Rebel Foods, a foodtech company, has revealed its $210 million Series G funding round, which includes both primary and secondary share sales. Temasek led the Series G round, and current investor Evolvence also participated.
The company claims that the round also made it possible for some investors to leave without revealing their identities. Its prominent backers include Coatue, Lightbox, Evolvence India, Peak XV, and Qatar Investment Authority.
Three years have passed since the Mumbai-based company’s last equity round. But over the last two years, it has raised almost $50 million through five debt funding tranches.
According to a press release from the company, the funding will be crucial to Rebel Foods’ efforts to increase its footprint and fortify its platform by diversifying its brand portfolio.
The Competition Commission of India (CCI) gave its approval shortly after the development.
According to Rebel Foods, there are more than 450 cloud kitchens in 75 Indian cities, the MENA region, Indonesia, and the United Kingdom. The company’s operating revenue rose to Rs 1,420 crore in FY24, while its losses decreased by over 42% to Rs 378 crore in the same time frame.
Curefoods, EatClub, Biryani By Kilo, FreshMenu, Biryani Blues, Kitchens@, Bigspoon, and HOI Foods are Rebel Foods’ main rivals.
