Rebel Foods, an internet restaurant company, has raised $210 million in its Series G funding round led by Temasek with participation from existing investor Evolvence. The round comprises a mix of primary and secondary share sales, allowing current shareholders to sell some of their holdings.
The Mumbai-based company is now valued at $1.4 billion. This latest infusion comes after the company’s $21 million Series A round from Alteria Capital and Innoven Capital in August 2022 at a valuation of $1.4 billion. The latest round brings the total equity infusion into the company to around $726 million.
The newly raised capital will be used to expand its footprint and strengthen its platform by enhancing its portfolio of brands.
Commenting on the announcement, Jaydeep Barman, Co-founder and CEO, Rebel Foods said, “We are honored to have Temasek join us on our journey, alongside the continued trust of Evolvence. This funding reinforces our vision to keep strengthening our platform thereby enhancing our portfolio of brands, scale our omnichannel presence, and drive operational excellence globally. As we enter this next phase of growth, we remain steadfast in our commitment to innovation, sustainability, and creating lasting value for our customers and stakeholders.”
Founded in 2011 by Jaydeep Barman, Rebel Foods is an Indian online restaurant company that operates 11 cloud kitchen brands. Rebel Foods has built an unparalleled ecosystem of brands, including Faasos, Behrouz Biryani, Oven Story Pizza, Lunchbox, The Good Bowl, Sweet Truth, Wendy’s, and more apart from its innovative ‘Foodcourt on an App’ and D2C platform named EatSure.
Operating over 450 kitchens across 70+ cities in India and expanding into international markets such as the UAE and UK, Rebel Foods has revolutionized the food industry with its proprietary tech stack, Rebel OS.
