About iKcon
iKcon is a company based in Dubai (United Arab Emirates) founded in 2019 by Kareem Abughazaleh and Khalid Baareh was acquired by REEF in November 2021.. iKcon has raised $25 million across 2 funding rounds from investors including REEF, Alhokair group and Mohamed Yousuf Naghi & Brothers Group.
- Headquarter Dubai, United Arab Emirates
- Founders Kareem Abughazaleh, Khalid Baareh
-
Sectors
Industrial Goods & Manufacturing
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Funding Insights of iKcon
iKcon has successfully raised a total of $25M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $20 million completed in March 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $20.0M
-
First Round
First Round
(10 Aug 2020)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2021 | Amount | Series A - iKcon | Valuation | unknown , Derayah Venture Capital Fund |
|
| Aug, 2020 | Amount | Seed - iKcon | Valuation | Arzan Venture Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in iKcon
iKcon has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include REEF, Alhokair group and Mohamed Yousuf Naghi & Brothers Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
A venture capital fund based in Saudi Arabia is operated.
|
Founded Year | Domain | Location | |
|
Global tech firms are funded at seed and growth stages.
|
Founded Year | Domain | Location | |
|
-
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by iKcon
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - iKcon
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ikcon Comparisons
Competitors of iKcon
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Ikcon
Frequently Asked Questions about iKcon
When was iKcon founded?
iKcon was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is iKcon located?
iKcon is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
Who is the current CEO of iKcon?
Khalid Baareh is the current CEO of iKcon. They have also founded this company.
Is iKcon a funded company?
iKcon is a funded company, having raised a total of $25M across 2 funding rounds to date. The company's 1st funding round was a Seed of $5M, raised on Aug 10, 2020.
What does iKcon do?
iKcon was established in 2019 in Dubai, United Arab Emirates, as a manufacturer of kitchen equipment. Production operations are centered on creating various tools and appliances for commercial and residential use. The company operates within the manufacturing sector, with leadership provided by co-founders Khalid Baareh, serving as CEO, and Kareem Abughazaleh, as COO. Focus is maintained on regional markets in the UAE.
Who are iKcon's investors?
iKcon has 8 investors. Key investors include REEF, Alhokair group, Mohamed Yousuf Naghi & Brothers Group, Derayah VC, and B&Y Venture Partners.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.