Cloud kitchen solutions provider iKcon expands rapidly across the region
iKcon, the Dubai based cloud kitchen platform, has successfully secured US$ 10mn of funding since inception, including a recently closed pre-series A round of US$ 5mn by a consortium led by Arzan VC, AlTouq Group and Nazer Group among other reputable investors, the company revealed in a press communiqué.
iKcon was founded in Dubai in early 2019, by Khalid Baareh (CEO) and Kareem Abughazaleh (COO), 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 rapidly grow its network to thirty cloud kitchens in the near future.
“One of the big issues that restaurants and food entrepreneurs face is the financial and operational burden of expanding. Another major issue is their ability to adopt technology to improve their operational capabilities. iKcon’s business model solves both of those issues through its proprietary technology, operational know-how and a passion for quality food,” explained Khalid Baareh, Co-Founder and CEO.
The company has successfully partnered with numerous leading brands operating in the region, helping them reach a significantly larger customer base in a short time frame with no capital or operating expenditure, resulting in substantially better returns
“Driven by operational excellence and technology, iKcon acts as a franchisee on the behalf of its partner restaurants and brand owners. We enable each to adjust their offering to a new era of food delivery by extending their reach within the same city, within the same country and across borders,” observed Kareem Abughazaleh, Co-Founder and COO.
