Rebel Food Turns Unicorn with $175 Million Funding at Valuation of $1.4 Billion
E-Restaurant Company Rebel Foods step-into India’s elite unicorn club with fundraise of $175 million at a valuation of $1.4 billion in series F funding round.
The company said the funding round was organised by Qatar Investment Authority (QIA), with contribution from existing investors Evolvence and Coatue. Rebel Foods has ranked 3rd unicorn to step-into famous club with this investment in a flash of three days after Licious and CoinsSwitch Kuber.
Rebel Foods appointed Goldman Sachs as the exclusive financial advisor and Shardul Amarchand Mangaldas as the legal advisor for this transaction, the company said. It further revealed that profit is constantly thriving with annual rate sales of $150 million with 100 per cent growth and is aiming an IPO (Initial Public Offering) in the next two years.
Rebel Foods was founded by Jaydeep Barman and Kallol Banerjee in 2011. Rebel foods is famous for its cloud kitchen brands such as MANDRAIN Oak, Faasos, Ovenstory Pizza, Behrouz and Good Bowl. It has ranked now as India’s 32nd unicorn in 2021.
It handles over 45 brands and around 450 kitchens world-wide across ten countries – Bangladesh, Hong Kong, India, Indonesia, Malaysia, Singapore, Thailand and United Kingdom. It also handles over 4000 E-Restaurants.
The company said “With the influx of fresh funding, Rebel Foods will continue to focus on growing their international footprint, technology and brand acquisitions”. It further said the fundraising will helps to complete the ambition of bringing the highest quality brands across food missions to customers.
Ravi Golani, Chief Strategy Officer of Rebel Foods, said, “We are excited to welcome QIA, which has a track record of being a long-term supportive investor”. Food-tech industy has progressed towards better personification, transformation and clarity, added Mr. Golani.
Piyush Kakkad, Chief Financial Officer said while the company is thrilled about entering into unicorn club, its aim remains on improving customer experience in “the Rebel way”.
The company has already designed its technology – Rebel OS. Through this, multiple brands are launched and expanded in a short time.
The company said the funding round was organised by Qatar Investment Authority (QIA), with contribution from existing investors Evolvence and Coatue. Rebel Foods has ranked 3rd unicorn to step-into famous club with this investment in a flash of three days after Licious and CoinsSwitch Kuber.
Rebel Foods appointed Goldman Sachs as the exclusive financial advisor and Shardul Amarchand Mangaldas as the legal advisor for this transaction, the company said. It further revealed that profit is constantly thriving with annual rate sales of $150 million with 100 per cent growth and is aiming an IPO (Initial Public Offering) in the next two years.
Rebel Foods was founded by Jaydeep Barman and Kallol Banerjee in 2011. Rebel foods is famous for its cloud kitchen brands such as MANDRAIN Oak, Faasos, Ovenstory Pizza, Behrouz and Good Bowl. It has ranked now as India’s 32nd unicorn in 2021.
It handles over 45 brands and around 450 kitchens world-wide across ten countries – Bangladesh, Hong Kong, India, Indonesia, Malaysia, Singapore, Thailand and United Kingdom. It also handles over 4000 E-Restaurants.
The company said “With the influx of fresh funding, Rebel Foods will continue to focus on growing their international footprint, technology and brand acquisitions”. It further said the fundraising will helps to complete the ambition of bringing the highest quality brands across food missions to customers.
Ravi Golani, Chief Strategy Officer of Rebel Foods, said, “We are excited to welcome QIA, which has a track record of being a long-term supportive investor”. Food-tech industy has progressed towards better personification, transformation and clarity, added Mr. Golani.
Piyush Kakkad, Chief Financial Officer said while the company is thrilled about entering into unicorn club, its aim remains on improving customer experience in “the Rebel way”.
The company has already designed its technology – Rebel OS. Through this, multiple brands are launched and expanded in a short time.
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