Oman-based venture capital firm Cyfr Capital has completed investments in five Omani startups through its Seed Fund, in collaboration with Future Fund Oman.
The investments went to Sooq Cars, iO Eats, Darrbak, Decoil and Pack’N, spanning automotive commerce, food delivery, tourism, AI and data, and food packaging and storage.
Sooq Cars operates an automotive marketplace with more than one million users, while iO Eats runs a food delivery platform supported by cloud kitchens across six locations and more than 30 restaurants.
Darrbak provides access to more than 260 tourism experiences from over 76 local providers, while Decoil develops AI and data solutions and Pack’N provides customised packaging and smart storage solutions.
The value of the individual investments, total capital deployed and stakes acquired were not disclosed.
