Cloud kitchen operator Ikcon eyes Saudi expansion after $10m funding raise

Cloud kitchen operator Ikcon eyes Saudi expansion after $10m funding raise

Ikcon has plans to grow its network to 30 cloud kitchens in the near future

Dubai-based cloud kitchen operato Ikcon has successfully raised $10 million of funding, including a recently closed pre-series A round of $5 million led by Arzan VC, AlTouq Group and Nazer Group among other reputable investors.

Ikcon was founded in Dubai in early 2019, by Khalid Baareh and Kareem Abughazaleh, to address the growing demand for food delivery across the Middle East.

Currently Ikcon operates ten cloud kitchens across the UAE with plans to start operations in Saudi Arabia in Q4 2020 and other countries in the region throughout 2021.

Ikcon has plans to grow its network to thirty cloud kitchens in the near future.

Khalid Baareh, co-founder and CEO, said plans are in place to launch Ikcon's Series A round