Total amount raised
$787.6 Million
Latest funding date
12/1/2024
Location
Rebel Foods has successfully navigated 26 funding rounds, with its latest being debt financing. The company is backed by 28 investors, including recent contributions from Alteria Capital and InnoVen Capital.
Keep reading to explore the intricacies of Rebel Foods' fundraising journey and the investors backing this innovative foodtech company.
What Is Rebel Foods?
Rebel Foods, based in Mumbai, Maharashtra, India, is a pioneering foodtech company operating in industries such as E-Commerce, Food Delivery, Food Processing, and Mobile Apps. The company employs between 5001-10000 people and has raised significant funding through multiple rounds, primarily via debt financing.
Known for its innovative cloud kitchen model, Rebel Foods manages a variety of food brands, including Oven Story, Lunch Box, and Behrouz, among others. The company aims to combine culinary craftsmanship with technological infrastructure to create a global chain of internet restaurants, focusing on delivering unique and memorable food experiences.
How Much Funding Has Rebel Foods Raised?
- Debt Financing
- Amount Raised: $18,000,000
- Date: September 2022
- Lead Investors: Alteria Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the growth and expansion of Rebel Foods' cloud kitchen operations.
- Debt Financing
- Amount Raised: $12,000,000
- Date: November 2022
- Lead Investors: InnoVen Capital, Trifecta Capital Advisors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance operational capabilities and expand the brand portfolio.
- Debt Financing
- Amount Raised: $6,000,000
- Date: December 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operational expenses and growth initiatives.
- Debt Financing
- Amount Raised: $9,000,000
- Date: April 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund the expansion of cloud kitchen facilities.
- Debt Financing
- Amount Raised: $13,000,000
- Date: May 2024
- Lead Investors: Alteria Capital, InnoVen Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance the technological infrastructure and expand the brand portfolio.
- Series G
- Amount Raised: $210,000,000
- Date: December 2024
- Lead Investors: Temasek Holdings
- Valuation at Round: $1.4 billion
- Motivation Behind the Round: To prepare for an IPO, expand overseas, and leverage new technologies like AI.
- Series G
- Amount Raised: $25,000,000
- Date: April 2025
- Lead Investors: Qatar Investment Authority
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen the platform and enhance the brand portfolio.
- Debt Financing
- Amount Raised: $18,000,000
- Date: September 2025
- Lead Investors: Alteria Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the growth and expansion of Rebel Foods' cloud kitchen operations.
Total Amount Raised: $321,000,000. Current Valuation: $1.4 billion.
Key Investors
- Temasek Holdings
- Details: Temasek Holdings is a global investment company headquartered in Singapore. It led the $210 million Series G funding round for Rebel Foods.
- Investment Focus Areas: Financial services, telecommunications, media & technology, transportation & industrials, consumer & real estate, life sciences & agribusiness, energy & resources.
- Notable Investments: Alibaba, DBS Bank, Singapore Airlines.
- Alteria Capital
- Details: Alteria Capital is a venture debt fund that provides financing to high-growth startups. It has been a lead investor in multiple debt financing rounds for Rebel Foods.
- Investment Focus Areas: Venture debt, high-growth startups.
- Notable Investments: Rebel Foods, Lendingkart, Dunzo.
- InnoVen Capital
- Details: InnoVen Capital is a venture debt firm that specializes in providing debt financing to startups. It has participated in several funding rounds for Rebel Foods.
- Investment Focus Areas: Venture debt, startups.
- Notable Investments: Rebel Foods, Swiggy, Byju's.
- Evolvence
- Details: Evolvence is a private equity firm focusing on growth capital investments. It participated in the $210 million Series G funding round for Rebel Foods.
- Investment Focus Areas: Private equity, growth-stage companies.
- Notable Investments: Careem, Network International, GEMS Education.
- Qatar Investment Authority
- Details: Qatar Investment Authority is a sovereign wealth fund that invests globally across various asset classes. It invested $25 million in the Series G round for Rebel Foods.
- Investment Focus Areas: Real estate, infrastructure, financial services, technology.
- Notable Investments: Volkswagen, Barclays, Harrods.
What's Next for Rebel Foods?
Rebel Foods is poised for significant growth, with plans to expand its EatSure food court format and open more cloud kitchens and brand stores. The company aims to increase its presence to 150-200 cities in India by 2028 and is in talks with new brands for collaboration under its Rebel Launcher vertical. Additionally, Rebel Foods is looking to expand its international footprint, particularly in the UAE and UK, and leverage new technologies like artificial intelligence to enhance operational efficiency.
Future fundraising opportunities are promising, with Rebel Foods eyeing an IPO in the Indian stock market by 2026. This move could open up substantial capital for further expansion and technological advancements. The company has already attracted significant investments, including a $210 million Series G round led by Temasek, indicating strong investor confidence.
However, Rebel Foods may face challenges such as managing the complexities of rapid expansion, integrating new technologies effectively, and navigating regulatory environments in new markets. Competition from other food delivery and online restaurant brands also remains a significant hurdle. Despite these challenges, the company's strategic plans and robust investor backing position it well for future success.
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