Dubai: iKcon, a Dubai-based tech-enabled cloud kitchen operator that procures, cooks, and delivers food on behalf of restaurants and brand owners, has successfully raised a $5M Pre-Series A funding round, led by Arzan VC, Al Touq Group and Nazer Group.
iKcon was founded 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 are focused on developing proprietary technology to accelerate the evolution of data analytics, process automation, and AI as a key differentiator in this fast-growing space.
Kareem Abughazaleh, Co-Founder and COO, said “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.”