By Lucidity Insights Research Team • December 26, 2022
Foodtech Startups Raise Record Amounts in 2021
Q1 2021 was a record quarter with larger deal sizes going towards Foodtech start-ups; the first half of 2021 raised $22.3 million USD, almost the amount raised for the all of 2020.
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Primed for Growth: Cloud Kitchens in the GCC
Discover how the GCC region is emerging as a global hotspot for the booming cloud kitchen industry. With the global market projected to hit $71.4 billion by 2027, the Gulf is riding a wave of innovation and investment. From Dubai’s dominance as a FoodTech hub to Saudi Arabia’s rapid market expansion, this comprehensive report explores key players like Kitopi, Sweetheart Kitchen, and Kitch-In. Learn how cloud kitchens are transforming food delivery with tech-driven efficiency, reduced overheads, and scalable business models. Dive into detailed market forecasts, investment trends, and success stories shaping the next frontier in the food and beverage sector.
Other Videos
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Refers to the cross-section of Agriculture and Technology. It involves harnessing the power of technology to maximize productivity, yield, and overall efficiency.
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What are the most populous cities across the GCC
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What are the UAE’s Online Food Delivery Market Trends?
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How do GCC Countries compare for Online Food Delivery Market Size and future forecasts?
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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,
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Discover which GCC countries are major battlegrounds for food delivery and cloud kitchen players, and learn why some countries have lower adoption rates.
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Learn why Saudi Arabia is the most appealing market for consumer-tech start-ups in the GCC, followed by the United Arab Emirates.
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Kuwait has the highest average revenue per online food delivery user in the region, and is home to Talabat and KLC – who are regional heavy-weights.
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Saudi is the most populous country with the largest online food delivery market in the GCC comprises 45% of the market and forecasts the largest growth in 2025.
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Cloud Kitchens are streamlined commercial kitchens designed specifically with food delivery in mind... and it's taking the world by storm.
