{"id":102120,"date":"2025-03-27T00:00:00","date_gmt":"2025-03-27T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/epik-foods-acquires-sauce-capital-as-part-of-regional-expansion-plans-basatne-now-owns-cartlow\/"},"modified":"2025-03-27T00:00:00","modified_gmt":"2025-03-27T00:00:00","slug":"epik-foods-acquires-sauce-capital-as-part-of-regional-expansion-plans-basatne-now-owns-cartlow","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/03\/27\/epik-foods-acquires-sauce-capital-as-part-of-regional-expansion-plans-basatne-now-owns-cartlow\/","title":{"rendered":"Epik Foods acquires Sauce Capital as part of regional expansion plans + Basatne now owns Cartlow"},"content":{"rendered":"

It\u2019s a big day for startup exits: <\/strong>Two homegrown startups were acquisition targets this week \u2014 one snapped up by another local firm and another by a US-based firm.<\/p>\n

#1- UAE-based food and beverage group<\/strong> Epik foods acquired 100% of F&B outfit Sauce<\/strong> Capital, <\/strong>adding 15 more brands including Egg Bun, Sliced Pizza, Buwagyu, and Chic Flic to its portfolio, which now comprises a total of 75 brands, according to a press release<\/a>. There\u2019s no publicly available information about the size of the transaction. <\/p>\n

The rationale:<\/strong> This will help Epik Foods cement its market share in Saudi Arabia and Abu Dhabi, \u201careas where Sauce Capital has already established a significant foothold,\u201d the statement reads. Sauce Capital\u2019s founding team will stay on board after the acquisition to lead the company, the statement said.<\/p>\n

Background:<\/strong> Last year, Epik Foods<\/a> secured USD 15.5 mn in private capital funding,<\/a> from private credit firm Ruya Partners<\/a> to fund acquisitions, following its Riyadh launch. The company acquired Dubai-based deli 1762 last month<\/a> as part of its plans to add 20 more locations to its existing 50 strong location footprint, operating over 60 brands.<\/p>\n

#2- <\/strong>Global circu<\/strong>lar economy firm <\/strong>Basatne<\/a><\/strong> acquired homegrown re-commerce platform <\/strong>Cartlow<\/a><\/strong> in a bid to strengthen its foothold in the region, according to a statement<\/a>. There\u2019s no publicly available information about the size of the transaction.<\/p>\n

What Cartlow had to offer:<\/strong> Cartlow recirculated 1 mn devices, preventing 100k metric tons of carbon dioxide \u2014 equal to removing 21k cars from the road for a year \u2014 and generating AED 500 mn in sustainable commerce value. \u201cCartlow\u2019s cutting-edge solutions, now under Basatne Group, will accelerate the adoption of circularity and drive the development of a mature, scalable, and globally integrated ecosystem,\u201d the statement said.<\/p>\n

Meanwhile, Basatne operates a refurbishing facility in the UAE<\/strong>, which it said offers the region\u2019s first AI and robotics-driven solution for data wiping and diagnostics, according to Basatne Founder and CEO Ammar Aboulnasr said. <\/p>\n","protected":false},"excerpt":{"rendered":"

This will add 15 brands to Epik Foods\u2019 portfolio<\/p>\n","protected":false},"author":1,"featured_media":102121,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2392],"tags":[659,7,1344,60,147],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-102120","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-e-commerce","tag-enterpriseam-uae","tag-ma","tag-ma-watch","tag-startups","wpautop","entry"],"acf":{"mongo_id":"021c3216-8580-49ad-890d-1ddc75b68e58","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/3\/2228.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Epik Foods acquires Sauce Capital as part of regional expansion plans + Basatne now owns Cartlow","related_issue":[102110],"teaser":"This will add 15 brands to Epik Foods\u2019 portfolio","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.669b5fb1-7890-4546-9636-b16591d2ed7d.mp3"},"yoast_head":"\nEpik Foods acquires Sauce Capital as part of regional expansion plans + Basatne now owns Cartlow - 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