The pitch
What walked into the Den
i Glove appeared on Dragons' Den in season 12, episode 8, which aired in 2015, pitched by Rajan Jerath.
In the pitch, i Glove asked the Dragons for £75,000 for 40% of the business, valuing the business at about £187,500.
After the show
What happened next
i Glove struck a deal in the Den.
Our read
The Hub verdict
Touchscreen-friendly gloves solve a small winter annoyance neatly, and Rajan Jerath pitched i Glove by offering 40 percent of the business for £75,000, which works out to a £187,500 valuation. That size of stake, two-fifths of the company, is where a founder starts offering a Dragon real influence rather than a passive holding. Duncan Bannatyne took him up on it. For a low-cost accessory that needs volume and shelf space to work, an investor with retail reach is the useful kind of partner to hand that much equity to.
Two-fifths of the company offered, and Bannatyne took it.
