Kenya-based food delivery service receives funding boost
Founded by French entrepreneur Robin Reecht in 2020, Kenyan food tech start-up Kune delivers freshly made, ready-to-eat meals at affordable prices. In June it closed a $1m pre-seed round to help it scale after a successful pilot. Aimed at busy Nairobians from all social groups, Kune’s ready meals
promise to be at least half, if not three times, cheaper than restaurant food. Following a successful pilot in early 2021, the on-demand delivery service was launched in August. The company will have the capacity to produce 5,000 servings a day using cloud and dark kitchens. All meals will be made and packaged on site at its factory hub and delivered to online, retail and corporate customers.
Dubai-based cloud kitchen start-up crosses the billion- dollar valuation mark
In one of the largest funding rounds for a Middle East technology company, Dubai-based cloud kitchen start-up Kitopi has raised $415m from a group of investors including SoftBank Vision Fund 2, propelling it to unicorn status. Despite the pandemic, Kitopi, which was founded in January 2018 and currently operates 60+ kitchens in the UAE, KSA, Kuwait and Bahrain, saw a growth of 300% in 2020. Kitopi will channel the new funding into its continued Middle East expansion and support entry into new markets such as Southeast Asia, which has a fast- growing online food delivery market. The company will also continue to innovate and expand its tech stack. A large part of its competitive advantage is its
proprietary Smart Kitchen Operating System (SKOS), a suite of applications that optimizes the performance of its cloud kitchen operations in real time.
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