Two schoolfriends who were warned that they would be ‘bankrupt by 30’ by their parents have secured a double investment on Dragons’ Den.
Andy Aitken and Josh Mihill took the Dragons on in tonight’s BBC episode as they asked for a £110,000 investment for 1% of their company, Honest Mobile.
Presenting to Deborah Meaden, Peter Jones, Touker Suleyman, Sara Davies and Steven Bartlett’, the duo pitched their business, which solves bad signal and expensive roaming.
Despite some initial hesitancy from Peter, both Steven and Deborah jumped at the opportunity to get involved.
After answering the Dragons’ questions with style and poise, Deborah gave the childhood friends an offer of half the money for 1.5% of the company.
Shortly afterwards, Steven offered the full amount for 3% of the company.
Following a short period of deliberation, the duo decided to take both Dragons on board, meaning they would be giving away their company for 4.5% for a £160,000 investment.
Their offer marked a touching moment for Josh and Andy, who met on their first day of school and were each other’s best men at their wedding.
The pair could also be seen sharing an emotional hug in the elevator as they left the Den.
But this is certainly not the first time Steven has offered an enormous sum of money on the BBC show.
Earlier this month, it was revealed that a Dragons’ Den company is now worth £140million after Steven’s investment ‘grew rapidly’.
Natural energy drink brand PerfectTed’ is now valued at an incredible £140million – which ‘s value is reportedly the biggest payday to come out of the hit BBC business show.
The matcha-powered drink company, founded by Marisa Poster and Teddie Levenfiche, first caught the attention of viewers – and the Dragons – when they entered the Den in 2023.
While Peter Jones later stepped away, Bartlett stayed on board – and it has since ‘grown rapidly.’
The company’s valuation has soared after a major round of funding from venture capital firm Felix Capital, with The Grocer reporting the brand’s worth has climbed to around £140m.
But it’s not the only success story, after a contestant was offered the biggest deal in the show’s 20-year history and a 15-year-old was backed by an investor with a £1,540,000,000 fortune.
Dragons’ Den is available to watch on BBC iPlayer.
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