Kitopi Raises $50M Growth Round Led by EvolutionX to Scale Food Brands Globally
Kitopi, the UAE-born cloud-kitchen operator, has raised $50 million in growth capital led by EvolutionX to scale its homegrown food brands across the GCC and accelerate international franchising.
Kitopi, the UAE-born cloud-kitchen operator, has raised $50 million in growth capital to scale its portfolio of homegrown food brands across the Gulf and beyond. The round was led by EvolutionX, the private-credit platform backed by Temasek and DBS Bank — its first investment in the GCC.
Founded in Dubai in 2018, Kitopi runs a network of more than 200 outlets across the UAE, Saudi Arabia, Qatar, Bahrain, and Kuwait. The company reached profitability ahead of this round and has now raised roughly $852 million across five rounds.
Kitopi says the new capital will fund the regional and international franchising of its homegrown brands, deepening its push into high-growth GCC markets while taking Middle East food concepts to global audiences.
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Who is Kitopi?
Kitopi is Kitchens as a Service, based in Dubai, founded in 2018, operates in the Food Tech sector.
How much has Kitopi raised?
Kitopi has raised $852M in disclosed funding to date according to the DXBStart company directory.
Where can I find more news about Kitopi?
The DXBStart company profile at dxbstart.com/company/kitopi aggregates every news story DXBStart has indexed about Kitopi, along with funding history, stage, status, and company details.