Hungryhouse.co.uk
Encyclopedia
Hungryhouse.co.uk is the UK based portal for the online ordering of takeaway food that found public prominence when founders Shane Lake and Tony Charles shook hands on an offer of investment on BBC
TV show Dragons' Den (UK)
, in 2007. The Business Angels offering to back the business with a £100,000 investment were James Caan (entrepreneur)
and Duncan Bannatyne
.
, attracting an offer of investment from James Caan and Duncan Bannatyne. Following handshakes and an initial pledge to invest in "the Den", James Caan (entrepreneur)
and his team of advisors took charge of due diligence. This process is reported to have taken 6 months, with the end result that the deal did not go ahead. In May 2008, after the collapse of the deal with James Caan and Duncan Bannatyne, hungryhouse's founders accepted an offer of £150,000 investment from alternative Business Angels, who initially discovered hungryhouse whilst watching Dragons' Den on TV.
After securing stage 1 funding of £150,000, the business increased the number of restaurant partnerships listed, expanding from offering 150 menus in London when it first appeared on Dragons' Den in 2007, to list 2500 menus by September 2010. As reported on "Dragons' Den: What happened Next?" in September 2010, the business is currently seeking stage 2 funding in order to continue expansion.
BBC
The British Broadcasting Corporation is a British public service broadcaster. Its headquarters is at Broadcasting House in the City of Westminster, London. It is the largest broadcaster in the world, with about 23,000 staff...
TV show Dragons' Den (UK)
Dragons' Den (UK)
Dragons' Den is a British television series, hosted by Evan Davis. The format of the show is owned by Sony Pictures and is based on the original Japanese series, which has been sold around the world...
, in 2007. The Business Angels offering to back the business with a £100,000 investment were James Caan (entrepreneur)
James Caan (entrepreneur)
James Caan is a British-Pakistani entrepreneur and television personality. Caan has been building and selling businesses since 1985, including Alexander Mann Group, Humana International, and the private equity firm Hamilton Bradshaw.Caan initially achieved success in the recruitment industry,...
and Duncan Bannatyne
Duncan Bannatyne
Duncan Walker Bannatyne, OBE is a Scottish entrepreneur, philanthropist and author. His business interests include hotels, health clubs, spas, media, TV, stage schools, property and transport. He is most famous for his appearance as a business angel on the BBC programme Dragons' Den...
.
History
On 19 November 2007, the hungryhouse.co.uk founders were successful pitchers on BBC business & entertainment show Dragons' Den (UK)Dragons' Den (UK)
Dragons' Den is a British television series, hosted by Evan Davis. The format of the show is owned by Sony Pictures and is based on the original Japanese series, which has been sold around the world...
, attracting an offer of investment from James Caan and Duncan Bannatyne. Following handshakes and an initial pledge to invest in "the Den", James Caan (entrepreneur)
James Caan (entrepreneur)
James Caan is a British-Pakistani entrepreneur and television personality. Caan has been building and selling businesses since 1985, including Alexander Mann Group, Humana International, and the private equity firm Hamilton Bradshaw.Caan initially achieved success in the recruitment industry,...
and his team of advisors took charge of due diligence. This process is reported to have taken 6 months, with the end result that the deal did not go ahead. In May 2008, after the collapse of the deal with James Caan and Duncan Bannatyne, hungryhouse's founders accepted an offer of £150,000 investment from alternative Business Angels, who initially discovered hungryhouse whilst watching Dragons' Den on TV.
After securing stage 1 funding of £150,000, the business increased the number of restaurant partnerships listed, expanding from offering 150 menus in London when it first appeared on Dragons' Den in 2007, to list 2500 menus by September 2010. As reported on "Dragons' Den: What happened Next?" in September 2010, the business is currently seeking stage 2 funding in order to continue expansion.