“We Got Funded!”: Dukkantek Secures US$10 Million In A Pre-Series A Funding Round To Further Its Mission Of Digitally Empowering More SMEs In The MENA

“We Got Funded!”: Dukkantek Secures US$10 Million In A Pre-Series A Funding Round To Further Its Mission Of Digitally Empowering More SMEs In The MENA

UAE-based online store management platform Dukkantek has raised US$10 million in a pre-Series A funding round led by Dubai-based venture capital firm BECO Capital. The round also saw the participation of California-headquartered early-stage venture capital fund Rocketship, as well as London-based early-stage technology venture fund Colle Capital, with other strategic investors in the round including Comma Capital, AMK Investment Office, Chaos Ventures, and Wamda Capital.

A platform that launched in the midst of the COVID-19 crisis in January 2021, Dukkantek's ultimate mission is to help traditional merchants ease into the process of building a digital presence. "Our aim was to provide smaller businesses with the opportunity to facilitate online ordering and digital payments," says Sanad Yaghi, who co-founded Dukkantek along with co-founders Shadi Joulani and Ali Alsayegh. "The types of small and medium enterprises (SMEs) that we focus on were late adopters of e-commerce solutions- it wasn't until the pandemic that these merchants were even open to the idea of having a digital presence. However, once the significance and value of e-commerce was clear, it was up to us to deliver a solution that would be simple and effective."