Fashion app Mallzee secures Samsung deal after rejecting Dragons Den offer

Feb17

by Sindy Cator on February 17, 2015 at 3:54 pm

Posted In: Apps, Around the Web, Insider, Mobile

Cally Russell walked onto Dragons Den – the UK’s equivalent of Shark Tank – to show off his app Mallzee, hoping to impress the room and secure an investment. But when investor Peter Jones made an offer, Cally turned him down and left empty-handed. Jones said he had a hunch that the app could be the next £100 million business and offered Cally $115,000 (£75,000) for a 20 percent stake. The 27-year-old entrepreneur says turned down the offer because he didn’t want to give away so much equity in his company. Was this confidence well placed? Yes, it seems it was.…