Dubai: SoftBank Group Corp. is in talks to invest in Dubai-based cloud kitchen Kitopi’s latest funding round using its second technology fund, sources familiar with the matter said.
The Japanese company’s Vision Fund II has put forward a proposal to lead an investment of about $400 million in Kitopi, said the sources, who declined to be named as the matter is not public. Kitopi operates more than 60 kitchens and has more than 1500 employees.
SoftBank and Kitopi declined to comment for this story.
