Mohamad Ballout

CEO & Co-Founder, Kitopi
United Arab Emirates,United Arab Emirates
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Who Is Mohamad Ballout?

Total Experience25 years
CompanyKitopi
CountryUnited Arab Emirates

Mohamad Ballout is a highly accomplished entrepreneur and business leader, renowned as the Co-founder and CEO of Kitopi, the world's leading managed cloud kitchen platform. With a background in industrial engineering and management, he has demonstrated a profound ability to identify market gaps and build scalable, technology-driven solutions. Before revolutionizing the food-tech industry with Kitopi in 2018, Mohamad co-founded BMB Group, a successful confectionery and healthy snacks manufacturer, which he grew into a major regional player before a successful exit. His strategic vision and relentless focus on operational excellence have been instrumental in Kitopi's rapid growth, securing its status as one of the fastest-growing unicorns in the Middle East. He is widely recognized as a key figure shaping the future of the F&B and technology sectors.

How Did Mohamad Ballout's Career Path Shape Their Journey?

Mohamad Ballout's work history includes a series of influential roles in various companies. Here is a detailed list of his professional journey:

Kitopi - CEO & Co-Founder(2017 to Present)
Ripples Capital - CEO(2017 to Present)
BMB Group - Co-founder(2007 to 2016)

What Are Mohamad Ballout's Key Achievements?

Co-founding and Scaling Kitopi to a Unicorn

Co-founded Kitopi in 2018 and, as CEO, led its explosive growth. He spearheaded a $415 million Series C funding round in 2021, elevating the company's valuation to over $1 billion and establishing it as a leading unicorn in the MENA region's tech landscape.

Successful Exit from BMB Group

Prior to Kitopi, he co-founded BMB Group in 2007. He successfully built the confectionery and snack business from the ground up, scaling its operations across the region before orchestrating a successful exit, showcasing his entrepreneurial acumen.

Forbes Middle East Top 100 CEOs Recognition

In recognition of his significant impact on the regional economy and his leadership at Kitopi, Mohamad Ballout was named one of the Top 100 CEOs in the Middle East by Forbes in 2022, cementing his status as an influential business leader.

Securing Major Strategic Partnerships

Under his leadership, Kitopi has forged strategic partnerships with over 200 global and local F&B brands, creating a robust and diverse culinary ecosystem on a single platform and fundamentally changing how restaurants expand their reach.

What's Mohamad Ballout's Educational Background?

Master of Science (MS), Management

Imperial College London

Bachelor of Science (BS), Mathematics and Economics

University of Warwick

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Company Overview

Kitopi
Total employees5000
HeadquartersDubai
Founded2018

Kitopi is a leading tech-powered, managed cloud kitchen platform. It partners with food and beverage (F&B) brands, providing them with the infrastructure and software to expand their delivery reach without the need for significant capital investment in traditional brick-and-mortar locations. From sourcing ingredients and cooking to managing delivery and customer service, Kitopi handles the entire end-to-end operations, allowing restaurant brands to scale rapidly and efficiently across new markets.

Kitopi Funding Information
Unknown - Total Funding Raised
$100M - Most recent funding amount
6 - Number of funding rounds
2 Mar, 2022 - Latest funding round
Lead Investors:
SoftBank Vision Fund 2
Chimera
DisruptAD
B. Riley
Nordstar
Next Play Capital
Dogus Group
BECO Capital

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