UAE Store Management Platform Dukkantek Raises $5.2 Million Seed

Dukkantek, a UAE-based store management startup, has raised $5.2 million during a seed round to upgrade its technology stack, and fuel its expansion across the Gulf region.

Founded in January 2021 by Ali Alsayegh, Sanad Yaghi and Shadi Joulanito to meet the needs of traditional merchants in an increasingly digital world, Dukkantek provides merchants with in-store boxes with a Point-of-Sales system that can be accessed over the internet. The software is hosted on the cloud and comes with a range of services, such as Cloud Inventory Management. Business owners would also be able to monitor sales, calculate VAT and profit margins, and create reports.

The seed round was led by Global Founders Capital, and saw participation from Wamda Capital, Comma Capital, Colle Capital Partners, and Plug and Play.