Season 3, episode 3
El Fares
الفارس
El Fares for Agricultural Development is an Egyptian agri-biotech business that produces plant seedlings through tissue culture, a lab cloning technique.
Watch the pitchThe founders asked
5M EGP
for 15% · valuation 33.3M EGP
The deal
6.3M EGP
for 50% · Investor not named in sources
In short: El Fares pitched in Season 3, episode 3. The founders asked for 5M EGP for 15%, valuing the company at 33.3M EGP. They walked away with a deal: 6.3M EGP for 50%.
Overview
El Fares for Agricultural Development is an Egyptian agri-biotech business that produces plant seedlings through tissue culture, a lab cloning technique. Farmers often plant stock that carries disease, which cuts yields. El Fares grows plantlets from clean mother plants under sterile conditions and multiplies them in large numbers, so growers get uniform, disease-free seedlings. It also sells to farmers online through a storefront on the Agrikoshk agricultural marketplace.
The pitch
El Fares pitched its tissue-culture approach to producing disease-free seedlings at scale and asked for EGP 5 million for 15% of the company. The episode ended with all five sharks joining one deal: EGP 6.25 million for 50%, more than three times the stake the founders first offered.
Services & products
- Tissue-culture seedlingsLab-cloned, disease-free plant seedlings mass-produced from healthy mother plants for commercial farms.
- Healthy planting stock for farmersUniform, true-to-type seedlings that give growers a cleaner, more reliable start than conventional nursery stock.
- Online seedling storeFarmers can browse and order the company's products through its storefront on the Agrikoshk marketplace.
Team
We don't know the founders yet. Know them? Add them with a source.
After the show
No sourced news since the episode. Know something? Add it with a source.
Frequently asked questions
What is El Fares?
El Fares for Agricultural Development is an Egyptian agri-biotech business that produces plant seedlings through tissue culture, a lab cloning technique. Farmers often plant stock that carries disease, which cuts yields. El Fares grows plantlets from clean mother plants under sterile conditions and multiplies them in large numbers, so growers get uniform, disease-free seedlings. It also sells to farmers online through a storefront on the Agrikoshk agricultural marketplace.
When did El Fares appear on Shark Tank Egypt?
In Season 3, episode 3 (2024-2025).
How much did El Fares ask for on Shark Tank Egypt?
5M EGP for 15%, valuing the company at 33.3M EGP.
Did El Fares get a deal on Shark Tank Egypt?
Yes: 6.3M EGP for 50%.
What is El Fares's valuation on Shark Tank Egypt?
The final deal valued El Fares at 12.5M EGP, against 33.3M EGP in the founders' ask.
More questions (8)
What does El Fares offer?
Tissue-culture seedlings, Healthy planting stock for farmers and Online seedling store.
What is El Fares's website and social media?
On Facebook; links are on this page.
Where can I watch El Fares's pitch?
The pitch from Season 3, episode 3 is on YouTube: youtube.com/watch?v=SUgcuSNWFD4
How much equity did El Fares give up on Shark Tank Egypt?
50%, against the 15% offered in the pitch.
Did El Fares get what it asked for on Shark Tank Egypt?
It asked for 5M EGP for 15% and closed at 6.3M EGP for 50%, so the valuation went from 33.3M EGP to 12.5M EGP.
Which episode of Shark Tank Egypt was El Fares in?
Season 3, episode 3. Also in that episode: Fit & Fresh and AbdelAziz Elmasry. Details →
Which sharks did El Fares pitch to?
The Season 3 panel: Ahmed El Sewedy, Mohamed Farouk, Mohamed Ismail Mansour, Abdallah Sallam, Ayman Abbas, Dina Ghabbour, Ahmed Tarek Khalil, Yasseen Mansour, Mona Ataya and Noor Sweid.
What sector is El Fares in?
Agriculture. 9 other Agriculture startups pitched on the show. Details →
Rating & comments
React to the discussion to rate it, and share your view or experience. GitHub sign-in required.