Set up in 2011 by Jaydeep Barman and Kallol Banerjee, Rebel Foods operates 45 cloud kitchens including Faasos, Behrouz Biryani, The Good Bowl, Sweet Truth, Ovenstory Pizza, and Mandarin Oak, among others.
Foodtech Unicorn Rebel Foods has raised $12.5 Mn (INR 100 Cr) in a debt funding round from InnoVen Capital and Trifecta Capital. For the same, the unicorn has issued 10K Series E non-convertible debentures to Innoven and Trifecta at a price of INR 1 Lakh apiece. Both investors have infused INR 50 Cr each in the cloud kitchen startup.
The development has come a few months after sources reported that Rebel Foods introduced a $10 Mn ESOP liquidation program for 150 current as well as former employees. Set up in 2011 by Jaydeep Barman and Kallol Banerjee, Rebel Foods operates 45 cloud kitchens including Faasos, Behrouz Biryani, The Good Bowl, Sweet Truth, Ovenstory Pizza, and Mandarin Oak, among others.
Note: A cloud kitchen is a concept of the delivery-only restaurant with no physical space, no dine-in space, or takeaway counter.
In April, Rebel Food said that it aims to add about 50 food categories such as North Indian, South Indian, Indian sweets, and sandwiches, among others in the next few years. In January, Rebel Foods acquired over 50% stake in D2C startup SMOOR to strengthen its portfolio companies. Post this transaction, SMOOR’s valuation climbed up to $50 Mn.
