Participated · Seed · Aug 2024

MealPlanet is an Emirati food-tech company operating in the broader food and dining sector. The firm has positioned itself within the Middle East’s growing technology ecosystem by leveraging innovative approaches to food services, though specific product details were not disclosed in the article. Its recent capital infusion underscores investor confidence in the region’s food-tech opportunities. The company attracted backing from prominent regional and international investors, signalling the potential for accelerated growth. While the article did not provide operating metrics such as revenue, user counts, or unit economics, the successful seed raise indicates early market traction. MealPlanet’s Emirati roots situate it in a strategically significant market with access to both GCC and wider MENA consumers. The fresh funding is expected to support product development and market expansion initiatives. Future financial milestones were not outlined in the article.

Led · Series A · Mar 2021

iKcon operates as a tech-enabled cloud kitchen as-a-service provider that procures, cooks, and delivers food on behalf of restaurants and brand owners. The company was founded in Dubai in early 2019 by Khalid Baareh (CEO) and Kareem Abughazaleh (COO). It currently runs 15 cloud kitchens across the UAE and is imminently launching its first cloud kitchen in KSA. iKcon partners with 70+ regional and international restaurant partners, including Pinza, German Doner & Kebab, Wingsters, Salmontini, and Monkey Cookies. The company plans regional expansion and aims to rapidly grow its network to 50 cloud kitchens. Management says it will also develop a proprietary technology stack and continue investing in operational excellence and training programs as it scales. iKcon is a Dubai-based, tech-enabled cloud kitchen operator founded by Khalid Baareh (CEO) and Kareem Abughazaleh (COO). The company procures, cooks, and delivers food on behalf of partner restaurants and brand owners, operating as a franchisee to extend partners' delivery reach. iKcon currently runs ten cloud kitchens across the UAE and plans to begin operations in Saudi Arabia in Q4 2020 with further regional expansion planned throughout 2021. The company raised $5M in a Pre-Series A funding round. iKcon is focused on developing proprietary technology to accelerate data analytics, process automation, and AI as key differentiators in its operations.