Fiix

on-demand car maintenance booked through an app

The ask$100,000for 1% of the business

Implied valuation$10Mask / equity

On-air resultDeal agreed

Founders: Khallil Mangali, Arif Banji, Zain Manji, George Marji

On the record

The deal, on the record

Fiix asked for $100,000 in exchange for 1% of the business.

Season: 12, ep 5
On-air outcome: Struck a deal
Deal terms: $700,000 for 7% plus a top-line royalty ($400K from a third Dragon whose name is not spoken, $200K Joe Mimran, $100K Michele Romanow); the entrepreneurs proposed 2% of top line and countered themselves at 1%
Investing Dragons: Michele Romanow, Joe Mimran
Category: Automotive

Tracked by Dragons Den Hub. Deal terms come from the aired episode; availability reflects our latest check only.