Rachels Dragons Den story

Not everyone saw it at first, and it wasn't easy, but it was certainly dramatic. The outcome? Changed everything for Rachel, and her business. Find out how happened.

How we got there

Before the Den...

I wasn’t supposed to do anything remarkable. So I did anyway. In 2008, I walked into the Den with very little going for me on paper. I had no patents, no real trading history, no experience in the packaging industry, and I had never run a business before. The business was starting to grow, but I did not go on the show because I needed the money. In fact, I did not even apply. My business partner at the time had decided he wanted to return to his broadcasting career. Rather than simply stepping away, he came up with a plan. He applied to Dragons’ Den without telling me. If we got on and secured investment, I would have new business partners and he could leave. I only found out when the BBC called and asked what we wanted the investment for. His advice to me was simple. “Blag it.”
How it started

Walking In...

Walking into the Den, I was not terrified. I did not think we had much chance, so there was nothing to lose. I just did not want to come across as a complete idiot. What most people do not realise is how exposed you are. You are not allowed notes or paperwork. Every number, every margin, every detail has to live in your head. Before you even step in front of the Dragons, you are kept in a green room for hours with no access to them, so there is no chance to build rapport or soften the ground. Then you walk in and it begins, and it goes on far longer than anyone watching at home realises.
Building Momentum

It wasn't anything like I thought...

Even the setting is not quite what it looks like. Our series was filmed at Pinewood Studios. There was no grand staircase. That was filmed separately purely for the camera. The piles of cash on the desks are props. And the deal you see agreed on television is not a deal at all. It is a verbal agreement, subject to due diligence, and many never make it past that stage. At the time, none of that crosses your mind. You are just trying to stay standing. What followed was hours of questioning. Relentless, direct, and at times brutal. We were challenged on everything: the business, the margins, the model, and the future of the industry. At that point, even the idea that sustainable packaging could become mainstream was dismissed. It was not comfortable.
Mission Accomplished!

We got it!

In the end, I secured investment from Peter Jones and Theo Paphitis: £60,000 for 40 percent of the company. At the time, I was incredibly grateful. Someone believed in the business and someone believed in me. When you are starting out, that belief is powerful.
Then things changed

Growth came next...

What Dragons’ Den gave me was not money. It gave me credibility. Almost overnight, people started to notice the business. Not in a loud, headline-grabbing way, but in a steady, meaningful one. Traffic increased, enquiries increased, and the business started to move. And then the real work began. Because what people think Dragons’ Den does and what it actually does are very different things. People assume mentorship, connections, and doors opening. The reality is much simpler. You still have to build the business yourself. After the show aired, everything accelerated faster than I was ready for. At times, it felt like being pushed down a black ski slope with no idea how to ski and no clear sense of where the bottom was. There was speed, but very little control. From the outside, it looked like overnight success. It wasn’t. For years, I paid myself a minimal salary while trying to keep up with the growth and learn fast enough not to break the business. Every decision mattered and every mistake was mine to fix.

Coming back to reality.

Looking back, Dragons’ Den taught me more than any textbook ever could. I should have done more research, had more confidence in the value of the business, and understood my worth before walking into that room. I was so grateful for the opportunity that I accepted the deal without fully appreciating what I was giving away.

But would I change it? No. Because it gave me something far more valuable than investment. It showed me what I was capable of and proved that, with or without backing, I could build something that worked.

Television made it look like I’d made it. Real life was where the work started.

You don’t need everyone to believe in what you’re building. You just need the right people to see it… and the conviction to keep going when they don’t.

Watch Rachel on Dragons Den

Watch Rachel's tense moment in the den.

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Where it led

Since appearing on Dragons’ Den, Rachel has gone on to build one of the most successful businesses to come out of the show, with her original investors seeing significant returns on their investment.

Tiny Box Company

Learn more about the business behind the pitch

Tiny Box Company →

About Rachel

Explore Rachel's journey →

About Rachel →

See her work today

From packaging to personal memoirs, see Rachels work thus far.

See Rachel's Portfolio →

Get to know Rachel

When did Rachel Watkyn appear on Dragons’ Den?

Rachel appeared on Dragons’ Den in 2008, pitching her sustainable packaging business, Tiny Box Company.

Did Rachel Watkyn get investment on Dragons’ Den?

Yes, she secured £60,000 investment from Peter Jones and Theo Paphitis in exchange for a 40% stake in the business.

What did the Dragons think of her idea?

While some Dragons were sceptical and critical, others recognised the long-term potential of sustainable packaging.

What happened after Dragons’ Den?

Tiny Box Company went on to become one of the UK’s leading sustainable packaging businesses, generating millions in revenue and serving a wide range of customers.

Is Rachel Watkyn one of the most successful Dragons’ Den entrepreneurs?

Yes, she is widely regarded as one of the most successful female entrepreneurs to come out of the show.