Season 3, episode 19
Loop
لوب
Loop is a platform for launching light-mobility services and e-scooter rentals, adapted to the Egyptian market to fill the gap in short-distance transport.
Watch the pitchThe founders asked
6M EGP
for 20% · valuation 30M EGP
The deal
10M EGP
Abdallah Sallam and Mohamed FaroukEquity: 45%
In short: Loop pitched in Season 3, episode 19. The founders asked for 6M EGP for 20%, valuing the company at 30M EGP. They walked away with a deal with Abdallah Sallam and Mohamed Farouk: 10M EGP for 45%.
Overview
Loop is a platform for launching light-mobility services and e-scooter rentals, adapted to the Egyptian market to fill the gap in short-distance transport. Through the loop Scooter Egypt app, riders sign up with a phone number and unlock shared electric scooters for first- and last-mile trips, with a free trial ride to start. Founders Moataz El-Wasimy and Mohamed El-Sheikh asked for EGP 6 million for 20%. On the show it closed a deal with Abdallah Sallam and Mohamed Farouk for EGP 10 million for 45%.
The pitch
Team and investors
After the show
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Frequently asked questions
What is Loop?
Loop is a platform for launching light-mobility services and e-scooter rentals, adapted to the Egyptian market to fill the gap in short-distance transport. Through the loop Scooter Egypt app, riders sign up with a phone number and unlock shared electric scooters for first- and last-mile trips, with a free trial ride to start. Founders Moataz El-Wasimy and Mohamed El-Sheikh asked for EGP 6 million for 20%. On the show it closed a deal with Abdallah Sallam and Mohamed Farouk for EGP 10 million for 45%.
Who founded Loop?
Loop was founded by Moataz El-Wasimy and Mohamed El-Sheikh, who pitched it on Shark Tank Egypt.
When did Loop appear on Shark Tank Egypt?
In Season 3, episode 19 (2024-2025).
How much did Loop ask for on Shark Tank Egypt?
6M EGP for 20%, valuing the company at 30M EGP.
Did Loop get a deal on Shark Tank Egypt?
Yes, with Abdallah Sallam and Mohamed Farouk: 10M EGP for 45%.
More questions (9)
Which shark invested in Loop?
Abdallah Sallam and Mohamed Farouk.
What is Loop's valuation on Shark Tank Egypt?
The final deal valued Loop at 22.2M EGP, against 30M EGP in the founders' ask.
What is Loop's website and social media?
On Facebook and App Store; links are on this page.
Where can I watch Loop's pitch?
The pitch from Season 3, episode 19 is on YouTube: youtube.com/watch?v=eCKivFRUTR0
How much equity did Loop give up on Shark Tank Egypt?
45%, against the 20% offered in the pitch.
Did Loop get what it asked for on Shark Tank Egypt?
It asked for 6M EGP for 20% and closed at 10M EGP for 45%, so the valuation went from 30M EGP to 22.2M EGP.
Which episode of Shark Tank Egypt was Loop in?
Season 3, episode 19. Also in that episode: UP FUSE, Bubble Store and Raseedi. Details →
Which sharks did Loop 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 Loop in?
Tech. 18 other Tech startups pitched on the show. Details →
Rating & comments
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