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.”


Share

Related News

Raya Holding invests $15mn in Raya Data Center
News
Calendar Icon
December 12, 2024
Raya Holding invests $15mn in Raya Data Center
readmore
Astra Tech’s Quantix receives $500mn financing from Citi
News
Calendar Icon
December 11, 2024
Astra Tech’s Quantix receives $500mn financing from Citi
readmore
Better raises $550,000 pre-seed round
News
Calendar Icon
December 11, 2024
Better raises $550,000 pre-seed round
readmore
UAE’s BuyAnyAutoPart closes $750,000 pre-seed funding round
News
Calendar Icon
December 11, 2024
UAE’s BuyAnyAutoPart closes $750,000 pre-seed funding round
readmore
PLATMA closes $2.2mn pre-seed round to expand in MENA
News
Calendar Icon
December 10, 2024
PLATMA closes $2.2mn pre-seed round to expand in MENA
readmore
Iliad Partners launches MENA-focused $50mn tech fund
News
Calendar Icon
December 10, 2024
Iliad Partners launches MENA-focused $50mn tech fund
readmore
Wafeq raises $7.5 in series A round
News
Calendar Icon
December 10, 2024
Wafeq raises $7.5 in series A round
readmore
Edtech platform AlGooru raises $4mn pre-series A round
News
Calendar Icon
December 9, 2024
Edtech platform AlGooru raises $4mn pre-series A round
readmore
Egypt’s Youth secures EGP 1 mn in funding
News
Calendar Icon
December 9, 2024
Egypt’s Youth secures EGP 1 mn in funding
readmore
Bekya Pay secures EGP 1.5 mn from Edafa Venture Capital
News
Calendar Icon
December 9, 2024
Bekya Pay secures EGP 1.5 mn from Edafa Venture Capital
readmore