Dubai Cloud Kitchen Startup Plots Saudi, Southeast Asia Push
Bloomberg 2/9/2021 Matthew Martin
(Bloomberg) Dubai-based Kitopi, a technology startup which runs so-called cloud-kitchens, is set to raise more money from investors later this year as it plans to expand in Saudi Arabia and launch in Southeast Asia.
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The company, whose kitchens handle delivery orders for multiple food brands, is due to become profitable “this year, sometime very soon,” founder and Chief Executive Officer Mohamad Ballout said in an interview.
After opening in the east and west coasts of Saudi Arabia, as well as in Qatar and Bahrain, Kitopi will launch in several cities across Southeast Asia later this year, he said.