Cloud kitchen startup Rebel Foods has secured its fourth round of debt financing by raising Rs 75 crore ($9.1 million) from investors Stride Ventures and Northern Arc.
The startup received Rs 55 crore ($6.6 million) in December of last year from Trifecta Capital and Innoven Capital, and it had previously received Rs 100 crore ($12.2 million) from the same investors, as per reported by BW Disrupt.
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Rebel Foods has so far raised more than Rs 4,200 crore ($513 million) in loan and equity finance. The company’s expansion goals are anticipated to be supported by this cash, which is also expected to improve operations. This will increase the company’s market share in the fiercely competitive meal delivery sector.
Rebel Foods recently secured Rs 100 crore ($12.2 million) in loan financing from investors Stride Ventures and Northern Arc, according to documents filed with the Ministry of Corporate Affairs. Northern Arc contributed Rs 25 crore, while Stride Ventures contributed Rs 75 crore.
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About Rebel Foods
Rebel Foods, previously known as Faasos, is the world’s largest chain of online restaurants. In 2015 the company discovered. Rebel Foods launched a cloud kitchen model in India, establishing a multi-brand concept that now operates over 15 proprietary brands such as Behrouz Biryani, Ovenstory Pizza, Faasos, Mandarin Oak, and Sweet Truth, utilizing a combination of culinary expertise and technological infrastructure. Currently, Rebel Foods has over 3,000 restaurants across 350+ kitchens in 40+ cities in 4 countries, namely India, UAE, Indonesia, and the UK, catering to over 2 million customers.
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