Can Kitopi Take on the World?
The MENA ghost kitchen company raises a big round from SoftBank and reaches a unicorn valuation. Now it sets its sights on Asia. What are its chances for success?
In just three years Kitopi has gone from an idea to a unicorn. The UAE-based cloud kitchen company, which provides kitchen space and supporting technology to delivery-only restaurants, just raised a $415 million Series C round, giving it a reported valuation in excess of $1 billion.
One of the major uses for the fresh capital will be an expansion into So…