- The funding will enable key acquisitions and provide vital working capital to support Epik Foods’ diverse F&B portfolio.
- Epik Foods manages 60+ F&B concepts across the UAE and Saudi Arabia, with plans for 20 additional locations in the pipeline.
Epik Foods, a leading Dubai, UAE-based food and beverage group renowned for its innovation, has successfully secured $15.5 million (SAR 58.1 million) in private equity funding from Ruya Private Capital I, LP, a fund managed by Ruya Partners, Abu Dhabi.
According to the company, this significant investment will play a crucial role in driving Epik Foods’ ambitious growth strategy, supporting key acquisitions, and providing essential working capital to further expand its diverse portfolio of innovative food concepts. The funding will also support the company’s regional expansion into Saudi Arabia, while solidifying its footprint in the UAE.
Founded by Khaled Fadly and Ranya Basyuni, Epik Foods has quickly become a prominent player in the Middle East’s food and beverage sector. The group emerged in 2023 from the merger of three well-known F&B brands—KR&CO, Sweetheart Kitchen, and Happy Platters Kitchens—in partnership with Gulf Islamic Investments (GII), a leading Shari’ah-compliant global alternative investment firm managing over $4.5 billion in assets.
Currently, Epik Foods manages a dynamic portfolio of 60 F&B brands across 50 locations in the UAE and Saudi Arabia, with an additional 20 locations planned. Its diverse offerings include quick-service restaurants, digital brands, meal kits, meal plans, catering services, and hotel/gym collaborations. Established brands like Poke & Co, Healthy & Co, Acai & Co, and Route Beirut are part of the company’s growing repertoire, positioning Epik Foods to meet the increasing demand for high-quality, innovative food solutions in the region.
“We are truly excited to have the backing of Ruya Partners as we embark on this pivotal phase of our growth. This investment not only strengthens our ability to expand across Saudi Arabia and the UAE but also supports key acquisitions that will enhance our portfolio. Khaled Fadly, CEO and Co-founder of Epik Foods, expressed his enthusiasm for the partnership. Our approach to brand innovation and conceptual development has been central to our success, and with this funding, we are positioned to further elevate our brands and reach new communities. This marks an exciting milestone for Epik Foods as we continue to drive innovation, growth, and operational excellence across the region.”
“Epik Foods has demonstrated a clear and well-executed growth strategy, and GII has been a crucial partner in Epik Foods’ journey,” Mirza Beg, Founding Partner of Ruya Partners, added. “We are excited to support Epik Foods as they scale their operations and capture the immense potential in the region”
ⓘ LAFFAZ is not responsible for the content of external sites. Users are required to read and abide by our Terms of Service.
