Tuesday in Love

Umar Dar and Farah Katchi (Farrah), from Mississauga, Ontario, asked for $100,000 for 20% of Tuesday in Love, a water-permeable nail polish designed so water can reach the nail bed, allowing Muslim women to perform ritual ablution before prayer without removing polish. The polish sells for about $18 a bottle and costs roughly $4 to make, is offered in over 30 colours, and is sold online and in independent retail locations worldwide; the company has also expanded into Halal-certified, vegan makeup made in Canada. Founded almost five years ago with an initial investment of under $500, the company has sold $758,000 to date, with $140,000 in sales last year and a projected $200,000 this year.

Jim Treliving stepped back from making an offer, letting the other Dragons negotiate. Vincenzo Guzzo and Arlene Dickinson jointly offered $100,000 for 40% equity, later reduced to 30% equity, and Michele Romanow and Lane Merrifield matched with $100,000 for 40%. Manjit Minhas offered $100,000 for 10% equity plus a 5% royalty. Umar Dar and Farah Katchi accepted the reduced offer from Vincenzo Guzzo and Arlene Dickinson at $100,000 for 30%.

Tuesday in Love is still operating and sells through its website.