Ruya Partners, a UAE-based, partner-owned private credit fund management firm, announced an investment of $15.5 million in Epik Foods, a UAE-based, technology-enabled omnichannel restaurant group that owns and operates various quick-service dine-in restaurants, digital brands, meal kits, and meal plans.
This investment will help support Epik Foods’ plans for expansion into the Saudi and UAE markets, as well as finance strategic acquisitions and provide liquidity to strengthen working capital.
Epik Foods Global Holding was founded in 2017 through a partnership between KR&CO founders Khaled Fadly and Ranya Basyuni and Gulf Islamic Investments (GII). The company was formed by merging three food tech companies in the UAE: Happy Platter Kitchen, Kreative Restaurant and Co, and Sweetheart Kitchen.
Khaled Fadly, CEO and founder of Epik Foods, expressed his enthusiasm for the support provided by Ruya Partners, saying, “We are excited to have Ruya Partners’ backing for our expansion in Saudi Arabia and the UAE, which will strengthen our vision for the company’s growth.”
