Kid-Drop

Juliet Miranda, from Fort McMurray, Alberta, asked for $500,000 for 10% of Kid-Drop, a subscription-based transportation service offering door-to-door rides for children to school, day care, and extracurricular activities. The service costs $510 a month for round-trip rides, compared to about $500 a year for the yellow school bus; the company has grown to a fleet of seven vehicles, has done $1.1 million in lifetime revenue, $671,000 in the last 12 months, and became profitable for the first time in February, keeping about 20% margin per vehicle after operating costs. Vehicles now cost about $5,000 to onboard through a partnership with a transportation outfit, down from $25,000 previously, and each vehicle generates about $8,200 a month against $5,500 in costs.

None of the Dragons made an offer. Wes Hall, Michele Romanow, Vincenzo Guzzo, Manjit Minhas, and Arlene Dickinson all cited concerns that the $5 million valuation implied by the ask was too high given the current state and thin margins of the business, despite praising Juliet Miranda's resilience and story.

Kid-Drop appears to have closed. Its products may no longer be available.