Cloud kitchen unicorn Rebel Foods conducts $8.2 M ESOP buyback

Mumbai-based cloud kitchen unicorn Rebel Foods will be conducting ESOP Buyback worth USD 8.2 million (INR 62.5 crore). Rebel Foods' former and current employees will be participating in this ESOP buyback. The startup will be buying back 7,270 equity shares from its employees at a price of INR 86,019 per share. Founded in 2011 by Jaydeep Barman and Kallol Banerjee, Rebel Foods is the parent company of cloud kitchens such as Faasos, Behrouz Biryani, Ovenstory Pizza, Mandarin Oak, The Good Bowl, SLAY Coffee, and Sweet Truth. It entered the unicorn club last year after raising USD 175 million in its Series F funding round.