|SEASON 8 EPISODE 19|
|Pitch||wine blending kits|
|Asked For||$250,000 for 10%|
|Deal||$250,000 loan at 8% interest for 10%|
What is Blendtique Wine Company?
Blendtique Wines is a platform that allows wine consumers to customize wine blends from the comfort of their homes. Wine enthusiasts pick up their blends from the platform and blend, upload a recipe, design an individualized label, and get the resulting product shipped to them. The platform is used often by individuals, restaurants, and people with events such as weddings.
Who Owns Blendtique Wine Company?
Blendtique Wines was founded by Billy Dim with the help of First Choice Beverage, a company that assists individuals set up alcoholic beverage companies. He is a certified sommelier and a graduate of the University of Texas at Austin. He has worked in various wineries, including Los Olivos Wine Merchant & Cafe. He is currently the CEO at Blendtique Wines.
Mr. Dim wants to change the experience of visiting a winery by making it more interactive. He aspires to a world where enthusiasts can make their blend of customized wine, participating fully in the process- tasting, blending, creating labels, and packaging. Billy is determined to find the creative nick in every wine lover and lets them explore the art of winemaking.
He is determined to let everyone acknowledge what is mostly overlooked, an enthusiast has a burning desire to learn and create. At his previous jobs, Mr. Dim has demonstrated his ability to lead teams to achieve unmatched success in the wine and hospitality industry. He has over time proven himself as a talented individual with the ability to improve a company’s fortune in terms of marketing, sales, and customer service.
Blendtique Shark Tank Update
Did Blendtique Get a Deal on Shark Tank?
On Shark Tank Season 8 Episode 19, Andy Watne and Patty Watne entered the Tank seeking $250,000 for 10% ($2.5 million valuation) but instead accepted an offer of $250,000 loan at 8% interest for 10%, from Lori Greiner.