Published 01 Jul,2021 via MENAbytes - Dubai-based cloud kitchen startup Kitopi has raised $415 million in a Series C led by SoftBank’s Vision Fund 2, it announced in a statement today. Founded in 2018 by Mohamad Ballout, Saman Darkan, Bader Ataya, and Andy Arenas, Kitopi operates a network of over 60 cloud kitchens in the United Arab Emirates, Saudi Arabia, Kuwait, and Bahrain. The three-year-old startup partners with F&B brands to help them expand their reach through its cloud kitchens. In a statement, the company said that its competitive advantage is in its proprietary Smart Kitchen Operating System, a suite of applications that optimize the performance of its cloud kitchen operations in real-time. Our focus now is to expand our presence within the Middle East and to Southeast Asia while continuing to innovate and pioneer in the cloud kitchen space.

Source: The North Africa Journal July 02, 2021 03:10 UTC