Lucidity Insights

The Foodtech sector is birthing Unicorns at an unprecedented rate

October 20, 2022

Out of the 64 foodtech unicorns in the world (up to June 2021), nearly half or 31 unicorns were food delivery companies. Dubai-based cloud-kitchen start-up, Kitopi, became MENA’s first Foodtech Unicorn in Q3 2021 when it raised $415M in its Series C