Shark Tank Australia is finally back after a five-year hiatus, with new sharks circling some very impressive businesses.
In case you’re unfamiliar with the premise, the series brings together five business superstars who are ready to put their own cash on the line and turn the next big idea into a profitable venture.
To celebrate the new season, here’s a look at some of the most life-changing products from previous seasons.
Cancer Aid
Cancer Aid founders Dr Nikhil Pooviah, Dr Raghav Murali-Ganesh, and Dr Martin Seneviratne asked for a $500,000 investment in exchange for 10% equity, valuing the business at $5 million.
After negotiations, the founders received the requested investment from two Sharks, and today the company has grown in valuation to an estimated net worth of $20 million.
Cancer Aid is the number one cancer app in Australia, the USA, and the UK and aims at improving the overall care of cancer patients.
Throat Scope
Jennifer Holland presented her patented Throat Scope device, an illuminating LED-lit tongue depressor with a disposable blade, which can be used by medical professionals or parents to easily examine the mouth and throat.
Investor Steve Baxter injected $76,000 into the project in return for a 30% stake in the company and a 5% royalty till the money is paid back.
According to Holland’s official Holland Healthcare Inc website, the team raised $360,000 on a pre-sale valuation of $2 million and got the product to market.
Since then, they have sealed major deals with some of the largest healthcare, wholesale and pharmacy distributors in Australia, New Zealand, Europe and Canada.
Original Rescue Swag
In season one, Tracey Beikoff pitched the Original Rescue Swag, a comprehensive first aid kit that doubles as a sling, splint, compression device, and water carrier.
Now owned by the RFDS (Queensland Section), all profits from the product flow directly back to support the Flying Doctor.
The product has gone on to have an estimated net worth well in excess of $20 million.
Watch Shark Tank on 10 and 10Play.
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