Season 2, episode 7
Rnkl
رنكل
Rnkl is a homegrown brand founded by architects Omar Al-Tawansy and Mazen Moussa that turns recycled paper into light, foldable origami-style furniture, an eco-minded alternative for the Egyptian market.
Watch the pitchThe founders asked
1.2M EGP
for 25% · valuation 4.8M EGP
The deal
1.2M EGP
Ahmed El Sewedy and Ayman AbbasEquity: 40%
In short: Rnkl pitched in Season 2, episode 7. The founders asked for 1.2M EGP for 25%, valuing the company at 4.8M EGP. They walked away with a deal with Ahmed El Sewedy and Ayman Abbas: 1.2M EGP for 40%.
Overview
Rnkl is a homegrown brand founded by architects Omar Al-Tawansy and Mazen Moussa that turns recycled paper into light, foldable origami-style furniture, an eco-minded alternative for the Egyptian market. Its range includes beds, benches, stools and low and high tables, and it made the cardboard seating for the Thailand pavilion at COP27 in Sharm El Sheikh in 2022. On Shark Tank it asked for EGP 1.2 million for 25% and closed a deal with Ahmed El Sewedy and Ayman Abbas for the same amount at 40%.
The pitch
Team and investors
After the show
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Frequently asked questions
What is Rnkl?
Rnkl is a homegrown brand founded by architects Omar Al-Tawansy and Mazen Moussa that turns recycled paper into light, foldable origami-style furniture, an eco-minded alternative for the Egyptian market. Its range includes beds, benches, stools and low and high tables, and it made the cardboard seating for the Thailand pavilion at COP27 in Sharm El Sheikh in 2022. On Shark Tank it asked for EGP 1.2 million for 25% and closed a deal with Ahmed El Sewedy and Ayman Abbas for the same amount at 40%.
Who founded Rnkl?
Rnkl was founded by Omar Al-Tawansy and Mazen Moussa, who pitched it on Shark Tank Egypt.
When did Rnkl appear on Shark Tank Egypt?
In Season 2, episode 7 (2023-2024).
How much did Rnkl ask for on Shark Tank Egypt?
1.2M EGP for 25%, valuing the company at 4.8M EGP.
Did Rnkl get a deal on Shark Tank Egypt?
Yes, with Ahmed El Sewedy and Ayman Abbas: 1.2M EGP for 40%.
More questions (9)
Which shark invested in Rnkl?
Ahmed El Sewedy and Ayman Abbas.
What is Rnkl's valuation on Shark Tank Egypt?
The final deal valued Rnkl at 3M EGP, against 4.8M EGP in the founders' ask.
What is Rnkl's website and social media?
On Facebook and LinkedIn; links are on this page.
Where can I watch Rnkl's pitch?
The pitch from Season 2, episode 7 is on YouTube: youtube.com/watch?v=DY6QUkrt-0A
How much equity did Rnkl give up on Shark Tank Egypt?
40%, against the 25% offered in the pitch.
Did Rnkl get what it asked for on Shark Tank Egypt?
It asked for 1.2M EGP for 25% and closed at 1.2M EGP for 40%, so the valuation went from 4.8M EGP to 3M EGP.
Which episode of Shark Tank Egypt was Rnkl in?
Season 2, episode 7. Also in that episode: Rawmart and Soccer Hub. Details →
Which sharks did Rnkl pitch to?
The Season 2 panel: Ahmed El Sewedy, Mohamed Farouk, Mohamed Ismail Mansour, Abdallah Sallam, Ayman Abbas, Dina Ghabbour, Ahmed Tarek Khalil and Hend Sabry.
What sector is Rnkl in?
Home. 21 other Home startups pitched on the show. Details →
Rating & comments
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