About Kitopi
Kitopi is a company based in Dubai (United Arab Emirates) founded in 2018 by Sami Bejjani, Mohamad Ballout, Saman Darkan, and Bader Ataya.. Kitopi has raised $802.2 million across 4 funding rounds from investors including B. Riley Financial, SoftBank Vision Fund and DisruptAD. Kitopi has completed 1 acquisition, including AWJ. Kitopi offers products and services including Smart Kitchens and Food Delivery Platform. Kitopi operates in a competitive market with competitors including CloudKitchens, Kitch, OneKitchen, Creative+ Cloud Kitchens and UniQitchen, among others.
- Headquarter Dubai, United Arab Emirates
- Founders Sami Bejjani, Mohamad Ballout, Saman Darkan, Bader Ataya
- Stage Unicorn
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Sectors
Real Estate & ConstructionConsumer
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$802.2 M (USD)
in 4 rounds
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Latest Funding Round
$300 M (USD), Series C
May 12, 2022
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Investors
B. Riley Financial
& 18 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Kitopi
Kitopi offers a comprehensive portfolio of products and services, including Smart Kitchens and Food Delivery Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Advanced systems for efficient food production and delivery services.
Platform connecting brands for seamless food ordering and distribution.
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Software Development Team
29 people
Product Management Team
17 people
Leadership Team
13 people
Human Resources and Administration
11 people
Senior Team
10 people
Sales and Marketing
9 people
Finance and Accounting
8 people
Data Analysis and Operations Team
5 people
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Funding Insights of Kitopi
Kitopi has successfully raised a total of $802.2M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $300 million completed in May 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series C — $300.0M
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First Round
First Round
(06 Oct 2018)
- Investors Count 19
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Series C - Kitopi | Valuation | SoftBank Vision Fund | |
| Jul, 2021 | Amount | Series C - Kitopi | Valuation | SoftBank Vision Fund | |
| Feb, 2020 | Amount | Series B - Kitopi | Valuation | Knollwood Investment Advisory , Lumia Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Kitopi
Kitopi has secured backing from 19 investors, including venture fund and institutional investors. Prominent investors backing the company include B. Riley Financial, SoftBank Vision Fund and DisruptAD. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investments in technology and startups.
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Founded Year | Domain | Location | |
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Early and late-stage startups are supported by venture capital-backed studio.
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Founded Year | Domain | Location | |
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US tech startups are funded by Next Play Capital.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Kitopi
Kitopi has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include AWJ. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Multi-brand casual dining restaurants are owned and operated.
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2013 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Kitopi
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Kitopi Comparisons
Competitors of Kitopi
Kitopi operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as CloudKitchens, Kitch, OneKitchen, Creative+ Cloud Kitchens and UniQitchen, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-driven managed kitchen spaces are provided for food delivery operations.
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| domain | founded_year | HQ Location |
Platform offering cloud kitchen and store-front operator
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| domain | founded_year | HQ Location |
Shared kitchen spaces and equipment are provided for delivery-only restaurants.
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| domain | founded_year | HQ Location |
Managed shared kitchens are provided for restaurant businesses.
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| domain | founded_year | HQ Location |
Provides cost-effective cloud kitchens for delivery-only restaurants, reducing costs and enhancing efficiency.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Kitopi
Frequently Asked Questions about Kitopi
When was Kitopi founded?
Kitopi was founded in 2018.
Where is Kitopi located?
Kitopi is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
Who is the current CEO of Kitopi?
Mohamad Ballout is the current CEO of Kitopi. They have also founded this company.
Is Kitopi a funded company?
Kitopi is a funded company, having raised a total of $802.2M across 4 funding rounds to date. The company's 1st funding round was a Series B of $60M, raised on Oct 06, 2018.
What does Kitopi do?
Kitopi was founded in 2018 in Dubai, United Arab Emirates, as a provider in the food technology sector. Operations focus on supporting food brands with delivery-only locations through online storefront launches. Infrastructure, management services, phone support, and delivery management are offered. The network serves items such as burgers, crispy chicken, and rice dishes across the region.
Who are the top competitors of Kitopi?
Kitopi's top competitors include CloudKitchens, Kitch and OneKitchen.
What products or services does Kitopi offer?
Kitopi offers Smart Kitchens and Food Delivery Platform.
How many acquisitions has Kitopi made?
Kitopi has made 1 acquisition, including AWJ.
Who are Kitopi's investors?
Kitopi has 19 investors. Key investors include B. Riley Financial, SoftBank Vision Fund, DisruptAD, Next Play Capital, and Nordstar.
What is Kitopi's valuation?
The valuation of Kitopi is $1.55B as of May 2022.
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