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Target Egypt (تارجت ايجيبت)

Season 3 · Episode 6 · pitch 2 of 3

Target Egypt manufactures anti-shoplifting security systems, including gates, hard tags, soft labels, and deactivators, as well as introducing RFID technology. The company sells primarily B2B to…

  1. Ask · EGP
    8.5Mfor 30%
  2. Best offer · EGP
    17Mvaluation
  3. Closed · EGP
    8.5Mfor 50%

2 offers · 1 joint · 1 revision

Implied valuation: the ask implied EGP 28.3M; the deal closed at EGP 17M, 40% below it. The founder gave away 1.7× the equity they asked for.

The pitch, minute by minute

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17:29 · 4 investors · tap a marker to see the quote

Key takeaways

  • Closed 8.5M EGP for 50% with Mohamed Farouk + Ayman Abbas: a 17M valuation, 40% below the 28.33M asked.

  • The founder gave 1.7× the equity they asked for (30% → 50%).

  • 2 investors made 2 offers (1 joint) and 1 revision. The highest valuation offered was 17M. The founder took it.

  • The ask came 1:06 into the pitch, in the opening.

  • The opening covered, in order: ask, team, product solution, personal story, problem, market size, traction numbers, vision.

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Pitches like this

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Hardware & robotics, Established · 3 pitches

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    S5 E10 · Hardware & robotics

    ESAC Automation provides industrial automation, PLC system integration, hardware and software upgrades, and custom AI solutions to factories in Egypt and 15 other countries to modernize production…

    Asked EGP 40M for 10%

    No deal

    2 of 5 went out

  • Interact

    S2 E11 · Hardware & robotics

    Interact produces and sells Tekked, a hardware device and pen that converts any standard TV screen, projector, or whiteboard into an interactive touch surface, alongside an online marketplace for…

    Ask not stated

    No deal

    All 5 went out

  • EFICA

    S1 E8 · Hardware & robotics

    EFICA manufactures and operates Wi-Fi and remote-controlled robots designed to clean solar panels on ground stations and solar street light poles. It sells the robots directly to customers and also…

    Asked EGP 4.5M for 10%

    No deal

    3 of 5 went out

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54 investor events, all 54 matched to what was said · 25 answers graded · 12 figures

Aired in season 3 (2024), episode 6 · We don’t host video; timestamps onlyHow the data is built

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