Epik Foods raises $15.5mn from Ruya Partners

user icon
GHADA.ISMAIL
calender icon
Nov 13, 2024
article image

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

XPANCEO raises $250mn Series A to build 1st smart contact lens
News
Calendar Icon
July 9, 2025
XPANCEO raises $250mn Series A to build 1st smart contact lens
Read More
BlueFive Capital closes founding round at $120mn valuation
News
Calendar Icon
July 8, 2025
BlueFive Capital closes founding round at $120mn valuation
Read More
Rekaz raises $5mn seed round to expand, enhance AI capabilities
News
Calendar Icon
July 8, 2025
Rekaz raises $5mn seed round to expand, enhance AI capabilities
Read More
Huspy closes $59mn series B round to expand in Europe, Middle East
News
Calendar Icon
July 8, 2025
Huspy closes $59mn series B round to expand in Europe, Middle East
Read More
Saudi Arabia’s Startup Scene Hits New Heights: Ninja Joins the Unicorn Club
News
Calendar Icon
July 7, 2025
Saudi Arabia’s Startup Scene Hits New Heights: Ninja Joins the Unicorn Club
Read More
TruKKer secures SAR 55 mn private credit facility from Ruya Partners
News
Calendar Icon
July 6, 2025
TruKKer secures SAR 55 mn private credit facility from Ruya Partners
Read More
QIA co-leads $250mn funding round for Kardium Inc
News
Calendar Icon
July 2, 2025
QIA co-leads $250mn funding round for Kardium Inc
Read More
Riyadh-based Flawless raises $1.5mn pre-seed round
News
Calendar Icon
July 1, 2025
Riyadh-based Flawless raises $1.5mn pre-seed round
Read More
PetroApp secures $50mn to fuel expansions, prepare for potential IPO
News
Calendar Icon
July 1, 2025
PetroApp secures $50mn to fuel expansions, prepare for potential IPO
Read More
Saudi MSMEs receive SAR 383 bn credit facilities in Q1-25
News
Calendar Icon
June 30, 2025
Saudi MSMEs receive SAR 383 bn credit facilities in Q1-25
Read More