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How Kitopi CEO Mohamad Ballout grew Kitopi to $165.7M revenue with a 3525 person team in 2024.

Powering the on-demand food economy. Kitopi is the world's leading state-of-the-art, managed cloud kitchen platform. Kitopi enables restaurants to open delivery only locations by providing the necessary infrastructure and software with minimal capital expenditures and time as well as taking care of the entire customer experience journey: receiving and processing orders, cooking, delivery operations and managing customer feedback.

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Kitopi Revenue

In 2024, Kitopi's revenue reached $165.7M. The company previously reported $125.6M in 2023. Since its launch in 2018, Kitopi has shown consistent revenue growth.

Kitopi Revenue GrowthReported revenue / ARR by year$0$40M$80M$120M$160M$200M2018201920202021202220232024$0$71M$126M$166MSource: GetLatka.com
YearMilestone
2024Kitopi Hit $165.7m revenue in October 2024
2023Kitopi Hit $125.6m revenue in October 2023
2021Kitopi Hit $71.2m revenue in July 2021
2021Kitopi Hit $51.1m revenue in April 2021
2018Launched with $0 revenue

Kitopi Valuation, Funding Rounds

Kitopi reached a $1.6B valuation in 2022, set during its Series C round.

Kitopi has raised $804M in total funding across 5 rounds, most recently a $300M Series C round in 2022.

Kitopi Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$400M$800M$1B$2B$2B201820192020202120222018 cumulative: $2M • 2018 Seed Round: $2M2018 cumulative: $29M • 2018 Seed Round: $2M • 2018 Series A: $27M2019 cumulative: $89M • 2018 Seed Round: $2M • 2018 Series A: $27M • 2019 Series B: $60M2021 cumulative: $504M • 2018 Seed Round: $2M • 2018 Series A: $27M • 2019 Series B: $60M • 2021 Series C: $415M @ $1B valuation2022 cumulative: $804M • 2018 Seed Round: $2M • 2018 Series A: $27M • 2019 Series B: $60M • 2021 Series C: $415M @ $1B valuation • 2022 Series C: $300M @ $2B valuation$804M2021 Series C: $1B valuation$1B2022 Series C: $2B valuation$2BSource: GetLatka.com
YearRoundAmountValuation% Sold
2022Series C$300M$1.6B19%
2021Series C$415M$1.2B35%
2019Series B$60M--
2018Series A$27.2M--
2018Seed Round$1.8M--

Kitopi Employees & Team Size

Kitopi employs approximately 3.5K people as of 2026, up from 2.3K in 2024.

Kitopi has 3.5K total employees in different roles and functions and 14 sales reps that carry a quota.

Kitopi Team GrowthReported headcount over time07501,5002,2503,0003,75020182019202020212022202320242025003,5253,525Source: GetLatka.com
YearMilestone
2025Reached 3.5K employees (November 2025)
2024Reached 2.3K employees (October 2024)
2023Reached 2.3K employees (October 2023)
2023Reached 1.9K employees (July 2023)
2022Reached 2.1K employees (October 2022)
2021Reached 1.5K employees (December 2021)
2021Reached 721 employees (July 2021)
2021Reached 608 employees (April 2021)

Founder / CEO

Mohamad Ballout

Satisfying the world's appetite!

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Customers

We do not have customer count information for Kitopi yet.

Frequently Asked Questions about Kitopi

What is Kitopi's revenue?

Kitopi generates $165.7M in revenue.

Who founded Kitopi?

Kitopi was founded by Mohamad Ballout.

Who is the CEO of Kitopi?

The CEO of Kitopi is Mohamad Ballout.

How much funding does Kitopi have?

Kitopi raised $804M.

How many employees does Kitopi have?

Kitopi has 3.5K employees.

Where is Kitopi headquarters?

Kitopi is headquartered in Dubai, United Arab Emirates.

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Compare Kitopi to the industry

Kitopi operates across multiple industries. Browse revenue, funding, and growth data for Kitopi in each sector below.

Source Attribution

Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.

Company data last updated .