Epik Foods secures USD 15.5 mn funding from Ruya Partners

UAE-based food and beverage group Epik Foods secured USD 15.5 mn in private capital funding, from private credit firm Ruya Partners’ Private Capital I, LP fund, according to a press release. The investment will be used to fund acquisitions and help it expand operations in Saudi Arabia and strengthen its operations in the UAE.

Refresher: Epik Foods expanded its operations into Saudi Arabia earlier this year, launching in Riyadh. The company planned further expansions into Jeddah in the second quarter of 2024 and Khobar in the third quarter of 2024.

About Epik Foods: Founded by Khaled Fadly and Ranya Basyuni, Epik Foods was established through the merger of food and tech companies KR&CO, Sweetheart Kitchen, and Happy Platters Kitchens, in partnership with Gulf Islamic Investments. Epik Foods currently manages 60 brands across 50 locations in the UAE and Saudi Arabia, and plans to add 20 more locations.