Shark Tank SA: Comfy Mummy gets an investor
The Sharks turned soft and shed some tears in last night's episode of Shark Tank SA.
Even tough tech tycoon Vinny Lingham gutted three overly ambitious business plans before offering a deal to soft-spoken young mum Sarah Jeffreys from Kempton Park.
Vinny delved deep into his own pocket to invest in "Comfy Mummy Nursery Feeding Chairs", the furniture line that Sarah is currently manufacturing in her father-in-law's shop fitting factory.
The deal was sealed with plenty of tears after Vinny's fellow Sharks Gil Oved, Romeo Kumalo, Dawn Nathan-Jones and Marnus Broodryk complimented Sarah's passion, drive and superb presentation.
Four Sharks declined the proposal, prompting Sarah to give it one final go, explaining to Vinny in detail what her thought processes were and how willing she was to learn.
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While Sarah walked off with an investment of R400 000 in exchange for 30% equity in her business, seasoned business man Nelis Retief, rugby coach Reinhardt van Niekerk and 3D design team Fabian Arends and Carl Adams left the pressure-cooker Shark Tank empty handed.