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.


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