It’s episode two of Shark Tank Australia 2023 and tonight the youngest-ever entrepreneur faces the Sharks.
Pitch #1 – Glossy Boys (Lucas Lane, 13 and mum Brianna)
The Product
Glossy Boys is a 3-in-1 gel nail polish pen. While regular nail polish will air dry, it often needs a base coat and a top coat and will chip and peel quicker than the brand. Regular nail polish, for an active person, will last 1-2 days without being wrecked; however, Glossy Boys will last up to two weeks.
The “Everything Kit” retails at $49.95.
The Investment Wish
Lucas was seeking $25,000 for 5% equity.
The Shark’s Offer
- Sabri: Out
- Davie: $50,000 for 20% equity
- Jane: $25,000 for 10% equity
- Robert: Out
- Dr Catriona: $25,000 for 5% equity
Counter Offer: Davie and Jane combined $50,000 for 15% and Dr Catriona $25,000 for 5%.
Offer Accepted
Davie and Jane combined $50,000 for 15% and Dr Catriona $25,000 for 5%.
Pitch #2 – Fydoo (Sebastien)
The Product
Fydoo is a self-cleaning Dog Toilet that connects to a waste drain and to a water source. With the use of a sanitising tablet, the grass rotates with the waste into the cleaning chamber.
The Investment Wish
Sebastien was seeking $250,000 for 25% equity.
The Shark’s Offer
- Sabri: Out
- Davie: $250,000 for 45% equity or $500,00 for the entire business
- Jane: Out
- Robert: Out
- Dr Catriona: Out
Counter: $250,000 for 30% equity
Davie’s third offer: $250,000 for 40% equity
Offer Accepted
$250,000 for 40% equity
Pitch #3 – Yaala Sparkling (Tara and Mel)
The Product
Yaala Sparkling is an indigenous-owned business that creates premium and healthy drinks, sourced from indigenous wild harvesters and local farmers. They are sugar-free and completely natural.
The Investment Wish
Tara and Mel were seeking $125,000 for 10% equity.
The Shark’s Offer
- Sabri: Out
- Davie: Out
- Jane and Dr Catriona: $125,000 with 30% equity, between Jane and Dr Catriona. Once they make their investment back, they will come down to 15%
- Robert: Out
Counter: $125,000 with 20% equity, between Jane and Dr Catriona. Once they make their investment back, they will come down to 15%
Offer Accepted
$125,000 with 20% equity, between Jane and Dr Catriona.
Pitches without offers
- The Nostalgia Box failed to win any offers
- Rove is the world’s first 3D-printed titanium wheelchair and is used by Dylan Alcott, also failed to get any offers
Shark Tank continues on Tuesdays at 7.30 pm on 10 and 10Play.
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