Soda startup Olipop Inc. is set to hit about $500 million in sales this year, more than double the $200 million it generated in 2023, as its healthier take on sugary drinks wins over more customers. The company generated less than $1 million in revenue in 2019, according to co-founder David Lester. And now it’s also profitable, he said. That’s a rare feat among young food and beverage companies, no matter the popularity of the product.

Source: Daily Nation May 25, 2024 14:41 UTC