IndiaTechDesk - India's Leading Tech and Startup Media Publication
  • Home
  • TOPICS
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Business
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Ecosystem & Lists
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • Investments
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • enterprise
    • SaaS
    • Venture capital
  • Interviews
  • Events
No Result
View All Result
  • Home
  • TOPICS
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Business
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Ecosystem & Lists
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • Investments
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • enterprise
    • SaaS
    • Venture capital
  • Interviews
  • Events
No Result
View All Result
IndiaTechDesk - India's Leading Tech and Startup Media Publication
No Result
View All Result
Home E-commerce

Cloud Kitchen Startup Rebel Foods Bags $6.6 million in Fresh Funding

Rebel Foods has successfully raised INR 225 crore in debt over three phases in 2022.

IndiaTechDesk Editor by IndiaTechDesk Editor
December 30, 2022
in E-commerce
57 1
0
Cloud Kitchen Startup Rebel Foods becomes the 31st Indian Unicorn after Recent Fundraise
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Rebel Foods, a cloud kitchen startup, has secured $6.6 million from InnoVen Capital and Trifecta Capital in a financing round. The Pune-based company has raised three loan funds in the previous three months.

According to a regulatory filing with the Registrar of Companies (RoC), the board of Rebel Foods has approved a special resolution to issue 5,500 Series E non-convertible debentures at an issue price of INR 1,000,000 per debenture to raise INR 55 crores.

Trifecta Ventures contributed INR 25 crore, with InnoVen Capital contributing INR 30 crore to the round. With this, Rebel Foods has successfully raised INR 225 crore in debt over three phases in 2022.

The startup operates in Indonesia, the UAE, the UK, Singapore, and Malaysia. The company claims to manage more than 4,000 cloud kitchens across 45 brands, including Faasos, Behrouz Biryani, and Ovenstory Pizza.

Rebel Foods became a unicorn in 2021

After raising $175 million in its Series F round, which Qatar Investment Authority dominated in October 2021, the Sequoia-backed company joined the unicorn club. Additionally, as a top-up to the Series F round in November last year, it raised about $14.5 million.

Following the fundraising, it also revealed an ESOP liquidation scheme worth $10 million for qualified current and past employees. Over 150 current and former Rebel Foods employees, according to the firm, were given a chance to sell their vested options.

The cloud kitchen startup saw a respectable 2.1X increase in size, from INR 406 crore in FY22 to INR 859 crore. During that time, it had a 54.9 percent increase in losses to INR 564 crore.

Ninety-eight percent of the company’s operating revenue was generated by selling products (food items), while its main costs were materials, staff perks, advertising, and promotions.

Similar to Rebel Foods, several growth-stage businesses have raised money during the funding winter through debt and convertible notes.

IndiaTechDesk Editor

IndiaTechDesk Editor

IndiaTechDesk is part of beSUCCESS Media group, focusing on Indian startup and tech news, trends and analysis. Write to us at [email protected]

Related Posts

Nourish You bags $2 million in Seed Funding from Marquee of Investors
E-commerce

Nourish You bags $2 million in Seed Funding from Marquee of Investors

January 31, 2023
India’s First B2B Silk-tech Startup, ReshaMandi Secures $30 Million as Series A Funding
E-commerce

Silk-tech Firm ReshaMandi Bags $6.2 million from Stride Ventures

November 23, 2022
Femcare Startup Sanfe Secures $1.5 million to Expand into the Offline Market
E-commerce

Femcare Startup Sanfe Secures $1.5 million to Expand into the Offline Market

November 8, 2022
Delhi-based Consumer Electronics Brand boat to file DRHP for its IPO by January End
E-commerce

Consumer Electronics Startup boAt Bags $60 million, Defers IPO Plans

October 31, 2022
WhatsApp-based Hyperlocal Shopping Startup ChattyBao Bags $5 million in Seed Round
E-commerce

WhatsApp-based Hyperlocal Shopping Startup ChattyBao Bags $5 million in Seed Round

July 29, 2022
Lenskart Scoops Majority Stake in Japanese Direct-to-consumer Eyewear Brand Owndays
E-commerce

Lenskart Scoops Majority Stake in Japanese Direct-to-consumer Eyewear Brand Owndays

June 30, 2022
No Result
View All Result

Follow Us

FREE NEWSLETTER

 




PRODUCTS

ABOUT US

IndiaTechDesk is obsessed with the Indian startup ecosystem, offering intelligent, engaging coverage of the innovations, emerging startups, and entrepreneurship in India.....read more

MORE FROM OUR NETWORK


  • ktd

  • atd

  • itd

  • ktt

  • kgd

  • kpp

  • ktp

  • kpoppost

  • ustechtimes
Categories
  • Accelerator
  • AI & Big Data
  • AR & VR
  • Bitcoin
  • Blockchain
  • Business
  • Clean Technology
  • Competitions
  • Content & Games
  • Coronavirus
  • Cryptocurrency
  • Cybersecurity
  • E-commerce
  • Ecosystem & Lists
  • Education
  • enterprise
  • Enterprise & SaaS
  • entertainment
  • Events
  • featured
  • FinTech
  • Gadgets & Electronics
  • Gaming
  • Guide
  • Health & Bio
  • Incubator
  • Indian Startups
  • Indian Women
  • Insurance
  • Interviews
  • Investments
  • IoT
  • Manufacturing
  • Market
  • Marketplaces & E-commerce
  • Regulation
  • Robotics
  • SaaS
  • Space Startup
  • Transportation & Logistics
  • Travel
  • Uncategorized
  • Venture capital
  • “Contact: [email protected]”
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
  • About Us

Copyright © 2023 indiatechdesk.com

No Result
View All Result
  • Contact Us
  • Homepages
  • Business
  • Guide

Copyright © 2023 indiatechdesk.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In