HB Investments

HB Investments is a private investment office based in Dubai, United Arab Emirates, founded by the creators of Huda Beauty. The firm focuses on investing in early-stage companies led by exceptional entrepreneurs aiming to transform consumer experiences in various sectors, including technology, media, entertainment, and telecommunications. By providing a supportive ecosystem that encompasses brand building, marketing, and distribution, HB Investments helps these entrepreneurs scale their businesses effectively. The firm seeks to partner with visionary founders whose missions align with revolutionizing how consumers engage with products and services related to buying, eating, exercising, and sleeping.

Alya Kattan

General Partner

Karan Wats

CEO and Partner

5 past transactions

Uptime | Knowledge Hacks

Seed Round in 2021
Our story began with a vision to build a platform that makes knowledge accessible, affordable, and fun, while also being free from negativity, doom-scrolling and advertising. That’s how we came to be Knowledge Hackers. Uptime is a free app featuring 5-minute Knowledge Hacks from the world’s best books, courses and documentaries. All Hacks are available in text, audio and our unique visual story format, distilling the key ideas and insights from thousands of sources to keep users informed and save them time and effort. And the best thing is, you can share Hacks in just a tap with anyone via socials and text. It’s time to know more in no time. It was founded in 2019 and is headquartered in London, England.

The Luxury Closet

Venture Round in 2020
The Luxury Closet is a pioneering online marketplace in the GCC region dedicated to the buying, selling, and consignment of luxury items, with a focus on pre-owned products. By ensuring the authenticity and integrity of each item, the platform allows customers to purchase designer goods at discounted prices. With its significant market reach and impressive scalability, The Luxury Closet has experienced rapid growth, achieving double-digit monthly increases in sales since its inception. The platform serves as a trusted venue for individuals seeking to access authentic luxury items while promoting a sustainable approach to fashion consumption.

Kitopi

Series B in 2019
Kitopi is a Kitchen as a Service (KaaS) platform that provides restaurants with the essential infrastructure and software needed to establish delivery-only locations efficiently and cost-effectively. Founded in 2018 by Mohamad Ballout, Saman Darkan, Bader Ataya, and Andy Arenas, the company operates a network of over 60 cloud kitchens across the United Arab Emirates, Saudi Arabia, Kuwait, and Bahrain. Kitopi's offerings include kitchen infrastructure, management services, call assistance, delivery management, trained staff, and industry-specific technology, allowing restaurateurs to focus on their culinary creations while minimizing capital expenditure and time. Although Kitopi expanded into the United States in 2019, it exited the market following the onset of the pandemic.

Floranow

Series A in 2019
Floranow is a B2B online floral marketplace that connects global flower growers with buyers, including flower shops and importers primarily in the Middle East. By utilizing innovative technology, Floranow streamlines the supply chain, ensuring that flower growers can sell their products efficiently while providing buyers with access to fresh flowers. The platform facilitates the management and distribution of flowers through a cool chain system, enhancing the overall experience for both sellers and purchasers in the floral industry.

Kitopi

Series A in 2018
Kitopi is a Kitchen as a Service (KaaS) platform that provides restaurants with the essential infrastructure and software needed to establish delivery-only locations efficiently and cost-effectively. Founded in 2018 by Mohamad Ballout, Saman Darkan, Bader Ataya, and Andy Arenas, the company operates a network of over 60 cloud kitchens across the United Arab Emirates, Saudi Arabia, Kuwait, and Bahrain. Kitopi's offerings include kitchen infrastructure, management services, call assistance, delivery management, trained staff, and industry-specific technology, allowing restaurateurs to focus on their culinary creations while minimizing capital expenditure and time. Although Kitopi expanded into the United States in 2019, it exited the market following the onset of the pandemic.
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