Foodtech unicorn Rebel Foods has acquired a majority stake in chocolate brand SMOOR. Financial terms of the deal are not disclosed. With this investment, SMOOR eyes to grow by three times in FY 2022-23. This partnership would further help its growth, according to a statement. Founded in 2011 by Jaydeep Barman and Kallol Banerjee, Mumbai-based…
Rebel Foods, which owns brands like Faasos and Behrouz Biryani, has appointed former Amazon Vice President India Operations Prakash Dutta as its Global COO, according to PTI report. Dutta will now lead Rebel Foods in 10 countries and drive the next phase of global growth, Rebel Foods said in a statement. “As the Global COO…
The Wendy’s Company has partnered with Rebel Foods to set up 250 cloud kitchens across India. Consequently Mumbai-based cloud kitchen operator, Rebel Foods will partner with Sierra Nevada as part of the deal. Sierra Nevada is a master franchisee of the Wendy’s and is set to open another 150 brick-and-mortar restaurants of the American fast-food…
“We at Rebel Foods are a people-first organization, owing to which we have launched this insurance program to provide security for all our kitchen and store staff, permanent or part-time. ” – Raghav Joshi, Co-Founder & CEO India Business UnitInternet Restaurant Company, Rebel Foods has rolled out a life cover policy wherein they have insured…
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…
Bennett Coleman and Company Ltd (BCCL), which runs the Times Group, recently announced that it has picked up an equity stake in cloud kitchen startup Rebel Foods. According to a company filing, accessed by Inc42, the company said it has converted BCCL’s five-share warrants from 2017 into 714 equity shares worth ₹16.25Cr ($2.2 Mn). The…