Cap Hat
DealA detachable cover for a cap or hat that provides full sun protection
Pitched by Bernie Sharrad
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The Shark Tank Australia pitch
- A$120K
- Asked for
- 25%
- Offered equity
- A$480K
- Sought valuation
- Not recorded
- Deal amount
- Not recorded
- Deal equity
- —
- Deal valuation
Bernie Sharrad brought Cap Hat into the Shark Tank Australia in season 2, episode 6, pitching a detachable cover for a cap or hat that provides full sun protection.
They asked the sharks for A$120K for 25% of the company. That valued the business at A$480K.
Cap Hat reached a recorded on-air agreement with Steve Baxter, Andrew Banks and Naomi Simson; the deal amount is not recorded; the equity stake is not recorded. This records the accepted terms, not confirmation that funding was completed.
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