Rizek

Dubai, United Arab Emirates Founded: 2004 • Age: 22 yrs Acquired By AstraTech
Local services are booked via an online marketplace platform.
Annual revenue - Latest available
Total funding $15.0M 3 rounds
Employees - Tracked headcount
Investors 3 Known backers
Products - Services tracked
Competitors 9 Brand Intelligence

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
  • Sectors
    Business Services
  • Email
    Locked
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
Operational Areas
Business Services → Event, Translation & Local Services Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Total Equity Funding
    $15 M (USD)

    in 3 rounds

  • Latest Funding Round
    $10 M (USD), Series A

    May 24, 2021

  • Investors
    ADQ

    & 2 more

  • Employee Count
    Not available
  • Acquired by
    AstraTech

    (Jul 27, 2022)

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People of Rizek

Headcount 50-200
Employee Profiles 12
Employee Profiles
People
Viranchi Raje
Chief Risk Officer (cro)
People
Amine S.
Group Chief Financial Officer & Board Member - Payment|fintech|lending|voip|e-commerce
People
Amy Minje Kim
Accountant
People
Anin P S
Information Technology Support Team Lead

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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.

All
Venture Fund
Investor Description Founded Year Domain Location
ADQ is recognized as a leading sovereign investor focused on sustainable economic transformation in Abu Dhabi.
Locked Locked Locked
Sector-agnostic incubation and acceleration are supported for diverse startups.
Locked Locked Locked
Astra Tech is focused on simplifying fintech and communication solutions.
Locked Locked Locked
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Investor details for Rizek

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  • Investor domains
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Investments & Acquisitions by Rizek

Investments
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Investment portfolio details for Rizek

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Financial Statements - Rizek

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Detailed financials for Rizek

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Rizek Comparisons

Rizek Primary company
Description
Local services are booked via an online marketplace platform...
Location
Dubai, United Arab Emirates
Founded Year
2004
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
Not available
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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.

Company Name Domain Founded year HQ Location Description
Locked Locked Locked
Customers are connected with vetted professionals for on-demand home services.
Locked Locked Locked
Multiple local services are facilitated through an app-based marketplace.
Locked Locked Locked
A mobile app is provided for booking various home services.
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Operates a digital hub for hiring local service professionals.
Locked Locked Locked
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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Complete news archive for 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.

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