We’ve seen some epic pitches, the one that sticks in our mind the most is the final episode when young entrepreneur Emile wowed the Dragons with his eShip concept. He snared the Dragons with a total investment of R5 million, no small achievement for an 18 year-old!
Then there was Sebastian of Pure Mix ready mixed cocktails who accepted the Dragon’s proposal of R260 000 for 50% equity.
Or how about Johan who wooed R2 million for 40% of his Western Cape abattoir from Vusi?
Ekhaya.Co’s one-stop rental app was so innovative, it had three Dragon’s scrambling to invest. Justin was looking for R300 000 for a 5% equity stake in the business, but by the end of his pitch, he had a three Dragon total of R1.3 million for a 25% equity; R500 000 for 10% from Vinny, R300 000 for 5% from Lebo and R500 000 for 10% from Gil. After mulling things over for a bit, the Ekhaya CEO expressed how being over-capitalised so early, was not ideal for the Cape Town-based Silicon Valley start up and decided instead to accept Vinny’s R500 000 for 10% offer.
Then there was Ismael Hassen of Bitu Box who wanted R5 million for 30% of his Bitu Box business. Bitu Box is a heat regulated transport logistics solution for transported bitumen, a critical component of tar and as we all know, South Africa’s roads are always being repaired. Ismael was cool, calm and collected throughout his presentation, answering all of the Dragons’ questions articulately and with confidence. Lebo was most curious and felt an affinity towards Ismael as both men are from Port Elizabeth. After a thorough interrogation, Lebo made Ismael an offer of R5 million for 50% of Bitu Box. Ismael took a moment to phone his partner and confirm if he wanted to accept Lebo’s offer. And it was a go.
Here’s a recap of den successes for you!
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