Latest News and Press Releases

We like to keep you up-to-date with everything that is happening in iKcon

03 Jul 2021

MENA’s top funded startups in the frst half of 2021

Startups in the Middle East and North Africa secured a record investment in the first half of 2021, led by Saudi fintech Tamara which raised the largest amount of funding in H1 with a total of $116 million. According to calculations by Forbes Middle East, around 170 startups announced raising funding in the first six months […]

23 Apr 2021

400 and counting – UAE’s cloud kitchen brands set piping hot growth rates

Dubai: Want to take a rough guess on the number of cloud kitchen brands operating in the UAE, with Dubai hosting the majority of these?If you said 400 of them, give yourself a treat. And these 400 brands operate out of 80 locations, again the majority being based in Dubai. It won’t stop there as […]

31 Mar 2021

Dubai cloud kitchen operator secures more funding for Gulf expansion

iKcon, a Dubai-based tech-enabled cloud kitchen operator, has successfully raised a $20 million Series A funding to expand in the Guf region. The round was led by regional investment groups including Mohamed Yousuf Naghi Group, Al Touq Group, Derayah Ventures, B&Y Venture Partners, AbdulMohsin Al Houkair Holding Group and Nazer Group.The successful closing of this round […]

25 Aug 2020

Tech-enabled cloud kitchens: An interview with iKcon founders, Khalid Baareh and Kareem Abughazaleh

iKcon, a tech-enabled cloud kitchen operator that procures, cooks, and delivers food on behalf of restaurants and brand owners, recently raised a $5M Pre-Series A funding round, led by Arzan VC, AlTouq Group, and Nazer Group among other reputable investors. Following on from their funding announcement, we caught up with iKcon’s founders, Khalid Baareh and Kareem Abughazaleh to delve into how […]

10 Aug 2020

Middle East Cloud Kitchen company iKcon secures $10m funding

Middle East: iKcon, the Dubai based cloud kitchen platform, has successfully secured $10 million of funding since inception, including a recently closed pre-series A round of $5 million led by Arzan VC, AlTouq Group and Nazer Group among other reputable investors.  iKcon was founded in Dubai in early 2019, by Khalid Baareh (CEO) and Kareem Abughazaleh (COO), to address the growing […]