Go-Jek, a ride-hailing major, situated in Indonesia, has infused ₹34.7 crore in the ongoing Series D round of Pune-based cloud kitchen startup Rebel Foods, of the Faasos brand. The investment was made through Go-Jek’s venture capital arm Go Ventures.
The startup had also received $4.2 million from venture debt fund Alteria Capital in January this year.
Rebel Foods was founded by Jaydeep Barman and Kallol Banerjee in 2010. It started out as a quick-service restaurant (QSR) and is now a multi-brand cloud kitchen model that has established brands like Faasos, Oven Story, Firangi Bake, Mandarin Oak, Kettle & Eggs, and Behrouz under Rebel Foods.
While, Go-Jek is a transportation network company and logistics startup company based in Jakarta, Indonesia. The Indonesia-based company was founded by Nadiem Makarim in 2010.
The company began services as a bike-taxi service and has since expanded its verticals into food, courier and grocery delivery services in Southeast Asia.
In the last two years, the company has opened 1,100+ internet restaurants in India across nine brands in more than 15 Indian cities.
According to media reports, hospitality unicorn OYO is also trying expansion in the cloud kitchen space with the acquisition of FreshMenu. Last month, IvyCap Ventures led a Series A funding of $5 million in Biryani delivery startup Biryani By Kilo (BBK).