Dubai-based delivery-only kitchen platform raises $60 million to expand - Reuters:
Kitopi, a shared kitchen platform for online food delivery, has raised $60 million in a new round of financing led by Knollwood Investment Advisory and Lumia Capital to expand its services, the company said on Monday.
The “Series B” financing, which is a round to fund growth, comes after it last raised $27.2 million in late 2018.
So-called ‘cloud kitchens’, facilities built to produce food specifically for delivery, are becoming popular with investors.
A similar startup launched by former Uber CEO Travis Kalanick reportedly attracted investment from the Saudi Arabia’s sovereign investment fund.
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