Shark Tank SA: Two entrepreneurs strike it lucky
Two deals to the value of R1 million were struck in the Shark Tank on Sunday evening with the Sharks even negotiating with each other to get the most out of one entrepreneur's very salable business.
Up until the start of the episode, only tech tycoon Vinny Lingham and marketing guru Gil Oved had made investment deals in the series, but tonight female Shark Dawn Nathan-Jones and Romeo Kumalo joined them.
Dawn delved deep into her pockets to support another up-and-coming female entrepreneur in her candle making business.
Romeo cleverly partnered with Vinny to invest in an online mathematics numeracy programme.
35-year-old Tanya Byrne from Johannesburg has been making birthday party candles out of her small factory for a few years, and is one of the only local producers of number candles in South Africa.
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The second entrepreneur to walk away with the Sharks' money tonight was Gavin Horn from Hillcrest, whose online mathematics literacy programme, "Numberwise", piqued the Sharks' interest.
Gavin needed capital to turn his online maths programme into a mobile app that can be used by schools and private clients across the country and beyond on an international level.
Then there were two slightly unluckier entrepreneurs in the tank tonight whose ideas just didn't have the legs worthy of investments.
Vivian Perry's "Moo-Licious" mobile biltong carts did not fare well after it was revealed that three of the five Sharks did not eat beef! Despite that, once they listened to her business pitch, they unanimously decided that the numbers were simply not appealing enough, and she left empty-handed.
- Press Release