Sip Herbals Net Worth Shark Tank Update

Orleatha Smith faced a major challenge regarding her autoimmune system. Owing to this, she struggled with anxiety, chills, and stomach problems. Her health condition was exacerbated by her daily morning coffee pattern. Despite her love for coffee, she thought to make a subaltern product for the people who can’t take tea.

Although she strived a lot to find a substitute for coffee that would mitigate the stomach problems. So, she came forward and shared her idea of “tea like coffee, but without caffeine’’; a substitute for coffee.

She came to the Shark Tank in episode 22 to present her “SIP Herbals” product, a tea-like coffee but without caffeine. Smith inaugurated three various flavors of  SIP in front of Sharks, and curiosity arose. Will the Shark’s panel give attention to the taste? Will they make a deal with Orleatha Smith? Let’s check what is coming next.

Sip Herbal Net Worth 2024 Shark Tank Update

Orleatha Smith was looking for an investment of $100k in exchange for 10% equity in SIP Herbals. 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, SIP Herbals faced challenges but continued to promote itself as a coffee alternative and expanded its product line. As per my rough estimate, the current net worth of SIP Herbals is around $500k.

What Happened To Sip Herbal After The Shark Tank

After the launching of SIP Herbal’s emergence on Shark Tank, the trading escalated. However, the company dealt with numerous challenges, and it failed to fulfill the expectations of people. On the other hand, the company attempts to enlarge its business. It provokes awareness among people in replacement of coffee.

Did Sip Herbal Get Any Deal From Shark Tank?

Regrettably, SIP Herbal did not make any business deal with the Sharks. Let’s learn from the common blunders.

Shark Name	Offer	Counter Offer	Accepted?
Candace Nelson	Out	N/A	No
Lori Greiner	Out	N/A	No
Kevin O’leary	Out	N/A	No
Daymond John	Out	N/A	No
Mark Cuban	Out	N/A	No

Founder And Their Backstory

Orleatha Smith belongs to California. She agonized with chills, anxiety, and immune system issues in her daily routine life. One of the possible causes is that she has autoimmune problems; that’s why she makes a habit of reading every single ingredient to find a solution to the problem and a substitute for coffee. 

Accordingly, in her childhood, she was diagnosed with Ezcema and hospitalized for about three months. At the same time, her mother committed to curbing her diet and scouring the skin problem without using steroids. Following the acquaintance, Smith decided to make a SIP Herbal product. The motto behind the product was “Morning Pick Me Up, not coffee,” which fostered her fondness for tea.

Similarly, she also made a substitute product with the ingredients that people nullify but tea comprised of roosted and aroma flavour without caffeine.

Initial Pitch

Orleatha Smith started the pitch with a brief introduction. She asks for $100k for a 10 percent equity. She immediately endowed the SIP Herbal product as a replacement for coffee. Smith elucidated the features of her product with the ingredients. Furthermore, she also explains that the morning routine of people is incomplete without a sip of coffee. Many of them do not take tea due to immense health problems.

Following the SIP Herbal product; the ingredients are competent for liver and gestor pillars. It has a good flavor with multiple tastes that most people love. Hence, Smith ended her pitch by inquiring about Shark’s panelists to retrieve their daily life customs with SIP Herbal. Moreover, she articulated the three flavors ahead of Sharks and demanded they try them. 

Queries About The Pitch

Candace interrogated how SIP Herbal gives the taste of coffee without having caffeine in it. Smith answered that chicory dandelion fits well. Earlier, when Smith’s family was from Louisiana, she came across an herb known as chicory coffee. She also remained a biology teacher and replied that herb gives a taste similar to coffee in the absence of acid and caffeine. 

Then Kevin questioned how big is the market. Smith responded that 20 percent of Americans do not have coffee. Following her answer, Kevin put another question that if she contemplates a 20 percent charge of the coffee market, then Smith answered that she would not look at the 20 percent of the coffee market. Surprisingly, Candace said, “I am one of them.”

Candace noticed that she loves coffee and can’t live without it. However, her curious nature made her think about how SIP Herbal works and gives a taste of coffee without caffeine. Smith claimed that chicory dandies give a jolly feel of coffee. Thus, Kevin asked if she had earned the product. Smith shows the excitement that the cost of an SIP Herbal is about $3, but they trade it for $19 to $24.

Notably, Candace questioned about the purpose of her brand. Smith said that the goal of the SIP Herbal is to help people reclaim a good and enjoyable diet and morning ritual. She wants people to start a day with a fine sip of coffee.

Shark’s Responses And Final Deal

Lori’s concern about the taste of coffee makes Smith enhance the packing. She guides Smith to remove the line “it is a tea-coffee” on the cover because it does not attract customers to buy the product. Lori claimed that although she has a fondness toward coffee she will not invest in the product. 

Daymond reinforces Smith’s idea but shows disapproval that it is not a subtle business. He will not invest in the business product. Following Lori and Daymond, Mark instigated that this type of business is not investable but she encourages Smith to flourish.

Candace said that she is a die-hard coffee person, and her day can’t start without coffee. So, she shows firm support for Smith’s idea. She stated that she would invest in the business and wished her a stroke of good luck.

Lastly, Kevin said that if I invest $100k on 10 percent or 20 percent equity, then I will earn money from it but it seems a prolonged project. So, he is out, and he will not invest in the product.

What Went Wrong With Sip Herbal At Shark Tank

Although SIP Herbal is a substitute for coffee and only 20 percent of Americans can’t bear coffee, Shark members don’t think that this business is investable.

Product Availability

SIP Herbal products are available on the official websites through retailing services. Moreover, it is also accessible on the Amazon site. The procurement of SIP Herbal products is available in seven flavors, including signature Roast, Cinnamon Roll, Dirty Chai, Royal Mocha, Peppermint Mocha, French Vanilla, and Salted Maple Blonde. It costs up to $24.99

Conclusion

Orleatha Smith showcased her product and elucidated every distinct feature in a comprehensible way. She assures the advantages of using SIP Herbal products for people who can’t bear coffee due to abrupt health problems. She trades each cover package up to $24 but unfortunately, none of the Sharks make a deal with her. Rather, they wish her good luck in her future endeavors.