Everything you need to know about Shark Tank Australia

Shark Tank

“We’re not paid to be on the show. It’s all our own money.”

At 7:30 pm on Tuesday, August 29 on 10 and 10 Play, dive into new thrilling business battles, when a new breed of Shark Tank Australia hits screens.

Armed with persuasive tactics, business acumen and unwavering passion, aspiring Aussie entrepreneurs step into the iconic Shark Tank to pitch their ideas. Laying everything on the line, they’re hoping to strike a deal with one of the five new Sharks that can catapult their dreams into reality.

The new Sharks who have taken over the Tank include: Sabri Suby, the founder of King Kong Digital Marketing Agency and author of Sell Like CrazyDr. Catriona Wallace, an expert in the field of Artificial Intelligence the Metaverse; Davie Fogarty, founder of Davie Group and 10 consumer brands including The Oodie; Jane Lu, the CEO of online fashion boutique Showpo; and the OG Shark from Shark Tank US, Robert Herjavec, who has invested over $23 million AUD across 14 seasons of the show.

When the show was first announcedDaniel Monaghan, SVP Content and Programming, Paramount Australia and New Zealand, said: “We’re so excited to bring the world’s number one business show back to Aussie screens. Our five new Sharks come from diverse sectors of business, and their backgrounds and journeys to success are nothing short of inspirational. We can’t wait for them to share their knowledge and provide invaluable take aways to the entrepreneurs who enter the Tank.”

In an interview on Chattr, Sabri Suby and Jane Lu said that the network doesn’t give them any funds towards their investments.

“Everyone is under the assumption that the network gives us some kind of Monopoly money, right?” Sabri said.

“We’re not paid to be on the show. It’s all our own money. We don’t know anything about these entrepreneurs more than the viewers do when they come and watch one of the pitches,” he added.

“We’ve got a very short amount of time to get down to the real situation of like, ‘Hey, I’m actually going to be writing a cheque to this person, so I need to know where we stand with everything.”

See also: Interview: The Sharks reveal whether Shark Tank is real or fake

Shark Tank Australia is based on the Dragons’ Den format owned by Japan’s Nippon TV and distributed by Sony Pictures Television. It will be produced for Network 10 by SPT’s Curio Pictures.

Shark Tank Australia premieres Tuesday, August 29 at 7:30 pm on 10 and 10 Play.

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