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dogusgrubu.com.tr

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Investments

2

Partners & Customers

2

About Dogus Group

Dogus Holding engages in financial services, automotive, construction, media, tourism and services, real estate, energy, and entertainment businesses in Turkey and internationally.

Dogus Group Headquarter Location

Maslak Ayazaga Caddesi, Sarıyer

Istanbul, 34450,

Turkey

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Latest Dogus Group News

Kitopi’s Valuation Reaches $1 Billion Following Series C Funding

Jul 4, 2021

Source: Bloomberg Kitopi raised $415 million in a Series C funding round led by Softbank, with participation from Chimera, DisruptAD, B. Riley, Dogus Group, Next Play Capital and Nordstar. This round marks SoftBank Vision Fund 2’s first investment in a UAE-headquartered company. Kitopi “has crossed the billion dollar valuation mark now,”, said Mohamad Ballout, Kitopi’s CEO. “We now have enough capital to really fuel the growth of our business in the Middle East and to expand globally.” The deal marks one of the largest funding rounds for a Middle East technology company. Kitopi was rated the second most funded startup in the UAE in 2020, however today it has overtaken EPMG as the first. Kitopi operates 60+ cloud kitchens across the UAE, KSA, Kuwait, and more recently, Bahrain. Cloud kitchens, which handle food preparation of delivery orders for multiple restaurant brands, have become a new hotspot for tech investors as the pandemic has hit restaurant dining. Kitopi partners with restaurants and F&B brands, enabling them to expand their reach through its kitchens, in as little as 14 days. Faisal Rehman, Managing Partner for SoftBank Investment Advisers, said: “Constraints placed on the hospitality sector by the global pandemic have rapidly catalyzed the value proposition of cloud kitchens for customers and restaurant brands. We believe Kitopi’s proprietary technology is changing the unit economics of food delivery in providing more choice to more customers, in more places. Moreover, we are delighted to welcome Kitopi as SoftBank’s first UAE-headquartered investment and are excited by the company’s growth prospects in the region and beyond. The funding package will be used to accelerate the firm’s expansion in Saudi Arabia and also to start operations in new countries. Kitopi will make Saudi Arabia its Middle East headquarters while Dubai will remain a global head office as it looks to expand into Southeast Asia. If you see something out of place or would like to contribute to this story, check out our Ethics and Policy section. CLOUD KITCHEN

Dogus Group Investments

2 Investments

Dogus Group has made 2 investments. Their latest investment was in Kitopi as part of their Series C - II on May 5, 2022.

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Dogus Group Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/10/2022

Series C - II

Kitopi

$300M

No

4

7/1/2021

Series C

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$99M

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10

Date

5/10/2022

7/1/2021

Round

Series C - II

Series C

Company

Kitopi

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Amount

$300M

$99M

New?

No

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Co-Investors

Sources

4

10

Dogus Group Acquisitions

1 Acquisition

Dogus Group acquired 1 company. Their latest acquisition was Istanbul Doors Group on November 20, 2012.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

11/20/2012

$99M

Acquired

1

Date

11/20/2012

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Acquired

Sources

1

Dogus Group Partners & Customers

2 Partners and customers

Dogus Group has 2 strategic partners and customers. Dogus Group recently partnered with Nexans on February 2, 2016.

Date

Type

Business Partner

Country

News Snippet

Sources

2/16/2016

Vendor

France

Dogus Construction Group selects Nexans cables to power new Istanbul Metroline - Nexans

Dogus Construction Group selects Nexans cables to power new Istanbul Metroline .

1

12/1/2013

Partner

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10

Date

2/16/2016

12/1/2013

Type

Vendor

Partner

Business Partner

Country

France

News Snippet

Dogus Construction Group selects Nexans cables to power new Istanbul Metroline - Nexans

Dogus Construction Group selects Nexans cables to power new Istanbul Metroline .

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Sources

1

10

Dogus Group Team

3 Team Members

Dogus Group has 3 team members, including former Chief Financial Officer, Murat Cinaroglu.

Name

Work History

Title

Status

Murat Cinaroglu

Marka Holding, Louis Vuitton, and PwC

Chief Financial Officer

Former

Ertan Turkmen

Chief Financial Officer

Former

Ozlem Denizmen

Executive Vice President

Former

Name

Murat Cinaroglu

Ertan Turkmen

Ozlem Denizmen

Work History

Marka Holding, Louis Vuitton, and PwC

Title

Chief Financial Officer

Chief Financial Officer

Executive Vice President

Status

Former

Former

Former

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