Smart-kitchen startup Kitopi lays off 124 NYC employees

Pandemic has “led to difficult decisions,” a spokesperson said

TRD New York /
Apr.April 30, 2020 11:00 AM
Kitopi CEO Mohamad Ballout (Credit: Kitopi and iStock)

Kitopi CEO Mohamad Ballout (Credit: Kitopi and iStock)

Kitopi, a startup that provides kitchen and delivery services to restaurants, has laid off 124 employees in New York — just months after raising $60 million to expand its U.S. operations.

In a notice published with the state this week, the company blamed “unforeseeable business circumstances” caused by the coronavirus for its decision to cut staff.

A spokesperson told Commercial Observer the company had taken “measures to ensure the overall sustainability of our business,” adding that the pandemic had “led to difficult decisions.”

Founded in Dubai in 2017, Kitopi provides “ghost kitchens” — privately managed cooking spaces and staff — that can deliver for restaurants unable to keep up with the demands of food delivery.

In addition to its New York kitchens, the first of which was opened last November in Brooklyn, the company has 30 other kitchens in London and Dubai. Kitopi’s latest funding round announced in early February brought its total capital raised to $89 million, and was led by Knollwood and Lumia Capital. It also attracted investments from CE Ventures, GIC, Rise Capital, Reshape, Global Ventures and Wilshire Lane Partners. [CO] — Sylvia Varnham O’Regan


Related Articles

arrow_forward_ios
Looting devastates LA’s prime retail corridors

Looting devastates LA’s prime retail corridors

Looting devastates LA’s prime retail corridors
Marcus & Millichap laying off 20% of workforce

Marcus & Millichap laying off 20% of workforce

Marcus & Millichap laying off 20% of workforce
Macerich’s Thomas O’Hern

Mall free fall: Macerich collects just 26% of April rent payments

Mall free fall: Macerich collects just 26% of April rent payments
For top LA resi agents, it’s strictly posi vibes

For top LA resi agents, it’s strictly posi vibes

For top LA resi agents, it’s strictly posi vibes
Don’t sound the alarm! CA May rent checks not in freefall

Don’t sound the alarm! CA May rent checks not in freefall

Don’t sound the alarm! CA May rent checks not in freefall
RE/MAX CEO Adam Contos (Credit: Facebook)

RE/MAX ready for “full brunt” of pandemic: CEO

RE/MAX ready for “full brunt” of pandemic: CEO
Neiman Marcus Group CEO Geoffroy van Raemdonck and Neiman Marcus at Hudson Yards (Credit: Raemdonck by NEIL RASMUS/Patrick McMullan via Getty Images; background by Noam Galai/Getty Images)

Neiman Marcus files for bankruptcy, casting uncertainty over Hudson Yards

Neiman Marcus files for bankruptcy, casting uncertainty over Hudson Yards
110 East 76th Street and Joseph Chetrit (Credit: Google Maps; Sylvain Gaboury/Patrick McMullan via Getty Images)

Joseph Chetrit sells UES townhouse for $25M

Joseph Chetrit sells UES townhouse for $25M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...