Season 1, episode 4
Fairclo
فيركلو
Fairclo is an Egyptian online marketplace built around a simple idea: the things you no longer need still have value to someone else.
Watch the pitchThe founders asked
2M EGP
for 5% · valuation 40M EGP
The deal
2M EGP
Ayman Abbas and Ahmed El SewedyEquity: 30%
In short: Fairclo pitched in Season 1, episode 4. The founders asked for 2M EGP for 5%, valuing the company at 40M EGP. They walked away with a deal with Ayman Abbas and Ahmed El Sewedy: 2M EGP for 30%.
Overview
Fairclo is an Egyptian online marketplace built around a simple idea: the things you no longer need still have value to someone else. Users can list any unwanted product and choose to sell it, buy from others, or swap it for something they actually want, keeping usable items in circulation instead of in storage. Founded by Mohamed El Kholy, Fairclo pitched in Season 1 of Shark Tank Egypt and closed a deal with Ayman Abbas and Ahmed El Sewedy.
The pitch
Founder Mohamed El Kholy pitched Fairclo, a marketplace for selling, buying and swapping unwanted products, in Season 1, Episode 4, asking for EGP 2 million for 5% equity. He left with a deal from Ayman Abbas and Ahmed El Sewedy for the full EGP 2 million, but in exchange for 30% of the company.
Services & products
- Sell unused itemsList any product you no longer need and sell it to other users on the platform.
- Buy pre-owned productsBrowse items listed by other people and buy what you need.
- Swap productsTrade an item you no longer use for something another user is offering.
Team and investors
After the show
No sourced news since the episode. Know something? Add it with a source.
Frequently asked questions
What is Fairclo?
Fairclo is an Egyptian online marketplace built around a simple idea: the things you no longer need still have value to someone else. Users can list any unwanted product and choose to sell it, buy from others, or swap it for something they actually want, keeping usable items in circulation instead of in storage. Founded by Mohamed El Kholy, Fairclo pitched in Season 1 of Shark Tank Egypt and closed a deal with Ayman Abbas and Ahmed El Sewedy.
Who founded Fairclo?
Fairclo was founded by Mohamed El Kholy, who pitched it on Shark Tank Egypt.
When did Fairclo appear on Shark Tank Egypt?
In Season 1, episode 4 (2023).
How much did Fairclo ask for on Shark Tank Egypt?
2M EGP for 5%, valuing the company at 40M EGP.
Did Fairclo get a deal on Shark Tank Egypt?
Yes, with Ayman Abbas and Ahmed El Sewedy: 2M EGP for 30%.
More questions (9)
Which shark invested in Fairclo?
Ayman Abbas and Ahmed El Sewedy.
What is Fairclo's valuation on Shark Tank Egypt?
The final deal valued Fairclo at 6.7M EGP, against 40M EGP in the founders' ask.
What does Fairclo offer?
Sell unused items, Buy pre-owned products and Swap products.
Where can I watch Fairclo's pitch?
The pitch from Season 1, episode 4 is on YouTube: youtube.com/watch?v=3yXjVAe2sug
How much equity did Fairclo give up on Shark Tank Egypt?
30%, against the 5% offered in the pitch.
Did Fairclo get what it asked for on Shark Tank Egypt?
It asked for 2M EGP for 5% and closed at 2M EGP for 30%, so the valuation went from 40M EGP to 6.7M EGP.
Which episode of Shark Tank Egypt was Fairclo in?
Season 1, episode 4. Also in that episode: Agrcology, Scoopy Scooters and Amwal. Details →
Which sharks did Fairclo pitch to?
The Season 1 panel: Ahmed El Sewedy, Mohamed Farouk, Hilda Louca, Mohamed Ismail Mansour, Abdallah Sallam and Ayman Abbas.
What sector is Fairclo in?
Retail. 11 other Retail 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.