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Deborah Meaden backs Ilford entrepreneur in Dragon’s Den

PUBLISHED: 10:46 08 January 2016 | UPDATED: 10:46 08 January 2016

Deepak Tailor with some free products

Deepak Tailor with some free products

Archant

A former Beal High School pupil’s dreams came true when he successfully pitched his start-up company to the multi-millionaires of TV show Dragons’ Den.

Deepak’s top tips

“Be quick, a lot of these deals go really fast so you need to apply really quickly.

“My second tip for readers is to like your favourite products’ and companies’ Facebook pages.

“You will be the first to hear about freebies and tasters, this is often where companies first go with new promotions.”

A former Beal High School pupil’s dreams came true when he successfully pitched his start-up company to the multi-millionaires of TV show Dragons’ Den.

Deepak Tailor, 28, whose business studies teacher first showed him the programme 10 years ago, got three offers from the dragons for his freebie business Latest Free Stuff.

Eventually Deepak chose Deborah Meaden, who agreed to invest £50,000 for 10 per cent of the company.

Deepak appeared on the BBC2 show on Sunday night, which lets entrepreneurs pitch their ideas to some of the country’s most successful businessmen and women.

Deepak Tailor pitching to the dragons on Dragons' Den. Photo: BBC Deepak Tailor pitching to the dragons on Dragons' Den. Photo: BBC

He put forward the vision for his website latestfreestuff.com, which helps users get freebies from companies.

Businesses pay to get their products on Deepak’s website, which currently has 300,000 subscribers.

Peter Jones, the dragon who discovered Reggae Reggae Sauce’s creator Levi Roots, described Deepak’s pitch as “the thing that you dream of happening” on Dragons’ Den.

He said: “Finding someone that comes into the den that has got £150,000 in the bank, has created a website that is really, really good, that is offering a really good deal, it is almost too good to be true.”

The dragons waiting for Deepak. Photo: BBC The dragons waiting for Deepak. Photo: BBC

Deepak, of Ingleby Road, Ilford, told the Recorder Dragons’ Den had actually asked him to apply to be on the show.

“It was a bit weird they approached us to go on the show, I think they saw an article you guys had done about winning a start up award,” he said.

He said he spent three or four weeks practising his pitch as “I did not want to be that person who gets his profits wrong”.

Deepak continued: “On the day I was terrified, it was really, really scary. You get woken up at five in the morning and then sit in a green screen for hours.

Deepak Tailor with the view from his office Deepak Tailor with the view from his office

“The other people leave and never come back and you are not allowed out.”

Deepak revealed he was particularly nervous about pitching in front of his hero, Peter Jones, but after the first two-minute speech he calmed down.

“Not many websites have been in the show, so I did not know how it would go down, so to get three offers ... I was in shock,” he added.

To see Deepak in Dragons’ Den visit the BBC iPlayer. The show is currently on Sundays on BBC2 at 8pm.

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