IPO-Bound Rebel Foods Secures $25 Mn From QIA

IPO-Bound Cloud kitchen startup Rebel Foods has reportedly raised $25 Mn (around INR 212.71 Cr) funding from Qatar Investment Authority.

According to media reports, Rebel Foods has raised new funding at a $1.4 billion valuation.

With this fresh capital, the company plans to grow its physical restaurants and food court business.

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About Rebel Foods

Founded in 2011 by Kallol Banerjee and Jaydeep Barman, the Mumbai-based Rebel Foods started as a delivery-only brand with Faasos. 

Today, it runs several quick service restaurant (QSR) brands, including Behrouz Biryani, Mandarin Oak, Oven Story Pizza, Sweet Truth, LunchBox, The Good Bowl, Firangi Bake, The Biryani Life and Wendy’s.

The company runs over 450 kitchens in more than 70 cities and has a portfolio of 45+ brands across countries like India, the UAE, Saudi Arabia, and the UK.

So far, the startup has raised $773 million and is backed by investors like KKR, Temasek, Lightbox and Evolvence.

The company cut its losses to Rs 378 crore in FY24, down from Rs 657 crore the previous year, driven by better margins and cost efficiencies across its brands.

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