Dukkantek, 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.