Mother Beverage / Poppi

Shark Tank appearance

Dated timeline

Legal and entity identity

Legal entities

VNGR Beverage, LLC

Aliases

Mother Beverage, Poppi, VNGR Beverage

Successor/acquirer

PepsiCo, Inc.

Notable findings and disputes

1. verified fact Mother Beverage rebranded as Poppi, and PepsiCo completed its acquisition of Poppi in May 2025 for $1.95 billion including anticipated tax benefits and a performance-based earn-out. [ B02-POPPI-AGREE, B02-POPPI-CLOSE, B02-POPPI-NOW ]
2. allegation The challenged gut-health marketing claims are litigation allegations. Settlement approval and dismissal are not a merits finding that every allegation is true. [ B02-POPPI-ADMIN, B02-POPPI-APPROVE ]
3. verified fact The gross $8.9 million settlement fund includes fees and administration; it is not all consumer refund cash. [ B02-POPPI-APPROVE ]
4. verified fact The acquisition announcement’s gross $1.95 billion and net $1.65 billion reflect anticipated tax benefits; neither should be converted into a guaranteed founder payout. [ B02-POPPI-AGREE ]

What we could not verify

• State file number, post-closing entity structure and exact Shark investment closing terms.
• Original Mother Beverage pitch/transcript and archived rebrand pages.
• Whether every announced settlement distribution has been completed.
• Imprecise timeline dates from the source bundle were not converted into exact dates.

Full research sources

1. B02-POPPI-AGREE — PepsiCo to acquire Poppi acquirer press release published 2025-03-17 accessed 2026-09-09

   Agreement: gross price $1.95 billion includes anticipated $300 million tax benefits; net $1.65 billion. content or indexed primary text retrieved historical snapshot not retrieved

2. B02-POPPI-CLOSE — PepsiCo completes Poppi acquisition acquirer press release published 2025-05-19 accessed 2026-09-09

   Acquisition completion. content or indexed primary text retrieved historical snapshot not retrieved

3. B02-POPPI-NOW — Poppi current catalog company storefront accessed 2026-09-09

   Current catalog and PepsiCo consumer contact. content or indexed primary text retrieved historical snapshot not retrieved

4. B02-POPPI-STORY — Poppi current origin story retrospective company narrative accessed 2026-09-09

   Mother Beverage, Rohan investment narrative and Poppi rebrand chronology; not archived contemporaneous proof. content or indexed primary text retrieved historical snapshot not retrieved

5. B02-POPPI-ADMIN — Poppi settlement administrator court-authorized settlement administrator accessed 2026-09-09

   Case number, defendant and linked court records. content or indexed primary text retrieved historical snapshot not retrieved

6. B02-POPPI-APPROVE — Order granting final approval signed court order published 2026-04-14 accessed 2026-09-09

   Docket document 80; settlement approval and $8.9 million gross fund. content or indexed primary text retrieved historical snapshot not retrieved

7. B02-POPPI-JUDGMENT — Poppi stipulated judgment signed court judgment published 2026-06-15 accessed 2026-09-09

   Docket document 88, judge-signed dismissal with prejudice and retained jurisdiction. content or indexed primary text retrieved PDF metadata says DRAFT; signed docket-stamped body controls. Body also contains VGNR transposition; caption identifies VNGR. historical snapshot not retrieved

8. B02-POPPI-OLDNOTICE — Poppi settlement dates and deadlines settlement administrator notice accessed 2026-09-09

   Older scheduled November 20, 2025 hearing language; later signed orders control actual disposition. content or indexed primary text retrieved historical snapshot not retrieved

9. B02-TX-REG — Texas franchise account status search state tax account portal accessed 2026-09-09

   Search portal retrieved after redirect; no entity result. Form retrieved; no completed submitted entity query historical snapshot not retrieved

10. B02-TX-API — Texas Comptroller public data API documentation state API documentation accessed 2026-09-09

    API requires x-api-key; no key supplied and no entity endpoint request made. content or indexed primary text retrieved historical snapshot not retrieved

11. B02-ABC-ALL — ABC Shark Tank all products and businesses index official broadcaster index accessed 2026-09-09

    Appearance-name index; entries are not a count of unique legal companies. content or indexed primary text retrieved historical snapshot not retrieved