SoftBank Vision Fund II in talks to invest in Dubai cloud kitchen Kitopi

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.