About Rizek
Rizek is a company based in Dubai (United Arab Emirates) founded in 2004 by Abdallah Abu Sheikh was acquired by AstraTech in July 2022. Rizek has raised $15 million across 3 funding rounds from investors including ADQ, Abu Dhabi Government and Astra Tech. Rizek operates in a competitive market with competitors including Urban Company, ServiceMarket, Justlife, Rafeeg and NeatBeans, among others.
- Headquarter Dubai, United Arab Emirates
- Founders Abdallah Abu Sheikh
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Business Services
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Funding Insights of Rizek
Rizek has successfully raised a total of $15M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $10 million completed in May 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.
Investors in Rizek
Rizek has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include ADQ, Abu Dhabi Government and Astra Tech.
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ADQ is recognized as a leading sovereign investor focused on sustainable economic transformation in Abu Dhabi.
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Sector-agnostic incubation and acceleration are supported for diverse startups.
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Astra Tech is focused on simplifying fintech and communication solutions.
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Investor details for Rizek
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Investments & Acquisitions by Rizek
Investment portfolio details for Rizek
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Financial Statements - Rizek
Detailed financials for Rizek
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Rizek Comparisons
Peer comparison for Rizek
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Competitors of Rizek
Rizek operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Urban Company, ServiceMarket, Justlife, Rafeeg and NeatBeans, among others.
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Customers are connected with vetted professionals for on-demand home services.
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Multiple local services are facilitated through an app-based marketplace.
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A mobile app is provided for booking various home services.
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Operates a digital hub for hiring local service professionals.
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Operates a marketplace connecting users with local services providers.
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Detailed competitors of Rizek
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Latest news on Rizek
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Frequently Asked Questions about Rizek
Rizek was founded in 2004 and raised its 1st funding round 15 years after it was founded.
Rizek is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
Abdallah Abu Sheikh is the current CEO of Rizek. They have also founded this company.
Rizek is a funded company, having raised a total of $15M across 3 funding rounds to date.
Rizek was founded in 2004 in Dubai, United Arab Emirates, by Abdallah Abu Sheikh. An online marketplace is operated for local services in sectors such as beauty and wellness, home maintenance, and healthcare. Users book services through the platform, complete online payments, modify requests, and rate providers. The mobile application is available for iOS and Android devices, facilitating access across the region.
Rizek's top competitors include Urban Company, ServiceMarket and Justlife.
Rizek has 3 investors. Key investors include ADQ, Abu Dhabi Government, and Astra Tech.