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.
