Season 1, episode 11
Labtronic
لابترونيك
Labtronic is an Egyptian manufacturer that designs and builds educational lab equipment for engineering faculties and technical schools.
Watch the pitchThe founders asked
5M EGP
for 10% · valuation 50M EGP
The deal
5M EGP
Ahmed El SewedyEquity: 35%
In short: Labtronic pitched in Season 1, episode 11. The founders asked for 5M EGP for 10%, valuing the company at 50M EGP. They walked away with a deal with Ahmed El Sewedy: 5M EGP for 35%.
Overview
Labtronic is an Egyptian manufacturer that designs and builds educational lab equipment for engineering faculties and technical schools. It gives students hands-on training rigs that are made locally, so institutions do not have to rely only on imported equipment. The company has also grown beyond Egypt and holds export contracts with Saudi Arabia. Founders Mostafa Elewa and Ahmed Nassar brought the business to Shark Tank Egypt to fund further growth.
The pitch
Mostafa Elewa and Ahmed Nassar asked for EGP 5 million for 10% of Labtronic. They pitched a locally made alternative for engineering education labs and pointed to their export contracts with Saudi Arabia. They closed a deal with Ahmed El Sewedy for the full EGP 5 million, but for 35% equity.
Services & products
- Engineering faculty lab equipmentDesigns and builds educational lab rigs for university engineering faculties.
- Technical school training kitsSupplies hands-on lab equipment for technical and vocational schools.
- Equipment exportExports its educational lab equipment under contracts with Saudi Arabia.
Team and investors
After the show
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Frequently asked questions
What is Labtronic?
Labtronic is an Egyptian manufacturer that designs and builds educational lab equipment for engineering faculties and technical schools. It gives students hands-on training rigs that are made locally, so institutions do not have to rely only on imported equipment. The company has also grown beyond Egypt and holds export contracts with Saudi Arabia. Founders Mostafa Elewa and Ahmed Nassar brought the business to Shark Tank Egypt to fund further growth.
Who founded Labtronic?
Labtronic was founded by Mostafa Elewa and Ahmed Nassar, who pitched it on Shark Tank Egypt.
When did Labtronic appear on Shark Tank Egypt?
In Season 1, episode 11 (2023).
How much did Labtronic ask for on Shark Tank Egypt?
5M EGP for 10%, valuing the company at 50M EGP.
Did Labtronic get a deal on Shark Tank Egypt?
Yes, with Ahmed El Sewedy: 5M EGP for 35%.
More questions (10)
Which shark invested in Labtronic?
Ahmed El Sewedy. Details →
What is Labtronic's valuation on Shark Tank Egypt?
The final deal valued Labtronic at 14.3M EGP, against 50M EGP in the founders' ask.
What does Labtronic offer?
Engineering faculty lab equipment, Technical school training kits and Equipment export.
What is Labtronic's website and social media?
On LinkedIn and Facebook; links are on this page.
Where can I watch Labtronic's pitch?
The pitch from Season 1, episode 11 is on YouTube: youtube.com/watch?v=kSmTE7xif0Y
How much equity did Labtronic give up on Shark Tank Egypt?
35%, against the 10% offered in the pitch.
Did Labtronic get what it asked for on Shark Tank Egypt?
It asked for 5M EGP for 10% and closed at 5M EGP for 35%, so the valuation went from 50M EGP to 14.3M EGP.
Which episode of Shark Tank Egypt was Labtronic in?
Season 1, episode 11. Also in that episode: I Ape, Schoolz and Asfoura. Details →
Which sharks did Labtronic pitch to?
The Season 1 panel: Ahmed El Sewedy, Mohamed Farouk, Hilda Louca, Mohamed Ismail Mansour, Abdallah Sallam and Ayman Abbas.
What sector is Labtronic in?
Education. 10 other Education startups pitched on the show. Details →
Rating & comments
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