Season 3 · Episode 2 · pitch 3 of 3
E-Jike designs and locally manufactures electric bicycles and customized electric two-wheelers in Egypt, featuring locally produced aluminum frames and AI-powered battery management systems. It sells…
4 offers · 4 revisions
Implied valuation: the ask implied EGP 50M; the deal closed at EGP 25M, 50% below it. The founder gave away 5× the equity they asked for.
34:40 · 5 investors · tap a marker to see the quotehover over a marker for its type, investor and time; click to open the quote in the evidence panel; scroll or pinch to zoom
Closed 12.5M EGP for 50% with Ahmed El Sewedy + Ahmed Tarek Khalil: a 25M valuation, 50% below the 50M asked.
The founder gave 5.0× the equity they asked for (10% → 50%).
4 investors made 4 offers and 4 revisions. The highest valuation offered was 25M. The founder took it.
The founder countered 1 time; the final valuation is 75% above the closing investor's first offer.
The ask came 0:04 into the pitch, in the opening.
Automotive, Early sales · 4 pitches
S3 E12 · Automotive
Spare Mart is an asset-light online platform (website and mobile app) that connects car owners in Egypt with auto spare parts vendors across all car brands, offering home delivery and installment…
Asked EGP 7M for 10%
S2 E17 · Automotive
Cover Sports manufactures patented aluminum wheel covers designed to fit over steel car rims as a durable and stylish alternative to plastic hubcaps and expensive sport rims. The company targets car…
Asked EGP 7M for 25%
S2 E3 · Automotive
El Gedeed produces Green Turbo, an IoT-connected hydrogen cell device for internal combustion engines that reduces fuel consumption, maintenance costs, and carbon emissions by up to 50%. They sell…
Asked EGP 15M for 10%
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