Mumbai, India – Rebel Foods, the operator behind popular cloud kitchen brands such as Behrouz Biryani, Faasos, and Oven Story Pizza, has raised $210 million in its latest funding round. The investment, led by Singapore’s sovereign fund Temasek, includes a mix of primary and secondary transactions. Rebel Foods’ valuation remains steady at $1.4 billion, the same as its last funding round over three years ago.
Investment Highlights
- The funding round, valued at $210 million, comprises a significant portion of secondary transactions, enabling partial exits for early investors.
- Existing investor Evolvence also participated in this round.
- Rebel Foods continues its journey as a unicorn after first achieving the status in October 2021 when it raised $175 million at the same valuation.
Strategic Expansion and Growth Plans
With the fresh capital, Rebel Foods aims to:
- Expand its footprint across existing and new geographies.
- Add more cloud kitchen brands to its growing portfolio.
- Strengthen its omnichannel presence, integrating both online and offline operations to cater to evolving consumer needs.
The company has already ventured into international markets, including the UK and the UAE, showcasing its ability to scale globally.
Leadership Insights
Jaydeep Burman, Co-founder and CEO of Rebel Foods, shared:
“This funding will accelerate our ability to expand our footprint and strengthen our brand portfolio. We are also focusing on scaling our omnichannel presence to meet the needs of a rapidly evolving market.”
Industry Impact
Rebel Foods has redefined the food delivery ecosystem with its cloud kitchen model, enabling the efficient production and distribution of multiple brands from a single location. Supported by major investors like Qatar Investment Authority (QIA), Peak XV Partners, Lightbox, and Coatue, Rebel Foods continues to set benchmarks in the food-tech space.
By leveraging this funding, Rebel Foods is poised to enhance its global presence and solidify its position as a leader in the cloud kitchen industry.
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