Back in 2007, Reggae singer and chef Levi Roots pitched his spicy Reggae Reggae Sauce to the Dragons’ and successfully managed to secure £50,000 to manufacture his product.
In return, Levi Roots was offering 20% of the equity in his business. The sauce is a secret recipe from Levi's grandmother. He was told there was “no
future for this business” by Duncan Bannatyne but Peter Jones and Richard Farleigh saw something else and invested £50,000 for 40% equity in the company.
Reggae Reggae sauces are now stocked in all major UK supermarkets, taking London-based Roots’ worth to an estimated £30 million according to the Sunday Times Rich List.
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