Dubai’s leading Cloud kitchen company Kitopi announced two new market launches in Bahrain and Qatar, as it completes four years in the region. With the newly-launched kitchens, Kitopi now serves five markets across the GCC. The cloud kitchen platform has also announced it will establish its presence in Singapore and Malaysia in the second half of the year. Kitopi has expanded rapidly since 2018. In July last year, Kitopi announced its $415m Series C funding round, led by technology-focused investment fund, Softbank Group Corp’s Vision Fund 2. The investment – the fund’s first in a UAE-headquartered company – propelled Kitopi to the ‘unicorn’ status.
The company, which initially focused on on-demand food delivery, has now expanded its offerings to include meal plans and dine-in concepts. Kitopi’s growth strategy has also seen it invest in several leading food companies. It plans to invest up to $1bn in the next two years to develop and expand a network of the best local, regional and international brands that have synergy with its operating platform. The company will continue to support licensed brands alongside its portfolio of invested brands.
Mohamad Ballout, co-founder and CEO of Kitopi, said, “Our commitment involves not only expanding our reach across countries and regions, but diversifying our offerings for customers. This means not only giving our customers access to the best brands and cuisines, but reaching them in ways that cater to different needs, preferences and lifestyle choices.” He added: “As we expand our global reach, we are setting our sights on creating possibilities in the F&B and food technology space beyond what we know as possible today, and we are not looking back.”
Kitopi stands for Kitchen Operation Innovation. The Dubai-founded tech-powered food company, has grown to become one of the best success stories in the MENA startup world. The managed cloud kitchen network enables food brands to expand their delivery reach without needing to expand their kitchens. The food tech company is powered by its Smart Kitchen Operating System (SKOS) – an in-house suite of applications which it says has enabled it to significantly increase its order volume while reducing kitchen preparation time by 40 percent. It provides necessary infrastructure and software and currently runs kitchen networks in New York, London, Dubai, Abu Dhabi, Kuwait and Saudi Arabia with more than 1000 members of staff.
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