Valuation · 2022
$1.6B
2024 Revenue
$165.7M(Est.)
Funding
$804M
Team · 2025
3.5K
Founded
2018
Kitopi Revenue, Valuation & Funding (2024)
Kitopi generated an estimated $165.7M in annual revenue in 2024. Source: GetLatka estimate
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.
Last updated
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.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Kitopi Hit $165.7m revenue in October 2024 | Estimated |
| 2023 | Kitopi Hit $125.6m revenue in October 2023 | Estimated |
| 2021 | Kitopi Hit $71.2m revenue in July 2021 | Not recorded |
| 2021 | Kitopi Hit $51.1m revenue in April 2021 | Not recorded |
| 2018 | Launched 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.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2022 | Series C | $300M | $1.6B | 19% | Not recorded |
| 2021 | Series C | $415M | $1.2B | 35% | Not recorded |
| 2019 | Series B | $60M | - | - | Not recorded |
| 2018 | Series A | $27.2M | - | - | Not recorded |
| 2018 | Seed | $1.8M | - | - | Not recorded |
Founder / CEO
Customers
We do not have customer count information for Kitopi yet.
Kitopi Employees & Team Size
Kitopi employs approximately 3.5K people as of 2026, up from 2.3K in 2024, including 14 sales reps that carry a quota.
| Year | Milestone | Source |
|---|---|---|
| 2025 | Reached 3.5K employees (November 2025) | Not recorded |
| 2024 | Reached 2.3K employees (October 2024) | Not recorded |
| 2023 | Reached 2.3K employees (October 2023) | Not recorded |
| 2023 | Reached 1.9K employees (July 2023) | Not recorded |
| 2022 | Reached 2.1K employees (October 2022) | Not recorded |
| 2021 | Reached 1.5K employees (December 2021) | Not recorded |
| 2021 | Reached 721 employees (July 2021) | Not recorded |
| 2021 | Reached 608 employees (April 2021) | Not recorded |
Frequently Asked Questions about Kitopi
What is Kitopi's revenue?
As of 2024, Kitopi generated an estimated $165.7M in annual 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 across 5 rounds.
How many employees does Kitopi have?
As of 2025, Kitopi had 3.5K employees.
Where is Kitopi headquartered?
Kitopi is headquartered in Dubai, United Arab Emirates.
Compare Kitopi to the industry
Kitopi operates across multiple industries. Browse revenue, funding, and growth data for Kitopi in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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