The Swag
DealA fridge bag that holds moisture to prevent fruit and vegetables from going off
Pitched by Peita Pini
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The Shark Tank Australia pitch
- A$300K
- Asked for
- 10%
- Offered equity
- A$3M
- Sought valuation
- A$150K
- Deal amount
- 25%
- Deal equity
- A$600K
- Deal valuation
Peita Pini brought The Swag into the Shark Tank Australia in season 4, episode 9, pitching a fridge bag that holds moisture to prevent fruit and vegetables from going off.
They asked the sharks for A$300K for 10% of the company. That valued the business at A$3M.
The Swag reached a recorded on-air agreement with Glen Richards at A$150K for 25%. This records the accepted terms, not confirmation that funding was completed.
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