Dukkantek secures $10 million Pre-Series A funding

  • Date: 15-Aug-2022
  • Source: Wamda
  • Sector:Technology
  • Country:UAE
  • Who else needs to know?

Dukkantek secures $10 million Pre-Series A funding

UAE-based store management platform Dukkantek, has raised a $10 million pre-Series A funding round, led by BECO Capital with significant participation from Rocketship and Colle Capital. Other strategic investors in the round included Comma Capital, AMK Investment Office, Chaos Ventures, and Wamda Capital.

Founded in January 2021 by Sanad Yaghi, Shadi Joulani and Ali Alsayegh, Dukkantek aims to strengthen local community stores through digital transformations and end-to-end technology to improve business processes.

The funding round follows the startup's $5.2 million Seed round in October 2021, in which Wamda participated, taking its total funds raised to $15.2 million. This round will support Dukkantek's geographical expansion, increase the team size and further advance its technology.

Press release:

Dukkantek, the United Arab Emirates’ first revolutionary store management platform, announces a $10 million pre-Series A funding round as it powers the digital ecosystem for 13 million SMB retailers across the UAE, Oman, Qatar, Kuwait, Bahrain, Turkey, Saudi Arabia and searches for opportunities in North Africa, making it the second round of investment this year.

Dukkantek was born entirely bootstrapped by three Co-Founders, Sanad Yaghi, Shadi Joulani and Ali Alsayegh, in January 2021 to enable traditional merchants to compete in the evolving digital world. The platform offers advanced in-store boxes