Dukkantek, a Dubai, United Arab Emirates-based provider of a store management platform, raised $10M in Pre-Series A funding.
The round was led by BECO Capital with participation from Rocketship, Colle Capital, Comma Capital, AMK Investment Office, Chaos Ventures, and Wamda Capital.
The company intends to use the funds to improve the platform’s technology stack and hire talent in the region.
Co-founded by Sanad Yaghi, Shadi Joulani and Ali Alsayegh, in January 2021, Dukkantek platform offers advanced in-store boxes fitted with a Point-of-Sales (POS) system that can be accessed online from anywhere in the world. The cloud-hosted software allows business owners to keep track of transactions, monitor sales, calculate VAT, generate reports, and calculate profit margin. Additionally, the Cloud Inventory Management (IM) helps track stock, manage stock value, organize the inventory, manage fast-moving products, and generate reports for analysis. It currently powers the digital ecosystem for 13 million SMB retailers across the UAE, Oman, Qatar, Kuwait, Bahrain, Turkey, Saudi Arabia.
The funding round follows their $5.2m seed round in October 2021, taking their total funds raised to $15.2m.
FinSMEs
22/08/2022