Their investment comes at a 10% stake in their business after the co-founder of The Creative Council, Gil Oved found Bottles model to be a profitable investment.
The alcohol delivery app allows users to choose from their favourite beers, spirits and wines to be delivered to their door within 60-minutes.
“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 in a press release to Ventureburn.
“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 3 Sharks in the Tank – Gil Oved, Marnus Broodryk and Vinny Lingham,” continued Viviers.
Bottles reel in favourable investment from Shark Tank judge, Gil Oved
Ventureburn covered the startup in August. Their motives have remained the same, to keep the party topped up while keeping party-goers safe from having to drive under the influence to fetch more alcohol.
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.”
Not only has Oved invested his money, but he’s also invested his time. He’s promising the duo hands-on mentoring while opening the doors to many other SA alcohol manufacturers.
According to Bottles, the business is currently experiencing growth of between 50% to 100% month on month.
Back when we interviewed the team, they mentioned their goal to scale their service nationwide. Currently, they’ve reached that goal and are now available in more than 100 suburbs within Cape Town, Johannesburg, Pretoria and Durban.
“We will use the investment and mentoring to help scale the business over the next 6-12 months to become the favourite way for people to buy alcohol across South Africa,” said Enrico Ferigolli.