A new exciting episode of “Shark Tank Egypt” in its second season was aired. In this episode, Ibrahim Othman and Mohamed Adam presented their project “Rawmart,” an online marketplace specializing in products and supplies for the construction and contracting sector. The founders asked for 15 million Egyptian pounds in exchange for 10% of the company shares, noting that the platform currently serves 10,000 customers and expects to achieve profits of 50 million pounds by 2026. Investor Mohamed Farouk offered 20 million pounds for 40% of the company shares, while Ayman Abbas offered 15 million for 25%, which the founders eventually accepted.
On another note, Mohamed Said presented his project “Soccer hub,” a football-simulating game using technology and made from local materials. Said requested an investment of 2 million pounds for 20% of the company shares, but the investors made no offers.
Finally, Omar El-Tawansi and Mazen Moussa presented their project “Rnkl,” focusing on recycling paper and using it in furniture manufacturing. They requested 1.2 million pounds for 25% of the shares. El-Swedi and Ayman Abbas made a joint offer of the requested amount for 40% of the company shares, which the founders accepted.
This episode clearly demonstrates the diversity and innovation in the Egyptian market, offering great examples for ambitious entrepreneurs looking to turn their ideas into reality.