Epik Foods raises $15.5mn from Ruya Partners

GHADA.ISMAIL
Nov 13, 2024

Dubai – Sharikat Mubasher: Abu Dhabi-based Ruya Partners invested $15.5 million (SAR 58.1 million) in Epik Foods, a prominent UAE-based omnichannel restaurant group known for its tech-driven approach across multiple food services, including dine-in restaurants, digital brands, and meal kits.

This funding will fuel Epik Foods' expansion into Saudi Arabia and further growth within the UAE, according to a recent press release.

Formed through a merger of three UAE food companies, Epik Foods now manages 60 unique brands across 50 locations in the UAE and Saudi Arabia, with plans to add 20 more. The group’s portfolio includes popular brands like Poke & Co. and Route Beirut.

Commenting on this, Khaled Fadly, CEO and Founder of Epik Foods: “We’re excited to have Ruya Partners’ support as we expand across Saudi Arabia and the UAE. This investment strengthens our vision to grow Epik Foods and bring our brands to more communities.”

Mirza Beg, Founding Partner of Ruya Partners, added: “This is the fourth investment from our fund, reflecting our strong commitment to providing highly bespoke growth financing solutions to mid-market companies across the GCC, with a focus on high-growth markets like Saudi Arabia and the UAE.”

Omar Al Yawer, Partner at Ruya Partners, added: “Our fund’s portfolio now spans diverse sectors such as media, energy, fitness and food. We have an active investment pipeline and anticipate closing additional investments in the very near future.”


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