Private Equity Fund Investments
Cloud kitchen operator Rebel Foods raises $175-M; turns Unicorn
Mumbai-based “cloud kitchens†operator Rebel Foods Pvt has raised $175 million in a funding round led by the sovereign wealth fund Qatar Investment Authority. Existing investors Coatue Management and Evolvence India joined the funding at a $1.4 billion valuation. Rebel operates more than 45 brands including Faasos Wraps to Behrouz Biryani to Ovenstory Pizza and across 10 countries including India, Indonesia, the United Arab Emirates and Malaysia. The company, which joins the Indian Unicorn list, will use the funds to grow its international presence, build its ordering and delivery technology and acquire more restaurant brands.
From the Venture Intelligence PE-VC Deal Database: Between Oct-2011 and Jul-2020, Rebel Foods had raised over INR 2,000 Cr from Go-Jek, Coatue Management, Goldman Sachs, Alteria Capital, Lightbox, Evolvence India, Sequoia Capital India, Sistema Asia Fund, Lightbox, RTP Global, Beenext and RB Investments. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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