Tommy Sugo
DealA spaghetti and espresso restaurant
Pitched by Joel Sneeuwjagt & Nathan Baws
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The Shark Tank Australia pitch
- A$350K
- Asked for
- 15%
- Offered equity
- A$2.3M
- Sought valuation
- A$150K
- Deal amount
- 51%
- Deal equity
- A$294K
- Deal valuation
Joel Sneeuwjagt & Nathan Baws brought Tommy Sugo into the Shark Tank Australia in season 1, episode 8, pitching a spaghetti and espresso restaurant.
They asked the sharks for A$350K for 15% of the company. That valued the business at A$2.3M.
Tommy Sugo reached a recorded on-air agreement with Janine Allis at A$150K for 51%. This records the accepted terms, not confirmation that funding was completed.
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