Debt financing
Cloud kitchen co. Rebel Foods raises Rs.150-Cr
Mumbai-based foodtech Unicorn Rebel Foods has raised INR 150 crore (USD 17 million) through issue of 15,000 non-convertible debentures (NCDs) at INR 1,00,000 per share. The round was led by existing investor Alteria Capital, investing INR 90 crore (USD 10.2 million) with participation from InnoVen Capital investing INR 60 crore (USD 6.8 million).Founded in 2011 by Jaydeep Barman and Kallol Banerjee, Rebel Foods operates multiple quick-service restaurant (QSR) brands such as Behrouz Biryani, Ovenstory Pizza, The Good Bowl, SLAY Coffee, and Wendy’s.
Between Oct-11 and Dec-24, Rebel foods had attracted about USD 827 M from Peak XV Partners, Lightbox, Beenext, RB Investments, RTP Global, Evolvence, Sistema Asia Fund, Alteria Capital, Coatue Management, Go-Jek, Goldman Sachs, Others.For FY24, Rebel Foods had reported about INR 1,420.24Cr in Operating Income and about INR 378.21Cr in Net Loss.
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