M&A

M&A

Rebel Foods acquires majority stake in chocolate brand Smoor

INC42  

Foodtech unicorn Rebel Foods has acquired a majority stake in Bangalore-based luxury chocolate brand Smoor at a valuation of USD 50 million. Smoor, the fourth brand investment by Rebel Foods, eyes to grow by three times in FY 2022-23. It claims to have grown over 120% in the last year and is looking to achieve a scale of USD 100 million annual revenue by 2026.