Season 2, episode 5
Simplex
سيمبلكس
Simplex designs and manufactures computer-controlled (CNC) machines such as routers, plasma cutters, fiber lasers and milling machines.
Watch the pitchThe founders asked
50M EGP
for 6% · valuation 833.3M EGP
The deal
50M EGP
Ahmed Tarek Khalil, Mohamed Farouk and Ahmed El SewedyEquity: 27.5%
In short: Simplex pitched in Season 2, episode 5. The founders asked for 50M EGP for 6%, valuing the company at 833.3M EGP. They walked away with a deal with Ahmed Tarek Khalil, Mohamed Farouk and Ahmed El Sewedy: 50M EGP for 27.5%.
Overview
Simplex designs and manufactures computer-controlled (CNC) machines such as routers, plasma cutters, fiber lasers and milling machines. It began as Ahmed Shaaban's graduation project at Minya University and now serves more than 4,500 customers in over 30 countries across Africa, Europe and the Middle East. In 2025 it raised $13 million led by Saudi Arabia's National Industrial Development Centre, and in July 2026 it opened a 40,000 m² second factory in 10th of Ramadan City, lifting capacity to 1,500 machines a year. On Shark Tank, Shaaban asked for EGP 50 million for 6%, then the largest ask the show had seen. Ahmed Tarek, Mohamed Farouk and Ahmed El Sewedy made a joint offer, and the two sides agreed on EGP 50 million for 27.5%. Shaaban later told Enterprise that talks with El Sewedy after the show were not completed because they disagreed on the size of the stake.
The pitch
Team and investors
After the show
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Frequently asked questions
What is Simplex?
Simplex designs and manufactures computer-controlled (CNC) machines such as routers, plasma cutters, fiber lasers and milling machines. It began as Ahmed Shaaban's graduation project at Minya University and now serves more than 4,500 customers in over 30 countries across Africa, Europe and the Middle East. In 2025 it raised $13 million led by Saudi Arabia's National Industrial Development Centre, and in July 2026 it opened a 40,000 m² second factory in 10th of Ramadan City, lifting capacity to 1,500 machines a year. On Shark Tank, Shaaban asked for EGP 50 million for 6%, then the largest ask the show had seen. Ahmed Tarek, Mohamed Farouk and Ahmed El Sewedy made a joint offer, and the two sides agreed on EGP 50 million for 27.5%. Shaaban later told Enterprise that talks with El Sewedy after the show were not completed because they disagreed on the size of the stake.
Who founded Simplex?
Simplex was founded by Ahmed Shaaban, who pitched it on Shark Tank Egypt.
When did Simplex appear on Shark Tank Egypt?
In Season 2, episode 5 (2023-2024).
How much did Simplex ask for on Shark Tank Egypt?
50M EGP for 6%, valuing the company at 833.3M EGP.
Did Simplex get a deal on Shark Tank Egypt?
Yes, with Ahmed Tarek Khalil, Mohamed Farouk and Ahmed El Sewedy: 50M EGP for 27.5%.
More questions (10)
Which shark invested in Simplex?
Ahmed Tarek Khalil, Mohamed Farouk and Ahmed El Sewedy.
What is Simplex's valuation on Shark Tank Egypt?
The final deal valued Simplex at 181.8M EGP, against 833.3M EGP in the founders' ask.
Where is Simplex based and when was it founded?
Simplex is based in 10th of Ramadan City, Egypt.
What is Simplex's website and social media?
On LinkedIn, Facebook and YouTube; links are on this page.
Where can I watch Simplex's pitch?
The pitch from Season 2, episode 5 is on YouTube: youtube.com/watch?v=5V8xd4-2t84
How much equity did Simplex give up on Shark Tank Egypt?
27.5%, against the 6% offered in the pitch.
Did Simplex get what it asked for on Shark Tank Egypt?
It asked for 50M EGP for 6% and closed at 50M EGP for 27.5%, so the valuation went from 833.3M EGP to 181.8M EGP.
Which episode of Shark Tank Egypt was Simplex in?
Season 2, episode 5. Also in that episode: Shelter and Dr. Joy. Details →
Which sharks did Simplex 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 Simplex in?
Manufacturing. 13 other Manufacturing startups pitched on the show. Details →
Rating & comments
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