Cloud kitchen operator Rebel Foods grants $23.1 M in ESOP to co-founders

Mumbai-based cloud kitchen operator Rebel Foods has approved a fresh employee stock option (ESOP) grant valued at about USD 23.1-M to its five co-founders. The company's board cleared the issuance of 25.36 lakh options at an exercise price of USD 9.1 per option.The grant allocation includes 17.09 lakh options for chief executive officer Ankush Grover, valued at USD 15.6-M. Jaydeep Barman received 4.27 lakh options worth USD 3.89-M, while co-founders Piyush Kakkad, Soumyadeep Barman, and Ankur Sharma were each awarded 1.34 lakh options valued at about USD 1.22-M.Founded in 2011, Rebel Foods manages brands including Faasos, Behrouz Biryani, Oven Story Pizza, Sweet Truth, and The Good Bowl.