Dubai's iKcon raises $20 mln Series A to expand its 'cloud-kitchen-as-a-service' platform to Saudi

dubai saudi ikcon series group
UAE
  • Date: 29-Mar-2021
  • Source: Salaam Gateway
  • Sector: Technology
  • Country: UAE
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Dubai's iKcon raises $20 mln Series A to expand its 'cloud-kitchen-as-a-service' platform to Saudi

Published 28 Mar,2021 via MENAbytes – Dubai-based cloud kitchen operator iKcon (Innovative Kitchen Concepts) has raised $20 million in a Series A, it announced today.

The investment that came from Mohamed Yousuf Naghi Group, AlTouq Group, Derayah Ventures, B&Y Venture Partners, AbdulMohsin Al Houkair Holding Group, and Nazer Group, takes iKcon’s total raise to date to $32 million.

Founded in 2019 by Khalid Baareh and Kareem Abughazaleh, iKcon helps restaurants and other F&B brands grow using its network of cloud kitchens in Dubai & Abu Dhabi. The cloud-kitchen-as-a-service startup procures (ingredients), cooks, and delivers food on behalf of restaurants and brands it partners with.

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