Tonight on Shark Tank Australia, strong pitches had the Sharks in stitches, but as the Tank got festive, the Sharks got serious as our investors went in search of the next big deal.
First into the Tank was mum-of-two, Aami Mills from Canberra, with her baby-focussed brand. With four out of the five Sharks having children, Aami was hoping that the odds were on her side, when asking for $100,000 for a 10% stake in her eco-friendly cloth nappy business, Mimi & Co. With Robert, Catriona and Sabri out, it was down to Davie who teamed up with Jane to share a $100,000 investment for 30% equity. An investment win for Aami, and a win for the environment too!
Katie Rawall from New South Wales was looking for global festive domination with her business idea, Holiday Celebration Trees. Seeking $300,000 for 15% equity for her patented shelved Christmas trees, Robert, having a few festive companies under his belt, saw the potential of the displays in malls around the US, with Davie able to cater to the Australian market through his own company. They teamed up to spread the holiday cheer, investing $300,000 for 30% equity, plus $25 royalty until they’re able to recover 30% of the original investment.
Next to dive into the Tank was Amadou Doumbia, hoping marketing genius Sabri Suby would be the one to take his business to the next level. Wuli Grooming are gender-neutral, Australian-made vegan hair styling products designed for curly and wavy-haired folks first in mind. With four Sharks out, it was down to Sabri to invest the $150,000 Amadou was seeking for 15% equity. After a heated pitch in the Tank, king of grooming Amadou partnered up with his dream Shark who invested $150,000 for 40%, plus $2 royalty until the investment is paid back.
Unfortunately, missing out on an investment tonight was premium electric scooter business, Mearth Scooters.