Rebel Foods, the parent company of many cloud kitches have raised raised a sum of $50 million in a recently held fresh funding round from a US-based hedge fund Coatue Management, an existing investor.

The latest equity financing round follows the $125 million raised by the Mumbai-based company in August last year, which was also led by technology focused Coatue Management and saw participation from the investment arms of ride-hailing major Go-Jek and Goldman

Sachs. That round valued the decade-old company at about $525 million.

In February, it had closed a $4.91 million venture debt round from Alteria Capital, according to data collated by industry tracker Tracxn.

The company, founded by INSEAD alums Jaydeep Barman and Kallol Banerjee in 2010, has issued 5,627 Series E1 compulsorily convertible cumulative shares at Rs 6,73,828.66 per share to Coatue PE Asia, according to the filings with the RoC, which were accessed by business intelligence platform Tofler.Additionally, it will also invest Rs 3 crore through primary and secondary transactions in Bengaluru-based home chef platform FoodyBuddy, according to the filings.

Rebel Food is backed by big VCs of the industry such as Sequoia Capital, Lightbox, ru-Net and Uber co-founder and former chief executive Travis Kalanick.If the latest fund infusion is to be considered the actual value of the the company which is also a tough competitor of online food portals likeZomato and Swiggycan be estimated to be over $700 million.