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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Sectors
Business Services
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Email
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Phone
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Website
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Social
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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.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $10.0M
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First Round
First Round
(01 Sep 2019)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| May, 2021 | Amount | Series A - Rizek | Valuation | ADQ |
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| Jun, 2020 | Amount | Seed - Rizek | Valuation | Abu Dhabi Government |
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| Sep, 2019 | Amount | Seed - Rizek | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. 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 |
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ADQ is recognized as a leading sovereign investor focused on sustainable economic transformation in Abu Dhabi.
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Founded Year | Domain | Location | |
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Sector-agnostic incubation and acceleration are supported for diverse startups.
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Founded Year | Domain | Location | |
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Astra Tech is focused on simplifying fintech and communication solutions.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Rizek
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Rizek
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Rizek Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Customers are connected with vetted professionals for on-demand home services.
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| domain | founded_year | HQ Location |
Multiple local services are facilitated through an app-based marketplace.
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| domain | founded_year | HQ Location |
A mobile app is provided for booking various home services.
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| domain | founded_year | HQ Location |
Operates a digital hub for hiring local service professionals.
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| domain | founded_year | HQ Location |
Operates a marketplace connecting users with local services providers.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Rizek
Frequently Asked Questions about Rizek
When was Rizek founded?
Rizek was founded in 2004 and raised its 1st funding round 15 years after it was founded.
Where is Rizek located?
Rizek is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
Who is the current CEO of Rizek?
Abdallah Abu Sheikh is the current CEO of Rizek. They have also founded this company.
Is Rizek a funded company?
Rizek is a funded company, having raised a total of $15M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.5M, raised on Sep 01, 2019.
What does Rizek do?
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.
Who are the top competitors of Rizek?
Rizek's top competitors include Urban Company, ServiceMarket and Justlife.
Who are Rizek's investors?
Rizek has 3 investors. Key investors include ADQ, Abu Dhabi Government, and Astra Tech.