Season 1, episode 8
Cosmos Bionics
كوزموس بايونيكس
Cosmos Bionics is an Alexandria startup, founded in 2022, that builds a lightweight powered exoskeleton to help people who have lost mobility stand and walk.
Watch the pitchThe founders asked
3M EGP
for 10% · valuation 30M EGP
The deal
3M EGP
Ayman AbbasEquity: 10%
In short: Cosmos Bionics pitched in Season 1, episode 8. The founders asked for 3M EGP for 10%, valuing the company at 30M EGP. They walked away with a deal with Ayman Abbas: 3M EGP for 10%.
Overview
Cosmos Bionics is an Alexandria startup, founded in 2022, that builds a lightweight powered exoskeleton to help people who have lost mobility stand and walk. The Cosmos is a lower-body hip-and-knee suit driven by motors in the joints and steered by the user shifting their posture; the company says it is the first powered exoskeleton developed in Egypt. It addresses a need it puts at over 2 million Egyptians and 500 million people worldwide. CEO Mina Ashraf's pitch moved the sharks, and the founders closed a deal with Ayman Abbas for EGP 3 million for 10%, earmarked for research and ISO 13485 and CE certification.
The pitch
Team and investors
After the show
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Frequently asked questions
What is Cosmos Bionics?
Cosmos Bionics is an Alexandria startup, founded in 2022, that builds a lightweight powered exoskeleton to help people who have lost mobility stand and walk. The Cosmos is a lower-body hip-and-knee suit driven by motors in the joints and steered by the user shifting their posture; the company says it is the first powered exoskeleton developed in Egypt. It addresses a need it puts at over 2 million Egyptians and 500 million people worldwide. CEO Mina Ashraf's pitch moved the sharks, and the founders closed a deal with Ayman Abbas for EGP 3 million for 10%, earmarked for research and ISO 13485 and CE certification.
Who founded Cosmos Bionics?
Cosmos Bionics was founded by Mina Ashraf and Gihan Abdallah, who pitched it on Shark Tank Egypt.
When did Cosmos Bionics appear on Shark Tank Egypt?
In Season 1, episode 8 (2023).
How much did Cosmos Bionics ask for on Shark Tank Egypt?
3M EGP for 10%, valuing the company at 30M EGP.
Did Cosmos Bionics get a deal on Shark Tank Egypt?
Yes, with Ayman Abbas: 3M EGP for 10%.
More questions (10)
Which shark invested in Cosmos Bionics?
Ayman Abbas. Details →
What is Cosmos Bionics's valuation on Shark Tank Egypt?
The final deal valued Cosmos Bionics at 30M EGP, against 30M EGP in the founders' ask.
Where is Cosmos Bionics based and when was it founded?
Cosmos Bionics is based in Alexandria, Egypt. Founded in 2022.
What is Cosmos Bionics's website and social media?
On Facebook, Instagram and YouTube; links are on this page.
Where can I watch Cosmos Bionics's pitch?
The pitch from Season 1, episode 8 is on YouTube: youtube.com/watch?v=9s4HAK7_Taw
How much equity did Cosmos Bionics give up on Shark Tank Egypt?
10%, against the 10% offered in the pitch.
Did Cosmos Bionics get what it asked for on Shark Tank Egypt?
Yes, the deal closed on the original terms: 3M EGP for 10%.
Which episode of Shark Tank Egypt was Cosmos Bionics in?
Season 1, episode 8. Also in that episode: Sporty Pro and Evica. Details →
Which sharks did Cosmos Bionics pitch to?
The Season 1 panel: Ahmed El Sewedy, Mohamed Farouk, Hilda Louca, Mohamed Ismail Mansour, Abdallah Sallam and Ayman Abbas.
What sector is Cosmos Bionics in?
Health. 12 other Health startups pitched on the show. Details →
Rating & comments
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