The third season of Shark Tank aired on Network Ten from 20 June 2017. The series was confirmed following the season 2 finale.
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 Correct as of Episode 9 Shark Offers Made Deals Made Total Investment Andrew 8 6 $3,275,015 Glen 8 5 $995,000 + mentoring Naomi 8 5 $850,015 Steve 12 3 $600,000 + mentoring Janine 9 3 $500,000 + mentoring x2
Episodes Episode 1
# Entrepreneur(s) Idea Business Valuation Initial Offer Sharks Offers Final Deal Steve JanineAndrew Naomi Glen 1 Dr. Nikhol Pooviah, Dr. Raghav Murali-Ganesh & Dr. Martin Seneviratne "CancerAid"An app that personalises cancer information for patients and caregivers $5 million $500k for 10% Stake — $500k for 10% Stake $500k for 10% Stake $500k for 10% Stake $500k for 10% Stake Accepted Counter Offer Counter Offer$250k for 5% Stake each(Andrew & Glen) $250k for 5% Stake (Share with Glen) $250k for 9% Stake (single offer) Accepted Counter Offer$250k for 5% Stake (Share) Accepted Counter Offer$250k for 5% Stake (Share) 2 Barry Rahme "Mini Clones"3D scanning which creates replicated figurines $500,000 $125k for 25% Stake — — — — — No Offers 3 Aleksandar Svetski "iRecruit"Technology that ranks resumes to find best suit job applicant $9 million $200k for 2.2% Stake — — — — — No Offers 4 Jenny Holten "Strange Grains"A wholesale artisan bakery selling gluten free bread $3.5 million $350k for 10% Stake — — — $350k for 25% Stake — Accepted Naomi's Initial Offer Counter Offer$350k for 20% Stake
Episode 2
# Entrepreneur(s) Idea Business Valuation Initial Offer Sharks Offers Final Deal Steve JanineAndrew Naomi Glen 1 Paris Marchant & Lawrence Lees "Generation Outcast Clothing" An online women's clothing company $900,000 $90k for 10% Stake Asking for higher equity counter offer — — — — Steve Rejected Counter Offer Counter Offer$90k for 12.5% Stake Rejected Counter Offer 2 Dylan Colman & Tom Smith "The Hammbag" An all-in-one hammock, backpack and towel $300,000 $45k for 15% Stake — — — — — No Offers 3 Margaret & Peter Powell "Catch 'N' Release" An anchor retrieval company that eliminates damage to the ocean $1 million $200k for 20% Stake — — — Mentorship 200k for 100% Stake + 5% Royalty Accepted Offer 4 Capital M "Hoo Haa Headphones" Headphones with a retractable lead $100 $20 for 20% Stake — — $40 for 40% Stake (Share with Naomi) $40 for 40% Stake (Share with Andrew) — Accepted Counter Offer Counter Offer$30 for 30% Stake each Accepted Counter Offer$30 for 30% Stake (Share)
Episode 3
# Entrepreneur(s) Idea Business Valuation Initial Offer Sharks Offers Final Deal Steve JanineAndrew Naomi Glen 1 Heather Day "Hey Day Butter" An artisan brand of gourmet butter $200,000 $50k for 25% Stake $50k for 25% Stake + 50c Repayment Royalty per portion for $25k — — $50k for 33% Stake — Accepted Naomi's Offer 2 Jasmine Zapka & Andrew Eastoe "The Pole Room" A pole dancing for fitness program $667,000 $100k for 15% Stake — Mentorship — — — No Offers 3 Lourens Badenhorst "Fish Frenz" A wave energy conversion fish feeding pump $622,000 $56k for 9% Stake — — — — — No Offers 4 Kane Bodiam "iCapsulate" A coffee company specialising in capsules, pods and roasted beans $16.6 million $2.5m for 15% Stake — — $2.5m for 25% Stake $2.5m for 33.3% Stake $2.5m for 40% Stake Accepted Revised Offer Counter Offer$2.5m for 20% Stake (Andrew) Revised Offer$2.5m for 22.5% Stake
Episode 4
# Entrepreneur(s) Idea Business Valuation Initial Offer Sharks Offers Final Deal Steve JanineAndrew Naomi Glen 1 Alex Houseman "Over The Moo" Lactose-free coconut milk ice cream $3.125 million $250k for 8% Stake $250k for 25% Stake $250k for 49% Stake — — $250k for 25% Stake Glen Rejected Counter Offer Counter Offer$250k for 15% Stake Offer Withdrawn Offer Rejected Rejected Counter Offer 2 Peter Kuhlmann "Mini Pallets"Product which raises goods off the ground allowing for easy moving access underneath $1 million $200k for 20% Stake — — $200k for 25% Stake $300k for 40% Stake (Share with Andrew) $200k for 25% Stake Accepted Counter Offer Counter Offer$400k for 40% Stake (Naomi & Andrew) Accepted Counter Offer $400k for 40% Stake Stake (Share) 3 Maree Machin "Tractag" A QR identification tag $2 million $200k for 10% Stake — — — — — No Offers 4 Lauren Silvers & Lisa Maree Boersma "Glamazon" Online booking company for beauty services $1.67 million $250k for 15% Stake Asking for higher equity counter offer — — — — Accepted Counter Offer Counter Offer$250k for 25% Stake Accepted Counter Offer $250k for 25% Stake
Episode 5
# Entrepreneur(s) Idea Business Valuation Initial Offer Sharks Offers Final Deal Steve JanineAndrew Naomi Glen 1 Kim Macrae "iKiFit" A learning program which engages children through music and movement $2.5 million $250k for 10% Stake — — — — — No Offers 2 Jade Castle "Kaf.Tanned" A line of kaftans to be worn after a spray tan $1.5 million $150k for 10% Stake $50k for 25% Stake + $100k Loan — — — — Accepted Offer 3 Brett Page "Cellarwraps" Greeting card labels for bottles of wine $850,000 $170k for 20% Stake — — $170k for 30% Stake — $170k for 40% Stake Accepted Glen's Counter Offer Counter Offer $170k for 30% Stake 4 Winston Wijeyeratne & Selvam Sinnappan "Sleeping Duck" A customisable mattress $10 million $500k for 5% Stake $500k for 15% Stake — $500k for 25% Stake — — Rejected Steve's Offer Counter Offer$500k for 10% Stake $500k for 20% Stake + $20 Repayment Royalty per mattress up to $500k Rejected Counter Offer
Episode 6
# Entrepreneur(s) Idea Business Valuation Initial Offer Sharks Offers Final Deal Steve JanineAndrew Naomi Glen 1 Kjetil Hansen "Deliciou" A vegetarian bacon flavoured seasoning $1.2 million $300k for 25% Stake — — $300k for 45% Stake — — Accepted Revised Offer "Accepted Revised Offer" $300k for 44% Stake 2 Tony Croce, Mike Nayer & David Jardine "The Guitar Strap Co." Custom designed guitar straps $1 million $100k for 10% Stake — $100k for 25% Stake — — — Accepted Offer 3 Ben Burton "Zeppee" An app that connects adoptable pets with potential owners $500,000 $50k for 10% Stake — — — — — No Offers 4 Indi Sutton "The Monday Food Co." Handmade, organic, paleo granola $1.2 million $300k for 25% Stake — — — — $100k for 40% Stake + $200k Loan Accepted Offer
Episode 7
# Entrepreneur(s) Idea Business Valuation Initial Offer Sharks Offers Final Deal Steve JanineAndrew Naomi Glen 1 Patrick Gaskin & Tom Clift "Cardly" An online card sending service $3.57 million $250k for 7% Stake $250k for 33.3% Stake $250k for 30% Stake — $250k for 33.3% Stake — Accepted Naomi's 2nd Counter Offer Offer Withdrawal 1st Counter Offer$150k for 15% Stake + $100k Loan that converts to additional 10% Stake Counter Offer$250k for 20% Stake 2nd Counter Offer$150k for 15% Stake + $100k Loan that converts to additional 5% Stake 2 Brad Webb "360 Gym" A portable, outdoor strength training gym $1 million $200k for 20% Stake Mentorship — — — Mentorship No Offers 3 Chrissy Glentis & Luke Lucas "Foddies" A specialty food brand for people with food intolerance and allergies $1 million $100k for 10% Stake — $100k for 40% Stake — — — Accepted Offer
Episode 8
# Entrepreneur(s) Idea Business Valuation Initial Offer Sharks Offers Final Deal Steve JanineAndrew Naomi Glen 1 Kate Save & Dr. Geoffrey Draper "Be Fit Food" Meal plan programs for rapid weight loss $1.5 million $300k for 20% Stake $300k for 33.3% Stake $200k for 33.3% Stake + $100k Loan — — — Accepted Janine's Offer 2 Paul Cameron, Sam Davies & Seth Tonkin "Beer Pal" An app that shows where your favourite beers are on special $2 million $300k for 15% Stake — — — — — No Offers 3 Bethany Grace Spoor "Bethany Grace" A natural skincare company $133,000 $40k for 30% Stake — Mentorship — — — No Offers 4 Matt Natonewski "Nevermind Adventure" A motorcycle touring and leather goods company $1.33 million $200k for 15% Stake $200k for 60% Stake — — — — Accepted Revised Offer Counter Offer $200k for 40% Stake Revised Offer $200k for 49% Stake
Episode 9
# Entrepreneur(s) Idea Business Valuation Initial Offer Sharks Offers Final Deal Steve JanineAndrew Naomi Glen 1 Jayme & Jenny Park "Franki + Seoul" Natural skin care and beauty products and the latest trends and insights from Korea $292,000 $35k for 12% Stake — — — — — No Offers 2 Elias Kassas and Elisa Trifunoski "Just Jerky" An authentic and all-natural beef jerky $375,000 $75k for 20% Stake $75k for 40% Stake $75k for 37% Stake — $75k for 35% Stake $75k for 35% Stake Accepted Glen's Counter Offer Counter Offer $75k for 33% Stake Offer Rejected Counter Offer $75k for 35% Stake Accepted Counter Offer $75k for 33% Stake 3 Lauren & Lily Martin "Wish U Were Here Dolls" Handsewn cushioned dolls for children created with images of family members $125,000 $25k for 20% Stake $25k for 40% Stake — $25k for 40% Stake — — Accepted Andrew's Offer 4 Roland Safar & Matej Varhalik "Speedfit" A 20 minute intense fitness session using EMS (Electronic Muscle Stimulation) $2.8 million $280k for 10% Stake $280k for 40% Stake $280k for 33% Stake — — — Rejected Offers Counter Offer $280k for 27.5% Stake Revised Offer $280k for 31.1% Stake Offer Rejected Offer Rejected
Episode 10
# Entrepreneur(s) Idea Business Valuation Initial Offer Sharks Offers Final Deal Steve JanineAndrew Naomi Glen 1 Raph Freedman & Rory Boyden "Peak Chocolate" A pre-training, high performance chocolate $500,000 $50k for 10% Stake — — — — — No Offers 2 Anthony & Rebecca Keain "Cart-A-Lot" A foldable cart $1 million $100k for 10% Stake — — — $100k for 45% Stake — Accepted Counter Offer Counter Offer $100k for 40% Stake Accepted Counter Offer $100k for 40% Stake 3 Benjamin Seer "Hummingbird" Raw superfood blendies to add to your smoothie $2 million $200k for 10% Stake — — — $100k for 10% Stake + $100k Loan — Naomi Rejected Counter Offer Counter Offer $100k for 7% Stake + $100k Loan Rejected Counter Offer 4 Frank Lucisano & Tracy Richardson "ScopeIT Education" A company which delivers digital technology lessons to schools $4.21 million $632k for 15% Stake $632k for 30% Stake — — — $632k for 39% Stake Accepted Counter Offer Counter Offer $632k for 25% Stake Accepted Counter Offer $632k for 25% Stake $632k for 33% Stake
Episode 11
# Entrepreneur(s) Idea Business Valuation Initial Offer Sharks Offers Final Deal Steve JanineAndrew Naomi Glen 1 Ace Ahsan "Your Flavour" A range of handmade healthy seasoning products $800,000 $80k for 10% Stake — — — $80k for 50% Stake — Accepted 2nd Counter Offer Counter Offer$80k for 25% StakeWith money back in 2 years or converts to 35% Stake 2nd Counter Offer$80k for 40% Stake 2 Brent Thomas "Lash U Lashes" Professional eyelash extension training and high quality lash products $1.2 million $120k for 10% Stake Plus $120k Loan — — — — — No Offers 3 Rodney Cross & Harry Bradford "Squidezy" Squid cleaning tool $312,000 $100k for 32% Stake — — — — — No Offers 4 Melanie Newman & Cory Boyd "Melanie Newman Salon Essentials" Professional dog grooming products made out of plant-derived ingredients $750,000 $150k for 20% Stake — Accepted Revised Offer$150k for 50% StakeSplit 15% — — $150k for 50% Stake Accepted Revised Offer Accepted Revised Offer$150k for 50% StakeSplit 35%
Episode 12