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# UAE-based Dukkantek raises $5.2 million to boost online store management
- URL: https://www.techloy.com/uae-based-dukkantek-raises-5-2-million-to-boost-online-store-management/
- Published: 2022-06-10T14:20:00.000Z
- Updated: 2022-12-08T01:11:30.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: Tech in UAE

[Dukkantek,](https://www.dukkantek.com/) a UAE-based online store management platform has raised $5.2 million in its seed funding round led by Global Founders Capital. 

- The firm will use the fund to expand its presence in the GCC areas, advance its technology stack and better serve its customer base.
- Dukkantek uses a cloud-based POS system accessible online for traditional merchants to monitor transactions and sales, calculate VAT, generate reports, and, calculate profit margin.
- It offers Cloud Inventory Management (CIM) for merchants to track stock, manage stock value, organize inventories, and manage fast-moving products.
- Colle Capital Partners, Wamda Capital, Plug and Play, and Comma Capital among others invested in the round.