Dubai-Based Ghost Kitchen Startup Kitopi Raises $60 Million to Expand Global Network
The investment is set to go towards expanding its 30 kitchens to 80 globally by the end of 2020.
Dubai-based ghost kitchen startup, Kitopi, has announced a Series B round of $60 million, with the investment coming from Knollwood and Lumia Capital, with participation from a host of other investors, including Beco Capital, CE-Ventures, GIC, MSA Capital, Rise Capital, Reshape, Global Ventures and Wilshire Lane Partners.
Launched in 2017 by Mohamed Ballout, Andy Arenas and Sam Darkan, Kitopi helps restaurants expand their delivery services by allowing them to operate and deliver out of in-house kitchen spaces outside of the restaurant’s delivery reach, while managing call centre and delivery operations. The startup, which works on a revenue-sharing model, also provides its tenants with expertly trained staff and state-of the-art equipment.
Also headquartered in New York, Kitopi currently operates 30 kitchens in UAE, Saudi Arabia and Kuwait, as well as the US and UK, with the new investment set to be channelled into opening 50 more kitchens globally by the end of year.
Some of the restaurants that work with Kitopi include Pizza Express, Rite Bite and Operation Flafel.
