Umbrolly Vending Machine

Umbrolly pitched before the dragons on Series One, Episode One. The pitch was carried out by Charles Ejogo. He received investment from Peter Jones and Duncan Bannatyne.

Premise of The Company
A series of umbrella vending machines with LCD screens capable of displaying high quality advertising would be placed at various locations including 300 in the London underground for a minimum of 12 years. The umbrellas would be priced as convenience products undercutting local retailers, and forming a captive market.

Stats
Investment Requested: £150,000

Equity Offered: 20% Self-Valuation: £750,000

Deal
Peter Jones and Duncan Bannatyne invested £75,000 each, for 20% equity each.

Personnel

 * Charles Ejogo - Manager