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.
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Synopsis
Rebel Foods is taking on the distribution of established brands like Wendy’s, Natural’s Ice Cream and Mad Over Donuts. The company tasted success when it pivoted from QSR chain to delivery-only brands. But cracks in that model are beginning to show, and there’s a clear shift in focus. Where does that leave its own brands?
Rebel Foods, which started with Faasos and has grown to become a multi-brand food company, feels well-placed to help other brands that are looking to expand their digital footprint. Recently, Rebel Foods took on the distribution of Wendy’s. Besides Wendy’s, two more brands – Naturals Ice Cream and Mad Over Donuts – are also available in the Rebel Foods’ universe. So, why did Rebel shift focus from building its own brands to distributing
MOPP Foods enters meals market with Mealy aninews.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aninews.in Daily Mail and Mail on Sunday newspapers.
How cloud kitchens are disrupting traditional restaurants in Bangladesh?
Press release
21st January, 2021 06:32:02
Although the concept already exists in Asia and has been tested successfully by brands such as Dahmakan (Pop Meals) in Southeast Asia and Rebel Foods in South Asia, the cloud kitchen landscape in Bangladesh is still in its infancy and has the potential to grow exponentially.
More recently, there has been a significant interest in this space due to its hassle-free business activities, reliable profit margins, growing customer base, and low-cost. So what is this cloud kitchen concept? Cloud Kitchens, also called Ghost Kitchens, are simply online-based or internet restaurants with no dine-in facilities like a traditional restaurant.
Hike no more; Second chances elsewhere
Two weeks ago, Hike Founder and CEO Kavin Bharti Mittal tweeted that the company will shut down StickerChat and double down on products such as Vibe and Rush.
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Since its launch in 2012, Hike has reinvented itself several times.
The app, which began as a messaging app and once topped Android and iOS’ free apps’ list, later made available other offerings such as news, games, chat stickers, offline chat, and even payments.
Now Hike is prioritising its other social products and ending what many saw as a promising run for the app.
Two weeks ago, Hike Founder and CEO Kavin Bharti Mittal tweeted that the company will shut down StickerChat and double down on products such as Vibe and Rush.