Dubai's Kitopi Raises $50m in Growth Capital Led by EvolutionX
The cloud-kitchen unicorn secured $50m from EvolutionX to scale its homegrown brands across the UAE, Saudi Arabia, Qatar, Bahrain and Kuwait and accelerate franchising.
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Kitopi, the Dubai-based cloud-kitchen platform, raised $50 million in growth capital led by EvolutionX, a private-credit provider backed by Temasek and DBS Bank. The February 2026 round follows Kitopi reaching profitability.
Kitopi operates 200-plus outlets across the UAE, Saudi Arabia, Qatar, Bahrain and Kuwait. It will use the capital to scale its homegrown brands and accelerate regional and international franchising. Revenue reached $165.7 million in 2024, up 32% year on year.