Debt

Debt financing

Rebel Foods raises Rs.75-Cr from Stride Ventures, Northern Arc

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Cloud kitchen brand Rebel Foods, the parent company of EatSure (previously Faasos) has raised INR 75 crore in debt from Northern Arc Capital and Stride Ventures. Rebel Foods will issue 7,500 Series F non-convertible debentures at an issue price of INR 1,00,000 per debenture. Northern Arc has invested INR 25 crore while Stride Venture invested INR 50 crore. In 2022, the Bengaluru-based firm had raised INR 225 crore in debt across three rounds from InnoVen Capital, Trifecta Ventures and Alteria Capital. Rebel Foods claims to operate over 450 kitchen locations and over 4,000 internet restaurants across 70 cities in 10 countries. It operates food brands such as Faasos, Behrouz Biryani, Ovenstory Pizza, Mandarin Oak, The Good Bowl, and Slay Coffee.