Dubai's cloud kitchen Kitopi raises $300 million in Series C round extension

Oluwajuwonlo Afolabi -

Kitopi, a UAE-based cloud kitchen has raised $300 million in its Series C round extension bringing it to $715 million raised in the round.

  • The latest funding round brings Kitopi to $1.55 billion in valuation after it became a unicorn.
  • The cloud kitchen operator will use the funds to invest in more dine-in restaurants and better serve its customers.
  • The round was led by SoftBank Vision Fund 2 with participation from Chimera, DisruptAD, B Riley, Dogus Group, Next Play Capital, and Nordstar.