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New York kitchen provider cooks up plans for 50 US locations after $60m funding

Kitopi

A budding ghost kitchen provider is aiming to add 50 locations in the US before the end of the year after raising $60m in a new round of financing.

Kitopi, a shared kitchen platform for online food delivery, secured its latest investment during a round of financing led by Knollwood Investment Advisory and Lumia Capital.

The company has dual headquarters in New York and Dubai, and currently operates 30 kitchens globally.

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It is confident of reaching 100 locations before the end of 2020, with at least half of those in the US.

The business was set up two years ago by four co-founders who spotted an opportunity to create state-of-the-art kitchen facilities capable of receiving orders and delivering them for restaurants and food brands.

It is particularly focused on small and medium-sized restaurants that want to expand their operations and reach while reducing their order processing and delivery times.

With no capital investment from the restaurants themselves, Kitopi provides the infrastructure and technology that enables food brands to open delivery-only locations and handles the orders at the kitchen on their behalf.

The latest round of funding comes after the business initially raised nearly $30m in Series B financing to kick-start its operations.

Kitopi employs 30 staff and works with more than 100 restaurant partners.

Tags : delivery kitchensghost kitchenskitchensKitopi
Andrew Seymour

The author Andrew Seymour

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