Dubai delivery-only kitchen platform Kitopi raises $60 million to expand

The so-called ‘cloud kitchens’, facilities built to produce food specifically for delivery, are becoming popular with investors. (AFP)
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Updated 03 February 2020

Dubai delivery-only kitchen platform Kitopi raises $60 million to expand

  • So-called ‘cloud kitchens’, facilities built to produce food specifically for delivery, are becoming popular with investors
  • Kitopi plans to add 50 locations in the US and 100 globally by the end of 2020

DUBAI: 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.
Kitopi, which is headquartered in Dubai and New York, operates 30 kitchens across the United States, United Arab Emirates, Saudi Arabia, United Kingdom and Kuwait.
The company plans to add 50 locations in the US and 100 globally by the end of 2020, it said in a statement.


Egypt receives 1.4 million tourists in second half of 2020

Updated 23 January 2021

Egypt receives 1.4 million tourists in second half of 2020

  • Al-Anani said that 756 hotels and 1,039 tourist restaurants have obtained health and safety certificates since the start of the pandemic
  • Charges for trips to Luxor, Aswan, Sharm El Sheikh, Taba and Hurghada were reduced and ticket prices for all archaeological sites and museums were halved

CAIRO: As of December, Egypt received 1.4 million tourists since the resumption of the tourism activities at the beginning of July, bringing the total number of tourists during 2020 to 3.7 million.
Minister of Tourism and Antiquities Khaled Al-Anani revealed this during a meeting with the Egyptian Prime Minister, Mostafa Madbouly, to review the ministry’s plans to combat the coronavirus.
He said that 756 hotels and 1,039 tourist restaurants have obtained health and safety certificates since the start of the pandemic.
The minister also reviewed the domestic tourism initiative Winter in Egypt and the discounted prices in this initiative.
Charges for trips to Luxor, Aswan, Sharm El Sheikh, Taba and Hurghada were reduced and ticket prices for all archaeological sites and museums were halved.
The minister also reviewed the follow-up on the Cabinet’s decisions to support the tourism sector.
The minister discussed the support offered to the tourism sector, including the procedures to obtain credit facilities and to extend support though the Ministry of Social Solidarity to tourist guides until the end of December 2020.
On Friday, the Egyptian government cut the price of fuel for the aviation sector to support the tourism sector and stimulate aviation in Egypt. According to a statement, the reduction of 15 cents per gallon will continue until the end of this year.
Tourism revenues in Egypt have fallen by more than 69 percent over the past year, from $13.03 billion in 2019 to $4 billion in 2020, Al-Anani said.