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ScrubbaWashBag
Deal
A portable washing machine for travel, camping and sportswear
Season 1, Episode 6
15-Mar-15
Melbourne, VIC
Electronics
Entrepreneur Details
Entrepreneur
Ash Newland
Gender
Male
Average Age
Middle
Viewers
973000M viewers
Website
thescrubba.com
The Ask
A$178,000
for 8% equity
Implied valuation:
A$2,225,000
The Deal
A$360,000
for 30% equity
Deal valuation:
A$1,200,000
+102.2% vs ask amount
Equity changed by
+22.0%
Shark Investments (2 sharks)
Steve Baxter
Investment
A$180,000
Equity
15%
Janine Allis
Investment
A$180,000
Equity
15%
Additional Details
Pitch #
25
Season
8-Feb-15 – 7-Jun-15
Sharks in Deal
2
Royalty Deal
No
Deal Conditions
No
Mentorship
No
Multiple Entrepreneurs
No
Panel Composition
Steve
Janine
Andrew
Naomi
Glen