Dukkantek raises $5.2m in a Seed round

Dukkantek raises $5.2m in a Seed round

Dukkantek, a store management platform, raised $5.2 million to facilitate the expansion of its operations across the GCC. The startup will use the fund to improve its technology stack, expand the platform’s reach, and serve their merchant base.

The startup closed their seed round with $5.2 million in funding. The round was led by Global Founders Capital, with participation from Colle Capital Partners, Wamda Capital, Plug and Play, and Comma Capital. Other strategic investors in the round include Nowais Capital, Annex Investments, and AMK Investment Office.

Dukkantek was founded in January 2021, the platform offers advanced in-store boxes fitted with a seamless 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. They also have a Cloud Inventory Management (IM) that helps track stock, manage stock value, organise the inventory, manage fast-moving products, and generate reports for analysis.

“Dukkantek’s impressive traction and long-term potential are underpinned by a strong team, a full-stack solution, and a comprehensive offering for the merchants they onboard. We are thrilled to lead this funding round and partner with the Dukkantek team to help make their vision a reality and continue our support for high-growth startups in the MENA region,” Mariam Kremer, Partner at Global Founders Capital, stated.

This investment will allow Dukkantek to continue its efforts in empowering traditional merchants to thrive in a digital world and exponentially expand and maintain its premium end-to-end technology.

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