Olipop

Olipop, Inc. is an American soft drink company.[1] It is sold in over 25,000 stores in the United States[2] and had a revenue of $100 million fo

Olipop, Inc.
Introduced2018
Websitedrinkolipop.com

Olipop, Inc. is an American soft drink company.[1] It is sold in over 25,000 stores in the United States[2] and had a revenue of $100 million for the first half of 2023. It was branded as a healthier alternative to regular soft drinks.[3]

History

Olipop was founded in 2018 by Ben Goodwin and David Lester.[1][4] The drink was first released in three flavours: ginger lemon, strawberry vanilla and cinnamon cola.[4] It sold in 40 grocery stores in its first year, in Northern California, and reached $852,000 in gross revenue. They later became on sale in Target and Walmart stores.[4] The company gathered $2.5 million in seed funding in 2019.[4]

A series B funding round in 2022 raised $39.7 million. Olipop reached $73.4 million in gross revenue in 2022,[4] $100 million in the first half of 2023.[4]

References

  1. ↑ 1.0 1.1 Chhabra, Esha. "Olipop Merges Profit and Purpose With $200 Million In Sales And A New B Corp Certification". Forbes. Retrieved 2023-11-24.
  2. ↑ Bova, Dan (2023-11-14). "How This College Dropout Co-Founded $200 Million OLIPOP". Entrepreneur. Retrieved 2023-11-24.
  3. ↑ Ludmir, Clara. "3 Lessons From The Co-Founder Of OLIPOP, America's Fastest-Growing Functional Beverage Brand". Forbes. Retrieved 2023-11-25.
  4. ↑ 4.0 4.1 4.2 4.3 4.4 4.5 "How Olipop's founders turned a $100,000 investment into a 'healthier' soda brand bringing in $20 million a month". CNBC. 2023-09-16. Retrieved 2023-11-24.

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