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Economy Local 2026-01-29T16:17:48+00:00

EvolutionX Invests $50M in Kitopi for GCC Expansion

The platform EvolutionX, founded by Temasek and DBS, led a $50 million funding round for Kitopi. The funds will be used to expand Kitopi's brands across the GCC and accelerate its franchise strategy.

EvolutionX Invests $50M in Kitopi for GCC Expansion

EvolutionX, a platform specializing in corporate credit for growth-stage companies founded by Temasek and DBS bank, announced its first investment in the Gulf Cooperation Council (GCC) markets. The platform led a $50 million growth funding round for Kitopi, a company building a next-generation ecosystem for the food and beverage sector in the region. The funding aims to support Kitopi's plans for regional expansion of its brands into high-growth markets, including the UAE, Saudi Arabia, Qatar, Bahrain, and Kuwait, alongside accelerating its franchise expansion strategy.

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