According to sources, the company’s valutions, after the investment, will be $525 million. The company claims to expand its presence into Southeast Asia and the Middle East.
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.
The firm currently currently operates a network of 235 cloud kitchens in 20 Indian cities with an order volume of two million per month.
Also, the company has launched 1,600 internet restaurants in India across 11 brands.