Russian document automation service DocsInBox spent $500,000 to launch in the UAE

The company’s investment to enter the United Arab Emirates market amounted to 500 thousand dollars; The first clients in Dubai were the restaurants Café de Palma, Angel Cakes, Frank by Basta and Papa Dubai. A representative of DocsInBox reported this to RB.RU.

In 2019, the service already opened a representative office in Dubai, but at that time local restaurants and suppliers did not need an integrated approach to process automation, the company explained. Later, in April 2023, DocsInBox again announced its launch in the United Arab Emirates. The company then presented this launch as a “launch for Russian-speaking entrepreneurs.” The amount of the investment was estimated at $100 thousand.

According to DocsInBox, from 2017 to 2023, the UAE restaurant market grew at an average annual rate of 5.09%. From 2024 onwards, growth is expected to accelerate significantly, with an average annual rate of 18.56%.

• DocsInBox allows restaurants to optimize the times and costs of interaction with suppliers, as well as procurement and accounting processes. As a result, it is observed that establishments can reduce operating costs by 5% or more.
• The service was founded in Russia in 2015 by Leonid Dovbenko, who also develops delivery service YallaMarket and marketplace aggregator YallaHub in Dubai. DocsInBox is currently used by more than 12,000 of Russia’s largest restaurants.