Olipop’s annual sales surpassed $400 million in 2024, as competition heats up with rivals like Poppi.
Olipop raised $50 million in a Series C funding round that valued the prebiotic soda brand at $1.85 billion as it competes with rivals like Poppi.
Olipop is the top non-alcoholic brand in the U.S., both by dollar sales and unit growth, the company said, citing data from Circana/SPINS.Prebiotic soda brand Olipop said Wednesday that it was valued at $1.85 billion in its latest funding round, which raised $50 million for the company.Founded in 2018, Olipop has helped fuel the growth of the prebiotic soda category, along with rival Poppi, which highlighted its drinks with aOlipop's Series C funding round was led by J.P.
In early 2024, Olipop reached profitability, the company said. Its annual sales surpassed $400 million last year, doubling the year prior. In 2023, Olipop founder and CEO Ben GoodwinFor its part, rival Poppi, which was founded 10 years ago, has raised $39.3 million as of 2023 at an undisclosed valuation, according to Pitchbook data. Poppi's annual sales reportedly crossed $100 million in 2023.
Are you a ‘competitor' or a ‘collaborator'?: The 5 ‘conflict personality' types—and how to get along with them Poppi has also faced some backlash for its health claims. The company is currently in talks to settle a lawsuit that argued that Poppi's drinks aren't as healthy as the company claims, according to court filings.Oceanside
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bill Gates' $400 Billion Android Regret Fuels Android EnthusiasmThe article discusses Bill Gates' admission that allowing Google to develop Android was his biggest mistake, potentially costing Microsoft $400 billion. It highlights the dominance of Android in the mobile market and contrasts it with Microsoft's missed opportunity with Windows Mobile. The author expresses personal satisfaction with Android's success, considering it a significant improvement over what non-Apple phones could have been under Bill Gates' Windows Mobile. The article also includes a brief introduction to Sebastian, an experienced tech writer known for his insights and engaging style.
Read more »
Justin Baldoni's Studio Sues Blake Lively, Reynolds, Rep for $400 MillionJustin Baldoni's studio sued his ‘It Ends With Us’ costar Blake Lively after denying the allegations in her lawsuit
Read more »
Justin Baldoni Sues Blake Lively and Ryan Reynolds for $400 MillionActor Justin Baldoni filed a lawsuit against Blake Lively and Ryan Reynolds, alleging civil extortion, defamation, and other actions. Baldoni counters Lively's sexual harassment lawsuit stemming from their collaboration on the film 'It Ends With Us.' Baldoni's lawsuit claims Lively orchestrated a smear campaign and lacks evidence to support her allegations.
Read more »
Baldoni Sues Lively and Reynolds for $400 Million in DefamationActor and director Justin Baldoni has filed a $400 million defamation lawsuit against his 'It Ends With Us' co-star Blake Lively and her husband, Ryan Reynolds, amidst a bitter legal battle stemming from the film's production. Baldoni alleges that Lively and Reynolds, along with publicist Leslie Sloane, have orchestrated a smear campaign to damage his reputation.
Read more »
Justin Baldoni Sues Blake Lively and Ryan Reynolds for $400 MillionActor Justin Baldoni has filed a $400 million lawsuit against Blake Lively and Ryan Reynolds, alleging civil extortion, defamation, and invasion of privacy. This follows Lively's own lawsuit against Baldoni and others regarding alleged sexual harassment on the set of their film, It Ends With Us.
Read more »
Justin Baldoni Says Blake Lively Tried to ‘Destroy’ Him With False Allegations in $400 Million LawsuitJustin Baldoni has accused Blake Lively and Ryan Reynolds of trying to 'destroy' him with false allegations in a new $400 million lawsuit.
Read more »