Dukkantek, UAE’s store management platform, raised $10m in a pre-Series A funding round led by BECO Capital with participation from Rocketship and Colle Capital, Comma Capital, AMK Investment Office, Chaos Ventures, and Wamda Capital.
Dukkantek was bootstrapped by three Co-Founders, Sanad Yaghi, Shadi Joulani, and Ali Alsayegh, in January 2021 to enable traditional merchants to compete in the evolving digital world.
“We are pleased to have witnessed an exponential growth of our company as we provide a technological solution to SME businesses across the world. This second round of funding comes at the perfect time as we are looking to explore growth in additional markets, increase our team size and further advance our technology,” Sanad Yaghi, Co-Founder of Dukkantek, said.
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.
Dukkantek is present across the UAE, Oman, Qatar, Kuwait, Bahrain, Turkey, Saudi Arabia and is looking for opportunities in North Africa, as it closes the second round of investment this year.
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