The second season of Shark Tank aired on Network Ten on 8 May 2016 and concluded 7 July 2016. The series was confirmed on 9 June 2015.
Summary
The show features a panel of potential investors, named "Sharks", who listen to entrepreneurs pitch ideas for a business or product they wish to develop. These self-made multi-millionaires judge the business concepts and products pitched and then decide whether to invest their own money to help market and mentor each contestant.
Investments by Shark Shark Offers Made Deals Made Total Investment Janine 17 11 $2,325,000 + Beer Glen 17 13 $1,676,666 + Beer Steve 18 13 $1,326,666 + Beer Naomi 16 10 $1,110,000 + Beer Andrew 16 10 $851,666 + Beer
Episodes Episode 1
# Entrepreneur(s) Idea Business Valuation Initial Offer Sharks Offers Final Deal Steve JanineAndrew Naomi Glen 1 Mick Spencer"On The Go Sports" Custom sports apparel e-commerce $3 million $300k for 10% Stake $300k for 20% Stake $300k for 20% Stake $300k for 20% Stake — — Accepted 2nd Revised Counter Offer Counter Offer $300k for 15% Stake (Share) Revised Counter Offer 600k for 35% (Share) 2nd Revised Counter Offer 600k for 30% (Share) Accepted 2nd Revised Counter Offer 600k for 30% (Share) 2 David Lambasa "Clever Score" Design and manufacturing company for manual scoreboards $800,000 $200k for 25% Stake — — — — $200k for 50% Stake of Entire Business Rejected Glen's Offer Counter Offer $200k for 33% Stake Revised Counter Offer $200k for 50% Stake + $75k Salary for David 3 Lynton V Harris "Sharknado Alive" Live interactive attraction based on the Sharknado brand $950,000 $475k for 50% Stake $475k for 50% Stake (Share) Accepted Offer
Episode 2
# Entrepreneur(s) Idea Business Valuation Initial Offer Sharks Offers Final Deal Steve JanineAndrew Naomi Glen 1 Gary Elphick "Disrupt" Self customiseable designs for world's sports equipments $4.3 million $250k for 5.8% Stake — — — — $250k for 33% Stake Rejected Glen's Offer 2 Will Davies & Dave Trumbull "Car Next Door" Peer-to-peer car rental, a system which people rent privately owned vehicles on an hourly or daily basis to other registered users $7.5 million $300k for 4% Stake $300k for 4% Stake — — — — Accepted Offer 3 Shath & Bren "Super Orbs" Bite sized vegan snack meal made with organic super-foods $1 million $200k for 20% Stake — — — — — No Offers 4 Kath Purkis "Her Fashion Box (HFB)" A box full of beauty accessories and products based on a buyers look and personality $1.6 million $200k for 12% Stake — $200k for 20% Stake $200k for 15% Stake — — Accepted Counter Offer Counter Offer$200k for 16% Stake(2 Sharks) Accepted Counter Offer$200k for 16% Stake
Episode 3
# Entrepreneur(s) Idea Business Valuation Initial Offer Sharks Offers Final Deal Steve JanineAndrew Naomi Glen 1 Mick D "Tag International" An outdoor adventure and team-building company $500,000 $100k for 20% Stake $100k for 35% Stake (Shared) — $100k for 35% Stake (Single offer) $100k for 25% Stake — Accepted Counter Offer Counter Offer$100k for 30% Stake(Steve & Andrew) $100k for 35% Stake (Shared) Offer$100k for 30% Stake(Shared) Offer$100k for 30% Stake(Shared) 2 Sally Matterson "Extreme Shredder" Online fitness company that gives you access to online fitness workouts $250,000 $50k for 20% Stake $50k Loan — — $50k for 25% Stake — Accepted Naomi's Offer 3 Richard Ploszaj "Troppo Bicycle" Redesigned Bicycle that goes faster, offers better exercise and body building benefits, enhanced comfort and safety $10.2 million $5 million for 49% Stake — — — — — No Offers 4 Michael Timbs "Betswaps.com" An online sports tipping marketplace $2 million $200k for 10% Stake $200k for 15% Stake — $200k for 30% Stake $200k for 20% Stake $200k for 15% Stake Accepted Counter Offer Counter Offer$200k for 15% Stake (Steve & Glen) Accepted Counter Offer$200k for 15% Stake (Shared) Accepted Counter Offer$200k for 15% Stake (Shared)
Episode 4
# Entrepreneur(s) Idea Business Valuation Initial Offer Sharks Offers Final Deal Steve JanineAndrew Naomi Glen 1 Marc Berryman "Rhinohide" A tough, removable body armour that protects 4x4 cars against dents and scratches $800,000 $80k for 10% Stake $80k for 35% Stake — $80k for 20% Stake + $40k Loan — $80k for 10% Stake Accepted Revised Offer Counter Offer$80k for 10% Stake each (Andrew & Glen) Revised Offer$80k for 10% Stake Accepted Revised Offer$80k for 10% Stake (Share) Accepted Revised Offer$80k for 10% Stake (Share)2 Perry Ormsby "Ormsby Guitars" Handmade guitars from very rare timbers$2 million $200k for 10% Stake —$200k Loan for 10% Stake, Repayable at 10% Interest — — — Rejected Steve's OfferCounter Offer$200k Loan for 10% Stake. Dropping to 5% when Loan is repaid. $200k Loan for 10% Stake, Repayable at 10% Interest Offer Rejected Rejected Counter Offer 3 Steve Johnson & Christian Shaefer "Carhood" Airport car sharing platform while they are travelling. $4.545 million $500k for 11% Stake — — — — — No Offers 4 Matt Gillett "2Shu" A shoe that can be converted between a thong or a closed-toe shoe and vice versa $375,000 150k for 40% Stake — $150k for 25% Stake in Matt's entire business — — — Accepted Offer
Episode 5
# Entrepreneur(s) Idea Business Valuation Initial Offer Sharks Offers Final Deal Steve JanineAndrew Naomi Glen 1 Marlies & Jai Hobbs "Paleo Café" Health food store and cafe franchise $7.5 million $750k for 10% Stake — $750k for 38% Stake — — — Accepted Janine's Initial Offer Counter Offer $750k for 25% Stake 2 Michelle & Troy Tornabene "Pitzstop" Disposable male armpit guards $200,000 $50k for 25% Stake — — — — — No Offers 3 Anna Walsh "Body Peace Clothing" A range of eco-friendly clothes from bamboo $600,000 $90k for a 15% Stake $90k for a 25% Stake $90k for a 20% Stake — — — Accepted Revised Counter Offer Revised Offer$90k for 15% Stake Accepted Revised Counter Offer$180k for 30% Stake (Share) 4 Keegan, Matt, Nick & Lee "Friday Beers" A subscription of cold craft beers delivery service every Friday $250,000 $25k for 10% Stake $25k for 10% Stake — — — — Accepted Offer
Episode 6
# Entrepreneur(s) Idea Business Valuation Initial Offer Sharks Offers Final Deal Steve JanineAndrew Naomi Glen 1 Bernie Sharrad "Cap Hat" A detachable cover for a cap or hat that provides full sun protection $480,000 $120k for 25% Stake $120k Loan for 10% p.a. No equity (Share with Andrew) — $120k Loan (Share with Steve) and a future option to take a 15% equity stake in the business. Connect Bernie with two retail giants — Accepted Offer 2 Dylan Samra & Daniel Cunningham "ASAP Delivery" An SMS-based on-demand service $1.6 million $160k for 10% Stake — — — — — No Offers3 Julia Sakr "Potty Plant" A real grass dog toilet per subscription $700,000 $70k for 10% Stake — — — — $70k for 30% Stake Accepted Revised Counter Offer Counter Offer $70k for 20% Stake Accepted Revised Counter Offer $70k for 25% Stake 4 Fred Keizer "Automated Flaggers" A signaling system that takes traffic signalers out of harms way. — Launch the invention for a carton of beer Offer to make some calls for 5 cartons of beer (Each) Accepted Offer
Episode 7
# Entrepreneur(s) Idea Business Valuation Initial Offer Sharks Offers Final Deal Steve JanineAndrew Naomi Glen 1 Briella Brown "Your Closet" A luxury dress rental service $400,000 $80k for 20% Stake — $80k for 30% Stake (Share with Steve) — $80k for 40% Stake — Accepted Joint Offer Counter Offer$80k for 30% Stake(Naomi & Janine) Joint Offer$80k for 40% Stake(Share with Naomi) Joint Offer$80k for 40% Stake(Share with Janine) 2 Guy & Pepe Marshall "Super Food Sushi" Vegan sushi cafe $1.136 million $250k for 22% Stake — — — — — No Offers 3 Adam Countts "Red Burlesque" A range of red lipsticks $500,000 $150k for 30% Stake — — — — — No Offers 4 Demitrias & Utah Rejtano "2WHEELBoard" A combination of skateboarding and snowboarding $500,000 $100k for 20% Stake — — — $100k Loan — Accepted Offer
Episode 8
# Entrepreneur(s) Idea Business Valuation Initial Offer Sharks Offers Final Deal Steve JanineAndrew Naomi Glen 1 Liz Kaelin "You Chews" An online marketplace for workplace catering $2.5 million $125k for 5% Stake $125k for 12.5% Stake — — — — Accepted Steve's Initial Offer Counter Offer $125k for 9% Stake 2 Isabella Dymalovski "Luv Ur Self" A skincare range for young teenage girls $325,000 $65k for 20% Stake — — — — — No Offers 3 David Lovato "Crowd Property Capital" An innovative peer-to-peer platform that allows investors to lend funds to borrowers $400,000 $80k for 20% Stake — — — — — No Offers 4 Joshua Young "auug" A mobile app and hardware product that allows you to play musical instruments $1 million $50k for 5% Stake — — $50k for 10% Stake $50k for 7.5% Stake — Accepted Andrew's Offer $100k for 20% Stake (Share)
Episode 9
# Entrepreneur(s) Idea Business Valuation Initial Offer Sharks Offers Final Deal Steve JanineAndrew Naomi Glen 1 Jen Lawrence & John Bennett "newagestore.com" A spiritual and guidance website $1 million $100k for 10% Stake — — — $100k for 20% Stake — Accepted Offer 2 Roberto Durso "Exfolimate" An exfoliating tool to clean away dead skin from the body $2.2 million $1.1m for 50% Stake — — — — — No Offers 3 Lee Holmes "Supercharged Food" Online website which offers anti-inflammatory recipes for improved health $1 million $200k for 20% Stake — $100k for 35% Stake + $100k Loan — $200k for 50% Stake — Accepted Janine's Offer 4 Andy Mehringer "New Eye Company" Workplace safety glasses that support prescription lenses through foil inserts $750,000 $150k for 20% Stake $150k for 25% Stake — $150k for 30% Stake — $150k for 30% Stake Accepted Offer $150k for 30% Stake (Share) $150k for 30% Stake (Share) $150k for 30% Stake (Share)
Episode 10
# Entrepreneur(s) Idea Business Valuation Initial Offer Sharks Offers Final Deal Steve JanineAndrew Naomi Glen 1 Omid Rad "Intelliweed" An environmentally friendly weeding tool that pierces the weed and releases a herbicide. $2.3 million $175k for 7.5% Stake $175k for 33.3% Stake — $175k for 30% Stake — $175k for 15% Stake Accepted Glen's Offer $175k for 25% Stake 2 Oran Harel "HairLuxe" A product which eliminates the look of balding or thinning hair $250,000 $50k for 20% Stake — — — — — No Offers 3 Maria Nicola "10-Way Necklace" A necklace that can be worn ten different ways $375,000 $75k for 20% Stake — $75k for 40% Stake — $75k for 40% Stake — Accepted Naomi's Initial Offer Counter Offer $75k for 30% Stake 4 Sam Begg "Hit With Me" An app that helps individuals find someone to play tennis with $250,000 $50k for 20% Stake — — — — $50k for 50% Stake Accepted Counter Offer Counter Offer $50k for 49% Stake Accepted Counter Offer $50k for 49% Stake
Episode 11
# Entrepreneur(s) Idea Business Valuation Initial Offer Sharks Offers Final Deal Steve JanineAndrew Naomi Glen 1 Dennis, Dimitri & Leon "Kisa Phone" Easy to use mobile phone for the elderly $4 million $200k for 5% Stake — $200k for 20% Stake $200k for 15% Stake $100k for 10% Stake + $100k Loan — Accepted Naomi's Offer 2 Robert Crocitti & Michael Nuciforo "Parkhound" A company that finds and leases affordable parking spaces from property managers $4 million $400k for 10% Stake — $400k for 33% Stake — $400k for 30% Stake (Share with Glen) $200k for 15% Stake + $200k Loan Rejected Naomi and Glen's Offer Counter Offer $400k for 20% Stake (Naomi & Glen) $400k for 30% Stake (Share with Naomi) 3 Tom Maclean "Sofi Spritz" An all-natural, Australian wine spritzer $1.3 million $130k for 10% Stake $130k for 10% Stake (Share with Glen) $130k for 17% Stake $130k for 15% Stake — $130k for 12% Stake Accepted Steve & Glen's Offer $180k for 17% Stake $130k for 10% Stake (Share with Steve) 4 Fitzy & Wippa "Mup" A mint built into the underside of a coffee cup $6 million $300k for 5% Stake — $500k for 5% Stake $500k for 5% Stake $500k for 2.5% Stake $300k for 100% Stake Rejected Offers
Episode 12