iKcon raises $5 million in pre-Series A

  • Date: 10-Aug-2020
  • Source: Wamda
  • Sector:Economy
  • Country:UAE
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iKcon raises $5 million in pre-Series A

Dubai-based cloud kitchen startup iKcon, has raised $5 million in a pre-Series A round led by Arzan VC, AlTouq Group and Nazer Group among other investors. It brings the total amount raised by the company to $10 million. 

Founded in Dubai in early 2019, by Khalid Baareh (CEO) and Kareem Abughazaleh (COO), iKcon operates 10 cloud kitchens across the UAE, with plans to expand its network of kitchens to 30.

 "One of the big issues that restaurants and food entrepreneurs face is the financial and operational burden of expanding.  Another major issue is their ability to adopt technology to improve their operational capabilities.  iKcon's business model solves both of those issues through its proprietary technology, operational know-how and a passion for quality food,“ said Khalid Baareh, co-Founder and CEO of iKcon

According to