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TORQUESAFE
DealA business that manufactures and sells safety switches for dangerous hydraulic torque tools
Season 2, Episode 137-Jul-16Mount Gambier, SABusiness Services
Entrepreneur Details
Entrepreneurs
Luke & Vanessa Gosden
Gender
Couple
Average Age
Middle
Viewers
580000M viewers
Website
www.torquesafe.com.auThe Ask
A$300,000
for 15% equity
Implied valuation: A$2,000,000
The Deal
A$500,000
for 50% equity
Deal valuation: A$1,000,000
+66.7% vs ask amount
Equity changed by +35.0%
Shark Investments (3 sharks)
Investment
A$166,666.667
Equity
16.66666667%
Investment
A$166,666.667
Equity
16.66666667%
Investment
A$166,666.667
Equity
16.66666667%
Additional Details
Pitch #
113
Season
8-May-16 – 7-Jul-16
Sharks in Deal
3
Royalty Deal
No
Deal Conditions
No
Mentorship
No
Multiple Entrepreneurs
Yes
