Rebel Foods Secures $25 Million Funding Ahead of Public Listing
Cloud kitchen venture Rebel Foods is gearing up for a public-market entry in 2025-26, having successfully raised $25 million, equivalent to approximately Rs 212.71 crore, from the Qatar Investment Authority.
According to Mint, which first disclosed this update, the fundraising occurred at a company valuation of $1.4 billion. The newly acquired funds will primarily be directed towards the extension of its physical restaurant and food court operations.
Rebel Foods has chosen not to provide any statements regarding this development.
In December 2021, the company announced a significant Series G funding round, securing $210 million through a combination of primary and secondary share offerings. To date, Rebel Foods has amassed a remarkable $773 million from notable investors such as KKR, Temasek, Lightbox, Evolvence, among others.
Rebel Foods presently boasts over 450 cloud kitchens positioned across India, the MENA region, Indonesia, and the UK, spanning 75 cities in India alone. Its primary competitors encompass a range of food tech entities, including Curefoods, EatClub, Biryani By Kilo, FreshMenu, Biryani Blues, Kitchens@, Bigspoon, and HOI Foods.
Earlier this year, in February, Rebel Foods unveiled its rapid food delivery application, QuickiES, further enhancing its service offerings.
In the financial year 2024, Rebel Foods reported an increase in revenue from operations, reaching Rs 1,420 crore compared to Rs 1,195 crore in FY23. A significant portion of the company’s income, accounting for 96.7% of total operational revenue in FY24, is generated through its primary operations, namely the sale of food. The company operates as a full-stack food tech enterprise, profiting from sales via its own stores and kitchens.
