Egyptian proptech startup Aqar Exit has raised EGP 10 million, about $200,000, from businessman Ayman Mamdouh Abbas, executive chairman of Intro Holding Group. The deal gives him a 10% stake and values the company at roughly EGP 100 million, or about $2 million.
What Aqar Exit does
The company was founded in July 2026 by Mahmoud Ammar, who serves as chairman and CEO. Its platform handles the transfer of property purchase contracts. A buyer who can no longer keep up with instalments on a unit can hand the contract to a new buyer and recover what has already been paid. The new buyer takes over the unit at the original contract price. The company says sellers pay no assignment fees and buyers avoid the resale premiums common in the market. The platform deals in contract transfers, not primary property sales.
How the funding will be used
Ammar says the fresh capital will go towards new product launches and expansion into foreign markets, with the Gulf region as the main target. The investment follows the startup’s appearance on the fifth season of Shark Tank Egypt, where it pitched its business model.
The 2027 plan
Aqar Exit intends to raise about $5 million in 2027. It is seeking Egyptian and international investors, business figures and investment funds to back its regional growth.
Why it matters
Instalment-based property purchases are common in Egypt, and buyers who overextend often have few clean ways out. A marketplace that matches them with new buyers at the original price addresses a real pain point. The wide gap between buyer interest and available units also suggests the platform has found demand, though converting that interest into completed deals will be the real test.
What to watch
Aqar Exit now has to show that its growth holds up as it adds products and moves beyond Egypt. A Gulf launch will bring different property rules and payment habits, and the 2027 round will show how outside investors value a platform that is barely a year old.
