Rebel Foods Secures $210M in Series G Funding

• Rebel Foods, the cloud kitchen giant behind Faasos and Behrouz Biryani, raised $210 million in Series G funding, led by Temasek. Early investors like Lightbox and Coatue exited.
• The funding mix was 75% secondary transactions, with Temasek and Evolvence leading the primary capital portion. Rebel Foods plans to enhance its brand portfolio and expand omnichannel presence.
• Improved financials: FY24 revenue rose 19% to Rs 1,420 crore; losses reduced by 42% to Rs 378 crore, aided by cost-cutting measures.

Source: Moneycontrol