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PepsiCo Acquires poppi for $1.9 Billion After 'Shark Tank' Appearance
Mar 18, 2025•over 1 year ago
Contract Type
partnership
AustinOtherFood And BeverageHospitalityRetail
Description
PepsiCo has announced the acquisition of poppi for $1.9 billion, following the company's appearance on 'Shark Tank' in 2018 seeking investment. Despite Mark Cuban and Kevin O'Leary's initial rejection, poppi's success has led to this significant acquisition.
Company Information
Company
poppi
Location
4102 RIDGELEA DR.
Austin, Texas, United States
About
poppi is a fast-growing prebiotic soda brand aiming to modernize soda for the next generation. Founded by Stephen & Allison Ellsworth, it combines prebiotics, fruit juice, and apple cider vinegar for a refreshing low-calorie beverage. The brand focuses on a community-oriented approach and engages Gen Z and millennials effectively. poppi has cultivated a strong following through vibrant packaging and viral marketing campaigns.
AustinOtherFood And BeverageHospitalityRetail