Shark Tank SA – Episode 8 Summary


"There were two young female entrepreneurs in the Shark Tank tonight who really impressed the Sharks but still had a way to go before their companies could be deemed worthy of investments. IT professional Thokozile Mangwiro came to the Sharks with her 100% home-grown and plant-based moisturising hair care range, “Nilotiqa Hair Care”. Thokozile was in search of capital in order for her to expand her marketing and distribution channels. Unfortunately, Thokozile has only been running her online shop for six months and her profits to date were simply not lucrative enough for the Sharks to invest at this early stage. She did, however, receive some valuable advice from marketing guru Gil Oved: “Go to the salons around South Africa – these type of outlets are low-hanging fruit for you. They’re not yet cluttered and have low margins – exactly what you need. Learn small, grow big and then please come back into the tank!”

 

Source: http://www.samdb.co.za/blogs/blog/2016/11/21/shark-tank-sa-episode-8-summary/

 

Watch Shark Tank SA Episode 8

0 comments

  • There are no comments yet. Be the first one to post a comment on this article!

Leave a comment

Please note, comments must be approved before they are published