Rebel Foods Nets $ 210 Mn Pre-IPO Funding Led by Temasek

-Interestingly, the company is valued at $1.4 billion, the same as its last valuation three years ago when it raised $175 million.

-The round includes a mix of primary and secondary transactions, allowing some existing investors to exit.

-It is to be noted that Mumbai-based Rebel Foods became a unicorn in October 2021 after its last funding round.

Rebel Foods, the cloud kitchen operator behind brands including Behrouz Biryani, Faasos, and Oven Story Pizza, has raised $210 million in Series G funding round led by Temasek, the Singapore-based sovereign wealth fund.

Interestingly, the company is valued at $1.4 billion, the same as its last valuation three years ago when it raised $175 million.

The round includes a mix of primary and secondary transactions, allowing some existing investors to exit.

It is to be noted that Mumbai-based Rebel Foods became a unicorn in October 2021 after its last funding round.

The company operates a diverse cloud kitchen ecosystem with brands like Behrouz Biryani, Faasos, Oven Story Pizza, and its D2C platform EatSure.

This latest round highlights Rebel Foods' continued efforts to scale operations and expand its omnichannel presence while maintaining technological leadership in the cloud kitchen space.

Rebel Foods plans to use its newly raised $210 million to strengthen its unit economics, expand its geographical footprint, and enhance its portfolio of brands.

The company operates a diverse network of brands, including: Faasos, Behrouz Biryani, Oven Story Pizza, Lunchbox, The Good Bowl, Sweet Truth and Wendy's (American restaurant chain).

Additionally, Rebel Foods runs its Direct-to-Consumer (D2C) platform EatSure, branded as "Foodcourt on an App", offering convenience and variety for customers.

This strategic investment will enable the company to scale its operations, strengthen technological capabilities, and capture growth opportunities across its core and emerging markets.

Further, Rebel Foods plans to hit the bourses by 2026.

“This funding reinforces our vision to keep strengthening our platform thereby enhancing our portfolio of brands, scale our omnichannel presence, and drive operational excellence globally,” said Jaydeep Barman, co-founder and CEO. 

Barman emphasized that as the company enters its next growth phase, it remains committed to innovation, sustainability, and creating long-term value for both customers and stakeholders.

Currently, Rebel Foods operates 450+ kitchens across 70+ cities in India with global presence including the UAE and UK.

Further the company said, its proprietary platform, Rebel OS, has been pivotal in enabling the scalable growth and rapid expansion of its portfolio brands through its D2C platform, EatSure, and other cloud kitchen operations. This technological backbone supports seamless operations and strategic market entry across diverse geographies.