Kaf.Tanned
DealA line of kaftans to be worn after a spray tan
Pitched by Jade Castle
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From the show
The Shark Tank Australia pitch
- A$150K
- Asked for
- 10%
- Offered equity
- A$1.5M
- Sought valuation
- A$50K
- Deal amount
- 25%
- Deal equity
- A$200K
- Deal valuation
Jade Castle brought Kaf.Tanned into the Shark Tank Australia in season 3, episode 5, pitching a line of kaftans to be worn after a spray tan.
They asked the sharks for A$150K for 10% of the company. That valued the business at A$1.5M.
Kaf.Tanned reached a recorded on-air agreement with Steve Baxter at A$50K for 25%. This records the accepted terms, not confirmation that funding was completed.
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