And most important of all is that an Emirati cloud kitchen company

jarin06

Has recently received investments worth 415%, in addition to becoming the fastest Arab company to exceed the value of one billion dollars. Kitchens thrive with crises. They first appeared in 2008 when real estate prices were so high that restaurants were unable to rent spaces overlooking the main streets. Some restaurants in the United States rented places in alleys and suburbs, and shared a common kitchen with each other.

But this was only the beginning. As the years passed and customers Chinese Europe Phone Number List preferred to order online and have food delivered to their doorstep, investments began to flow into this sector. For example, in 2017, Traves Kalanick, the founder of Uber, resigned and sold all of his shares in the company, and immediately began his new project, Cloud Kitchens. The company that attracted more attention to the idea of ​​cloud kitchens, especially after investing $130 million in it and purchasing 40 buildings throughout the United States. The company obtained huge financing estimated at $400 million from the Saudi Investment Fund, and achieved great success, reaching today a valuation of $15 billion.




The matter is not limited only to abroad, but several Arab electronic kitchens have appeared, the most famous of which is the Kitopi company, owned by the famous Lebanese founder Muhammad Ballout. Muhammad Ballout found it difficult to expand traditional restaurants and the chronic decline in their profit margins, so he decided to start his cloud kitchen company in 2018. This company now has more than 75 cloud kitchens and is the fastest company to become a unicorn - that is, its value reaches a billion dollars - in the Arab world. Of course, this tremendous success of cloud kitchens would not have been possible without the other crisis - the Corona pandemic - which forced people to rely on delivery food.