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TAP

Season 3 · Episode 10 · pitch 3 of 3

TAP provides a digital networking platform consisting of NFC-enabled and QR-code physical cards and products, a mobile app with freemium subscriptions for individuals, and a management dashboard (Tap…

  1. Ask · EGP
    15Mfor 30%
  2. Best offer · EGP
    11.8Mvaluation
  3. Closed · EGP
    6Mfor 51%

3 offers · 2 joint · 2 revisions

Implied valuation: the ask implied EGP 50M; the deal closed at EGP 11.8M, 76% below it. The founder gave away 1.7× the equity they asked for.

The pitch, minute by minute

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28:22 · 4 investors · tap a marker to see the quote

Key takeaways

  • Closed 6M EGP for 51% with Mohamed Farouk + Ahmed Tarek Khalil + Abdullah Sallam: a 11.76M valuation, 76% below the 50M asked.

  • The founder gave 1.7× the equity they asked for (30% → 51%).

  • 3 investors made 3 offers (2 joint) and 2 revisions. The highest valuation offered was 11.76M. The founder took it.

  • The founder countered 2 times; the final valuation equals the closing investor's first offer.

  • The ask came 0:05 into the pitch, in the opening.

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51 investor events, all 51 matched to what was said · 21 answers graded · 28 figures

Aired in season 3 (2024), episode 10 · We don’t host video; timestamps onlyHow the data is built

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