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Taltis Foods productDeal made in the Den

Dragons' Den Canada Season 17 · Episode 4

Taltis Foods

a line of West African jollof cooking sauces

Still sellingFood and Drink

Gilles Tchianga pitched jollof cooking sauces in season 17 and a Dragon supersized the deal tenfold. Here is how it broke down.

The ask$60,000for 33% of the business
Implied valuation$182Kask / equity
On-air resultDeal agreed
Still sellingFounder: Gilles Tchianga

The pitch

What walked into the Den

Gilles Tchianga founded Taltis Foods to bottle West African jollof sauces, and he brought the brand to season 17, episode 4.

His request was a modest $60,000 for a stake in the business, the kind of early-stage figure the Den sees often.

After the show

What happened next

The Dragon rewrote the size of the deal. Wes Hall assembled a $600,000 package for Taltis Foods, splitting it into $100,000 for 33 percent of the company and a separate $500,000 loan to fund production, roughly ten times the founder's opening number.

The sauces are still on sale. The jollof line sells direct from the company's own online store, priced in both Canadian and US dollars.

Our read

The Hub verdict

This is the most dramatic gap between ask and deal in the batch. Gilles Tchianga walked in wanting sixty thousand dollars and Wes Hall built a $600,000 package around him, a $100,000 equity cheque for a third of the company bundled with a separate half-million-dollar production loan, roughly ten times the opening figure. When a Dragon supersizes an ask like that, it usually means he saw a supply problem worth funding rather than just an equity stake worth taking.

The loan is the part worth studying. West African jollof sauce is a manufacturing problem before it is a brand problem, and splitting the money into a small stake plus a large facility loan says the bottleneck was capacity, not marketing. The sauces sell direct from the company's own store, priced in both Canadian and US dollars.

A tiny ask that a Dragon turned into a package many times its size, loan and all.