Tech Tycoon and Dragon Investor Peter Jones has hauled out a £100,000 arrangement to support a Bluetooth tracker on Dragons Den secretly in one of the biggest investment moves of the series. But why? What secret is this story hiding and why did Jones pull out of such an investment so close to his heart?
College graduates Raj Sark and Vincenz Klemt entered the TV arrangement searching for additional financing for their LUPO gadget – a tracker for your keys that works off your cell phone – and appeared to have achieved a concurrence with Jones.
He offered the match £100,000 for a 30 for every penny stake yet uncovered after Sunday’s demonstrate the arrangement had failed to work out.
Taking to Twitter after the show, Jones stated: “My venture with My Lupo [sic] didn’t experience as a few issues emerged amid due persistence.
“Despite everything I want Raj to enjoy all that life has to offer later on.”
The tracker is intended to connect to your keys and permits you to track them from your telephone – and in addition track your lost telephone by utilizing the LUPO to ring it.
A relating application permits clients to see the last known area of the tracker on a guide.
Addressing the Dragons about the item’s interesting offering point, Klemt stated: “It’s the product. Anyone can take every one of these parts off the rack in China, they are extremely shabby. In any case, it’s about the firmware on the gadget, it’s about the application.”
An inspired Jones stated: “I like what you’ve done. I imagine that you have what it takes and I think you comprehend the market outrageously well.
“The window of chance is currently, and on the premise of that will offer all of you of the cash, yet I need a vast bit of the pie.”
Amazon clients have hit out at LUPO as of late in client audits, with the five latest remarks rating the item at one star.
One composed on January 7: “it broke inside two weeks and is scarcely sufficiently noisy to listen.”