Tech Company Financing Transactions
Dukkantek Funding Round
On 8/15/2022, Dukkantek raised $10 million in Series A funding from BECO Capital, AMK Investment Office and Chaos Ventures.
Transaction Overview
Company Name
Announced On
8/15/2022
Transaction Type
Venture Equity
Amount
$10,000,000
Round
Series A
Investors
BECO Capital (Lead Investor) (Abdulaziz Sagha)
Proceeds Purpose
The company, which focuses on small and medium-sized retailers, said in a Monday (Aug. 15) announcement that it will use the funding to expand in the Europe, the Middle East and Africa (EMEA) region. The company already 13 million retailer clients in the UAE, Oman, Qatar, Kuwait, Bahrain, Turkey and Saudi Arabia, per the Monday (Aug. 15) announcement, as reported by Magnitt.
Company Information
Company Status
Private & Independent
Industry
Real Estate
Mailing Address
HDS Business Centre, Cluster M, JLT,
Dubai, 902
UAE
Dubai, 902
UAE
Phone
Website
Email Address
Overview
Dukkantek, the UAE's first and only revolutionary store management platform, launched in January 2021 to enable traditional merchants to compete equally in an evolving digital world, and further empower their retail capacity. Redefining the conventional way of managing tasks and sales, the innovative platform aims to strengthen local community stores and power digital transformations with end-to-end technology that enhances and streamlines all business processes, enabling them to compete with dark stores and delivery players.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Co-Founder
Sanad Yaghi
President
Ali Alsayegh
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