Kitopi to expand its cloud kitchen services after raising $60m in Series B funding
Kitopi, a tech startup dually headquartered in New York and Dubai and manages cloud kitchen area system with partners and dining establishments to extend their delivery reach, has elevated $60m in new funding.
The Collection B funding round was led by Knollwood and Lumia Funds with more participation from new and present world-wide buyers, particularly Beco, CE-Ventures, GIC, Increase Funds, Reshape, World-wide Ventures and Wilshire Lane Companions.
Kitopi, which now operates 30 kitchens across the US, UAE, Saudi Arabia, British isles and Kuwait and has partnerships with extra than 100 dining establishments which include brand names such as Procedure Falafel, Pizza Convey, Proper Bite and UNDER500 to title a couple, is searching to continue its growth with 50 extra spots in the US and 100 globally this year.
“This is an remarkable room and we are humbled to work with environment-course buyers who share a unified eyesight on how we can group up with dining establishments to revolutionise the food field. This investment decision is a huge get for our cafe partners, as well as the hundreds of 1000’s of buyers who can continue to entry their favourite dishes,” said Mohamad Ballout, CEO and Co-founder of Kitopi.
Additionally, he said that none of this would be feasible with out the attempts of its group and ‘Kitopians’ (workers), responsible for placing Kitopi on the world-wide map nowadays.
Also, he said that Kitopi will continue to develop its in-dwelling suite of programs to more maximise its kitchen area effectiveness, boost utilisation and cut down operational costs.
Kitopi’s mission is to ability the food financial state by revolutionising the way persons can entry food.
Popular objective
“Kitopi has shown its capacity to differentiate itself from other people in an significantly crowded room, by collaborating intently with dining establishments to obtain 1 typical objective. It has shown achievements in constructing an ground breaking product that is able of continually adapting itself to suit buyer desires whilst also remaining scalable,” said Chris Rogers, Lover at Lumia Funds.
“I assume if you’re a cafe searching to scale, or if you’re a brand wondering of opening a new cafe, this is the finest way to do well (and speedy). We’re fired up to see how Kitopi continues to reinvent the food tech room,” he said.
