A mix of primary and secondary share sales is the basis for Rebel Foods $210 million Series G funding round. Temasek was in charge of the Series G round, with Evolvence joining in.

Certain investor exits were facilitated without disclosing their names, according to the company. Peak XV, Lightbox, Evolvence India and Coatue are its notable backers.

The equity round comes after a gap of three years. Five tranches of debt funding have been used to raise nearly $50 million over the past two years.

Rebel Foods said in a press release that the capital will be instrumental in expanding its footprint and strengthening its platform by enhancing its portfolio of brands.

The Competition Commission of India has approved the development. Rebel has been working on securing this funding round for about a year. The company recently finalized the deal, largely due to significant efforts to lower its monthly cash burn.

Over 450 cloud kitchens are operated by Rebel Foods across India, the MENA region, Indonesia, the UK and 75 Indian cities. The company's income from operations increased to Rs. 1,420 crores in FY24, while its losses decreased by more than 42% to Rs. 378 crore.

Rebel Foods commitment to delivering value to its stakeholders was underscored by the fact that certain investors received exits during the round.

Money goes directly into the firms bank accounts in a primary round, and company shares are transferred from one investor to another in a secondary round. Nothing is deposited into the company’s coffers.