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Nassej by Mardini (نسيج باي مارديني)

Season 2 · Episode 19 · pitch 1 of 3

The company designs, specifies, and distributes high-end upholstery and home fabrics for homes, hotels, and restaurants through its own retail branches in Egypt and exports orders abroad.

  1. Ask · EGP
    18Mfor 15%
  2. Best offer · EGP
    45Mvaluation
  3. Closed · EGP
    18Mfor 45%

3 offers · 2 revisions

Implied valuation: the ask implied EGP 120M; the deal closed at EGP 40M, 67% below it. The founder gave away 3× the equity they asked for.

The pitch, minute by minute

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32:13 · 5 investors · tap a marker to see the quote

Key takeaways

  • Closed 18M EGP for 45% with Mohamed Farouk: a 40M valuation, 67% below the 120M asked.

  • The founder gave 3.0× the equity they asked for (15% → 45%).

  • 3 investors made 3 offers and 2 revisions. The highest valuation offered was 45M. The founder did not take it.

  • The founder countered 3 times; the final valuation is 13% above the closing investor's first offer.

  • The ask came 0:27 into the pitch, in the opening.

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53 investor events, all 53 matched to what was said · 18 answers graded · 15 figures

Aired in season 2 (2023), episode 19 · We don’t host video; timestamps onlyHow the data is built

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