted that her mission is to give people back their morning rituals and give them the feeling of being normal on their sick days.

She also added that she is getting into Lazy Acres Market and New Leaf Market anytime soon.

Lori was curious to know the reason behind the name of the brand and their packaging. Orleatha pointed out that they just rebranded because their previous package was confusing for customers.

Shark’s Response and Final Decision

Lori was the first shark to step away from the deal, explaining that she doesn’t believe the business is at a stage where it’s ready for investment.

Following Lori, Daymond also chose to pass on the opportunity, expressing his view that the entrepreneur doesn’t actually require an investor at this time to achieve her goals.

Shortly after, both Candace and Cuban decided to opt out as well, citing similar reasons.

Kevin believes that the expected timeline for achieving a return on investment in the business doesn’t sufficiently support the level of equity she’s requesting. Due to this concern, he has decided to step away from the opportunity and will not be moving forward.

Thus, the owner left the tank without any deal from the sharks.

Product’s Availability

Following its appearance on Shark Tank, Sip Herbals experienced a notable increase in sales, benefiting from the show’s popularity. Additionally, research shows that the company was awarded a Comcast Rise Grant, a program that has provided over $100 million in support to Sip Herbals and more than 13,000 other businesses.

Sip Herbals products can be purchased on their official website, through select retail partners, and on Amazon. The brand offers a variety of flavors, including peppermint mocha, cinnamon roll, salted maple blonde signature roast, royal mocha, French vanilla, and dirty chai.

Conclusion

Despite leaving Shark Tank without getting a deal, Sip Herbals has continued to grow, gaining popularity and increasing sales. Founder Orleatha’s unique, caffeine-free, herb-based coffee alternative has gained attention for offering a healthier morning ritual, especially for those avoiding caffeine. With flavors like peppermint mocha and salted maple blonde, Sip Herbals is now available through multiple channels, including its official website, select retailers, and Amazon, while also receiving further support through the Comcast Rise Grant.