Rebel Foods, Mumbai-based cloud kitchen operator, announced it has raised $50 million in a fresh funding round from existing investor, US-based hedge fund Coatue Management, according to its filings with the Registrar of Companies.
Earlier in 2019, Coatue Management had led an equity financing round of $125 million in Rebel Foods. The financing round saw participation from the investment arms of ride-hailing major Go-Jek and Goldman Sachs. That round valued the decade-old company at about $525 million.
In February, it had closed a $4.91 million venture debt round from Alteria Capital, according to data collated by industry tracker Tracxn.
The company was founded by INSEAD alums Jaydeep Barman and Kallol Banerjee in 2010. The company rebranded itself as Rebel Foods Pvt. Ltd. in 2018. Formerly it was called Faasos.
Rebel Foods operates over 2,100 internet restaurants and an estimated 300 cloud kitchens across three countries.
In February, Bennett Coleman and Company Ltd (BCCL) announced that it has picked up an equity stake in cloud kitchen startup Rebel Foods.
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