Rebel Foods joins unicorn club after $175 million fundraise
Rebel Foods, which operates a network of cloud kitchens and digital brands, has raised $175 million in a round led by Qatar Investment Authority (QIA), the country’s sovereign wealth fund. Existing investors Coatue and Evolvence India also participated.
It will use the new funds to expand worldwide, build its technology and add more food brands to its existing 45. It currently operates over 450 kitchens in 10 countries, including Indonesia, the United Arab Emirates, and the United Kingdom.
Founded in 2011 by Jaydeep Barman and Kallol Banerjee, Rebel Foods created brands such as Faasos, Behrouz Biryani, Ovenstory Pizza, and Mandarin Oak. Last year, it took over the India franchise of the US burger brand Wendy’s.
Source Credit: Economic Times
