Two high-flying entrepreneurs Adenike Ogunlesi, founder and creative director, Ruff ‘N’ Tumble, and Bolaji Balogun, CEO, Chapel Hill Denham, have emerged as two of the five judges of the maiden edition of the Lions’ Den reality TV show.
The reality TV show which is produced by Ultima Studios and sponsored by Ecobank and Chapel Hill Denham is set to provide budding entrepreneurs with investment opportunities through successful pitches.
The first edition of the show paraded five Lions who are regarded as potential investors in the businesses of budding entrepreneurs that pitch their business ideas on the reality show. The Lions are looking to give back to society and help Nigerians fulfill their dreams and ambitions. As such, if they see the potential in an entrepreneur’s idea or product, they will invest in it in exchange for some equity in the business.
Other Lions, who are high-flying entrepreneurs on the show, include Kyari Bukar, co-founder and managing partner, Trans Sahara Investments Corporation; Paul Onwuanibe, founder and CEO, Landmark Group; and Dan Ngerem, chairman, Hensen Group.
The debut episode of Lions’ Den featured four budding entrepreneurs, Oke Ese, maker of power stove equipment which could also be used to charge phones and sundry devices; Bukola Adebomi, owner of Scentify, producer of scented candles and room sprays; Ese Oruade, owner of SEIL whose firm produces non-contact hand-washing machines; and Michelle Omoregha, founder of 989Spaces, a brand whose unique selling point is the provision of affordable, functional and flexible workspaces for people.
All the four entrepreneurs came to the Lions’ Den with high hopes, pitching their business ideas in exchange for millions of naira as investments from the gurus in the Den. Only Oke Ese and Michelle Omoregha emerged successful with their pitches.
Four of the Lions forked out N40 million to earn 40 percent shares in Ese’s firm while Michelle’s 989Spaces whose pitch for N100 million in exchange for 10 percent of her equity was successful.
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