Private Equity Fund Investments
Cloud kitchens operator Rebel Foods raises $14.5 M from Mando Corp, Acernis Ventures, Alimco
Mumbai-based food ordering unicorn Rebel Foods has topped up its Series F round with a USD 14.5 million fundraise from Mando Corporation, Acernis Ventures and Alimco. The company had recently raised USD 175 million in this round at a USD 1.4 billion valuation. The company has passed a resolution to allot 10,150 Series F preference shares at INR 106,058 each to raise INR 107.65 crore (USD 14.5 million). Mando Corporation has invested INR 59.5 crore followed by Acernis Ventures and Alimco, which have put in INR 25.9 crore and INR 22.3 crore, respectively. The Jaydeep Barman-led company owns Faasos, Behrouz Biryani and Ovenstory Pizza brands, and operates more than 45 brands across India, Indonesia, the UAE, the UK and Singapore. Rebel Foods gets more than 60% of its order volume from food delivery firms Swiggy and Zomato.
From the Venture Intelligence PE-VC Deal Database: Between Oct-11 and Oct-21, Rebel Foods raised nearly $472-M from Coatue Management, Qatar Investment Authority, Evolvence India, Alteria Capital, Go-Jek, Goldman Sachs, Lightbox, Sequoia Capital India, Sistema Asia Fund, Lightbox, RTP Global, RB Investments, Beenext, and others. Some investors have made partial exits. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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