Dragons' Den entrepreneur rejected cash and is set to make millions

  • 📰 DailyMailUK
  • ⏱ Reading Time:
  • 59 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 90%

United Kingdom Headlines News

United Kingdom Latest News,United Kingdom Headlines

Peony Li, who lives in London , appeared on BBC One's Dragons' Den this evening after pitching her healthcare company We Are Jude to the business moguls.

A businesswoman refused to 'settle for less' and rejected three offers on Dragons' Den - proving the doubting Dragons wrong as her booming business is raking in £5million a year.

Peony, 28, pitched her bladder care company to the Dragons, with the intention of highlighting the hidden epidemic of bladder incontinence in the UK - and securing funding.However, her risky move has paid off, as now Peony says her business is turning over £5million each year 'If I didn't have our other investors, I would definitely say yes to the deal,' Peony said. She continued: 'But I would love to counter propose the offers, £100,000 for 1.5 per cent.'She believes her incredible success puts to bed the doubts raised from Dragon Touker Suleyman, who was unsure about Peony's plans to sell Jude products in Boots and on QVC.

Peony felt that 'taking a lower offer would diminish the input of my early investors', which is one of the reasons she turned down the money 'It was nerve-wracking, not only because I'd put years of work into creating Jude, but because it isn't just a business – it's part of me, it's about my story, so it was a big deal to put myself out there.

According to Peony, despite turning down the Dragons' offers, she says their help has been 'invaluable'

Source: News Formal (newsformal.com)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 7. in UK

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dragons' Den entrepreneur rejected cash and is set to make millionsPeony Li, who lives in London , appeared on BBC One's Dragons' Den this evening after pitching her healthcare company We Are Jude to the business moguls.
Source: DailyMailUK - 🏆 7. / 90 Read more »

Super League: Warrington Wolves vs Hull FC and London Broncos vs Catalans Dragons live updatesFollow the action from the Halliwell Jones Stadium, plus updates as London Broncos face Catalans Dragons
Source: SkySportsNews - 🏆 60. / 63 Read more »

Super League: Nu Brown red card overshadows Warrington Wolves win, Catalans Dragons rout London BroncosA red card for Nu Brown overshadow Warrington's first win under Sam Burgess in Friday's Super League matches.
Source: SkySports - 🏆 58. / 63 Read more »

Dragons' Den viewers blast landlord from hell for 'evil' business ideaAnthony Cherry's TIME:O:STAT business means tenants only set the heating for two hours.
Source: Metro Newspaper UK - 🏆 61. / 63 Read more »

Dragons' Den star's dreams 'shattered' after rejecting offer'I threw my toys out of the pram.'
Source: Metro Newspaper UK - 🏆 61. / 63 Read more »

Dragons' Den star's dreams 'shattered' after rejecting offer'I threw my toys out of the pram.'
Source: MetroUK - 🏆 13. / 82 Read more »