Season 1, episode 5
Mandoobak Smart
مندوبك سمارت
Mandoobak Smart is an app that lets grocers and supermarket owners order everything their shops need from one page, at company prices and with free delivery, saving them time and effort.
Watch the pitchThe founders asked
7M EGP
for 15% · valuation 46.7M EGP
The deal
7M EGP
Mohamed Farouk and Ahmed El SewedyEquity: 35%
In short: Mandoobak Smart pitched in Season 1, episode 5. The founders asked for 7M EGP for 15%, valuing the company at 46.7M EGP. They walked away with a deal with Mohamed Farouk and Ahmed El Sewedy: 7M EGP for 35%.
Overview
Mandoobak Smart is an app that lets grocers and supermarket owners order everything their shops need from one page, at company prices and with free delivery, saving them time and effort. It started in Aswan in January 2022 and drew on its founders' 12 years of experience selling food to grocery stores; by the pitch it had reached EGP 7 million in sales. The founders also described a smart shelf that detects low stock and reorders through the app. They asked for EGP 7 million for 15%, were the first to haggle with Mohamed Farouk until he told them “take it or leave it”, and closed at EGP 7 million for 35% with Mohamed Farouk and Ahmed El Sewedy.
The pitch
Team and investors
After the show
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Frequently asked questions
What is Mandoobak Smart?
Mandoobak Smart is an app that lets grocers and supermarket owners order everything their shops need from one page, at company prices and with free delivery, saving them time and effort. It started in Aswan in January 2022 and drew on its founders' 12 years of experience selling food to grocery stores; by the pitch it had reached EGP 7 million in sales. The founders also described a smart shelf that detects low stock and reorders through the app. They asked for EGP 7 million for 15%, were the first to haggle with Mohamed Farouk until he told them “take it or leave it”, and closed at EGP 7 million for 35% with Mohamed Farouk and Ahmed El Sewedy.
Who founded Mandoobak Smart?
Mandoobak Smart was founded by Mostafa Wasfy and Mohamed El Hafez, who pitched it on Shark Tank Egypt.
When did Mandoobak Smart appear on Shark Tank Egypt?
In Season 1, episode 5 (2023).
How much did Mandoobak Smart ask for on Shark Tank Egypt?
7M EGP for 15%, valuing the company at 46.7M EGP.
Did Mandoobak Smart get a deal on Shark Tank Egypt?
Yes, with Mohamed Farouk and Ahmed El Sewedy: 7M EGP for 35%.
More questions (10)
Which shark invested in Mandoobak Smart?
Mohamed Farouk and Ahmed El Sewedy.
What is Mandoobak Smart's valuation on Shark Tank Egypt?
The final deal valued Mandoobak Smart at 20M EGP, against 46.7M EGP in the founders' ask.
Where is Mandoobak Smart based and when was it founded?
Mandoobak Smart is based in Aswan, Egypt. Founded in 2022.
What is Mandoobak Smart's website and social media?
Website: mandobaksmart.com. On Facebook and LinkedIn; links are on this page.
Where can I watch Mandoobak Smart's pitch?
The pitch from Season 1, episode 5 is on YouTube: youtube.com/watch?v=gpnL5NmRn-k
How much equity did Mandoobak Smart give up on Shark Tank Egypt?
35%, against the 15% offered in the pitch.
Did Mandoobak Smart get what it asked for on Shark Tank Egypt?
It asked for 7M EGP for 15% and closed at 7M EGP for 35%, so the valuation went from 46.7M EGP to 20M EGP.
Which episode of Shark Tank Egypt was Mandoobak Smart in?
Season 1, episode 5. Also in that episode: Tutoro, Plus Gear and Tap Tag. Details →
Which sharks did Mandoobak Smart pitch to?
The Season 1 panel: Ahmed El Sewedy, Mohamed Farouk, Hilda Louca, Mohamed Ismail Mansour, Abdallah Sallam and Ayman Abbas.
What sector is Mandoobak Smart in?
Tech. 18 other Tech startups pitched on the show. Details →
Rating & comments
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