What Happened To Ghia Drink After Shark Tank?

For pregnant women and individuals who want to cut back on their alcohol use, as well as for those who prefer to drink sober, Ghia produces an alcohol-free apéritif. The company obtains powerful plant extracts from all around the world to put into each bottle of alcohol-free Ghia apéritif. 

What Is Ghia Drink?

The company Ghia Drinks makes a variety of non-alcoholic aperitifs using fresh fruit, herbs, and spices. In 2018, its founders set out to fill an opening in the market for non-alcoholic beverages by creating drinks with the same level of complexity and depth as their alcoholic counterparts.

Pros

• Alcohol-free and gluten-free
• No sugar
• Includes cocktail book. 
• Sustainable packaging
• New Yorkers may get cocktails for $5.
• Delicious fruit and herb flavors
• Vegan
• Natural tastes
• No caffeine
• Gin mixer.

Cons

• Expensive
• No alcohol
• Refrigerated bottles last around 3 weeks.
• Some flavors are too strong.
• Some drinkers need a mixer.
• Bitter

Who Is The Founder Of Ghia Drink?

Melanie Masarin is the founder of the company. She also did this kind of marketing work for another company.

After completing her BA in Economics from Brown University, she worked as a Financial Analyst, Investment Banking at Goldman Sachs.

Now, she has worked for different companies, including American Eagle Outfitters, Dig Inn, and Glossier, throughout the course of many years.

Know About the Ghia Drink Shark Tank Update

Ghia is a business that makes non-alcoholic drinks. They were on Shark Tank season 14, episode 4. Ghia was started by Melanie Masarin. She has a background in business and economics.

During the pitch, Melanie asked for $250,000 in exchange for 5% of the business, which was worth $5 million. The sharks liked the product, but they refused to purchase it.

Ghia has added a cocktail, a non-alcoholic Spritz, and a hazelnut spread called Ghianduja to its product line since it was on Shark Tank. Sales and customer return rates have also gone up a lot for the company.

Since its start in June 2020, Ghia has grown to more than 350 stores and become a staple on bar carts in homes all over the country. The company made about $2.5 million in cash sales in the previous year, with most of those sales happening online.

Ghia’s Shark Tank participation gave the brand a “cult-like” following on social media. But Melanie turned down Kevin’s offer of $250,000 for 10% of the business.

A Ghia has expanded its non-alcoholic beverage range despite not getting a partnership on the program.

Ghia Drink Shark Tank Update

Company Name	Ghia Drink
Founder	Melanie Masarin
Founded	2019
Product	Non Alcoholic Drinks
Asked For	$250K for a 5% Equity
Final Deal	No Deals
Shark	No Sharks
Ghia Drink Shark Tank Episode	S14 E4
Air Date	Oct 14, 2022
Business Status	In Business
Headquarters	Los Angeles, California, US
Ghia Drink Net Worth	$12.5M Estimated
Ghia Drink Instagram	View Profile
GO TO AMAZON	View Product

Another Shark Tank Pitch:

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Ghia Drink on Shark Tank Pitch

Melanie Masarin pitched the non-alcoholic beverage startup Ghia on Shark Tank. She requested $250,000 for 5% equity at $5 million. Her $6.5 million raise at a $35 million value impressed the judges.

The sharks got very excited with the sales statistics, but the company lost roughly $1 million. Ghia was seeking $10 million from more investors.

Daymond John and Lori Greiner both withdrew without making an offer, feeling that the company was uninvestable.

Mark Cuban thought the company would require a lot of money to grow, but Robert Herjavec disagreed. Melanie requested $250,000 for 5% stock, which Robert offered.

Kevin O’Leary offered $250,000 for 10% equity. Robert felt impatient as Melanie negotiated with Kevin and left. Melanie refused Kevin’s offer since she didn’t want 10% equity.

Ghia Drink After Shark Tank

Melanie Masarin presented her alcohol-free beverage firm, GHIA, to the Sharks on Shark Tank in 2023. 

While the presentation was successful, and Robert did offer Melanie the contract she requested, she ultimately rejected his proposal.

Ghia’s founders now own 57% of the company after it raised $10 million by October 2022.

Melanie is still working on expanding Ghia with the aid of mentors and investors after the Sharks passed on a deal.

Ghia Drink Net Worth

The market size of alcohol-free beverages is estimated to be $800 billion, with a consistent annual growth rate. Projections suggest that this industry might potentially reach $1.6 trillion by the year 2025. 

Consequently, the level of competitiveness is seeing a significant rise. Currently, Ghia Drink Net Worth is $1.5 million.

Is Ghia Drink Still In Business?

Yes. As of March 2023, the company’s website is still live and bringing in over $5.1 million every year.

We don’t really know much about this company’s future right now, but we do know that Melanie will do everything she can to take her company to the next level and the next night.

Ghia Drink Competitors

• Aplos
• KIN EUPHORICS
• TOST
• CURIOUS ELIXIRS

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