Chi'Lantro secures $600,000 in capital

It's the latest success story for a local business. Austin-based Chi'Lantro has landed a big deal after appearing on the show "Shark Tank".

Founder Jae Kim received the deal from business expert and real estate mogul Barbara Corcoran. Corcoran was impressed by Kim's drive and the successful growth of his business since it started in 2010. She offered $600,000 for 20 percent equity which Kim accepted.

In a news release Kim says, ""Barbara is the perfect person for Chi'Lantro's growth. She values the culture of Chi'Lantro and sees and trusts my vision to grow our company into a billion dollar company. Barbara grew her company from having nothing, so she was able to relate how I continue to grow my company today."

Kim says he plans to use the funding to continue expansion throughout Texas and beyond.

The Korean BBQ-inspired restaurant concept started as one food truck and has expanded to four brick and mortar locations across Austin, a full service catering department and a homemade kimchi facility. Its signature dish is its Kimchi Fries.

You can get more information about Chi'Lantro here.

 

Up Next:


  • Popular

  • Recent

WATCH FOX 7 NEWS LIVE

FOX 7 News streams at the following times (all times Central):


Monday - Friday

4:30 a.m. - 10 a.m.

12 p.m. - 12:30 p.m.

5 p.m. - 6 p.m.

9 p.m. - 10:30 p.m.

Saturday

6 a.m. - 8 a.m.

6 p.m. to 6:30 p.m.

9 p.m. to 10 p.m.

Sunday

6 a.m. - 8 a.m.

5 p.m. to 5:30 p.m.

9 p.m. to 10 p.m.



Schedule subject to change in the event of network sports coverage.

We also stream press conferences and other breaking news coverage from time to time. When we are not in a live newscast, you will see replays of the most recent broadcast.

To enter full screen Mode click the button.

For closed captioning, click on the button while in full screen mode.

Desktop/tablet users: To choose the stream's video quality, click on the button (while in full screen mode) and choose from 432p or 270p.

Mobile users:The video quality default is to your phone's settings.

Please allow time for buffering. If the stream stalls, refresh your browser. Thanks for watching

Stories You May Be Interested In - Includes Advertiser Stories