Rebel Foods, the cloud kitchen startup that runs brands such as Faasos, Oven Story, Behrouz Biryani and others, has raised $210 million in its Series G funding round. The funding announcement comes as a precursor to the company’s plan of launching an initial public offering (IPO) by 2026, Bloomberg reported.
The investment, which involved the sale of new and existing stock, was led by Singapore’s Temasek Holdings Pte, with participation from existing investor Evolvence.
The fresh infusion has valued the Mumbai-based company at $1.4 billion.
“We’re planning our IPO in the next 18- to 24-month time frame,” Piyush Kakkad, chief financial officer, said in a video interview with Bloomberg. “We’re looking to schedule it at an opportune time.”
Rebel Foods entered the unicorn club (startups valued at $1 billion and above) after raising $175 million in its Series F funding round in October 2021, led by Qatar Investment Authority. Existing investors Coatue and Evolvence also participated in the round.
Founded in 2011 by Jaydeep Barman and Kallol Banerjee, Rebel Foods is a fast-growing internet restaurant company. The company operates over 45 brands and 450 kitchens globally across multiple countries, including India, the United Arab Emirates (Dubai, Abu Dhabi, Sharjah), the United Kingdom, and Saudi Arabia. Its other brands include Mandarin Oak, The Good Bowl, SLAY Coffee, Sweet Truth, Wendy’s, and more.
