Davie and Burleigh Wagon on Shark Tank

Shark Tank Australia 2023 Recap Episode 7: A’souped up & pimped out’ pitch piques interest

*Adds to shopping list*

It’s episode 7 of Shark Tank Australia 2023 and the Sharks were blown away by a pitch of a kid’s vehicle that also satisfies the parent’s needs. However, one pitch was fed to the Sharks but received no bites.

Here’s what happened during the episode.

Pitch #1 – 35MM CO

The Product

23-year-old Madi Stefanis pitched a nostalgic film camera called 35MM CO, aimed at late teens and 20-somethings in a variety of colours.

The Investment Wish

$300,000 for 10% equity.

Offer Accepted

Sharks Robert Herjavec and Jane Lu settled for a shared $300,000 for 17.5% equity.  

Pitch #2 – Nevabuds

The Product

Nevada Smith presented Nevabuds, earbuds with a magnetic clip that clips together, helping users to never lose them.

The Investment Wish

$28,000 for 40% equity.

Offer Accepted

 AI guru Catriona Wallace invested $28,000 for a 49% stake in the business.  

Pitch #3 – Burleigh Wagon

The Product Regan and Nathan pitched the most “souped up and pimped out” beach wagon called The Burleigh Wagon. It is a beach vehicle for days out with kids and includes an esky, surfboard rack and USB speaker.

The Investment Wish

$450,000 investment for 10% equity of the business

Offer Accepted

Davie Fogarty secured 25% equity for $450,000, plus a $10 royalty until the money is paid back.

Pitches without offers

Shark Tank airs on Tuesdays at 7.30 pm on 10 and 10Play.

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