Season 1, episode 2
Serket
سيركت
Serket is a scorpion farm in Qena, Upper Egypt, named after the ancient Egyptian scorpion goddess.
Watch the pitchThe founders asked
1M EGP
for 30% · valuation 3.3M EGP
The deal
1M EGP
Abdallah SallamEquity: 30%
In short: Serket pitched in Season 1, episode 2. The founders asked for 1M EGP for 30%, valuing the company at 3.3M EGP. They walked away with a deal with Abdallah Sallam: 1M EGP for 30%.
Overview
Serket is a scorpion farm in Qena, Upper Egypt, named after the ancient Egyptian scorpion goddess. Qena's intense heat makes it ideal scorpion habitat, so the creatures often spread into the streets and sting many residents. Founder Shaimaa, an agricultural engineer, set out to turn that local hazard into a resource: Serket breeds scorpions and extracts their venom for use in medicines and cosmetics, supplying pharmaceutical and cosmetics makers with a high-value raw material.
The pitch
Shaimaa came to the tank asking for EGP 1 million for 30% of Serket. She pitched while nine months pregnant, explaining how Qena's heat drives scorpions into the streets and how she extracts their toxins for medicines. In one of the episode's most memorable moments, the sharks handled live scorpions on air. She closed the deal with Abdallah Sallam at her full ask of EGP 1 million for 30%.
Services & products
- Scorpion breedingRaising scorpions on a dedicated farm in Qena, where the hot climate suits them.
- Venom extractionExtracting scorpion venom as a raw material for medicines.
- Cosmetic-grade venomSupplying scorpion venom for use in cosmetics and skincare products.
Team and investors
After the show
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Frequently asked questions
What is Serket?
Serket is a scorpion farm in Qena, Upper Egypt, named after the ancient Egyptian scorpion goddess. Qena's intense heat makes it ideal scorpion habitat, so the creatures often spread into the streets and sting many residents. Founder Shaimaa, an agricultural engineer, set out to turn that local hazard into a resource: Serket breeds scorpions and extracts their venom for use in medicines and cosmetics, supplying pharmaceutical and cosmetics makers with a high-value raw material.
Who founded Serket?
Serket was founded by Shaimaa Ahmed, who pitched it on Shark Tank Egypt.
When did Serket appear on Shark Tank Egypt?
In Season 1, episode 2 (2023).
How much did Serket ask for on Shark Tank Egypt?
1M EGP for 30%, valuing the company at 3.3M EGP.
Did Serket get a deal on Shark Tank Egypt?
Yes, with Abdallah Sallam: 1M EGP for 30%.
More questions (10)
Which shark invested in Serket?
Abdallah Sallam. Details →
What is Serket's valuation on Shark Tank Egypt?
The final deal valued Serket at 3.3M EGP, against 3.3M EGP in the founders' ask.
What does Serket offer?
Scorpion breeding, Venom extraction and Cosmetic-grade venom.
Where is Serket based and when was it founded?
Serket is based in Qena, Egypt.
Where can I watch Serket's pitch?
The pitch from Season 1, episode 2 is on YouTube: youtube.com/watch?v=CQWWwLINWi0
How much equity did Serket give up on Shark Tank Egypt?
30%, against the 30% offered in the pitch.
Did Serket get what it asked for on Shark Tank Egypt?
Yes, the deal closed on the original terms: 1M EGP for 30%.
Which episode of Shark Tank Egypt was Serket in?
Season 1, episode 2. Also in that episode: Cut X, Mawared and Akoub. Details →
Which sharks did Serket pitch to?
The Season 1 panel: Ahmed El Sewedy, Mohamed Farouk, Hilda Louca, Mohamed Ismail Mansour, Abdallah Sallam and Ayman Abbas.
What sector is Serket in?
Health. 12 other Health startups pitched on the show. Details →
Rating & comments
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