On-demand alcohol delivery app receives R500k investment
On-demand alcohol delivery app Bottles has successfully navigated the stringent demands of popular reality series Shark Tank SA and emerged with investment of R500 000, after The Creative Council co-CEO Gil Oved bought a 10% stake in the business.
The app, which allows users to choose from their favourite beers, spirits and wines to be delivered to their door within an hour and aims to keep inebriated partygoers from getting behind the wheel, is experiencing growth of 50% to 100% month on month.
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"Attending Shark Tank SA has been an incredible experience for us, we prepared for days on end, watching every past episode of the show available online to make sure we were ready for the questions that we were going to be asked," said co-founder of Bottles Vincent Viviers.
"This was the opportunity of a lifetime for us. We were nervously excited, and we couldn't contain our joy when we received offers from three Sharks in the Tank - Gil Oved, Marnus Broodryk and Vinny Lingham," continued Viviers.
Oved commented on Bottles successful pitching performance: "The guys entered into the Tank with the right attitude, passion and, more importantly, showing that they knew their numbers and their business inside-out. Investing in them was an easy decision."
Oved is set to leverage his networks in the alcohol industry and provide hands-on mentoring to the Bottles management.