Temasek Eyes $150 Million Investment in Rebel Foods

• Singapore's Temasek is in advanced talks to invest $100-150 million in Rebel Foods, the parent company of Faasos and Behrouz Biryani.
• The deal includes both primary and secondary share sales, with Rebel Foods' valuation remaining nearly flat compared to three years ago.
• Existing investors like Coatue and Lightbox are expected to partially sell their stakes, with Temasek joining as a new investor.
• Rebel Foods, which turned unicorn in 2021, plans a public issue within the next couple of years and operates 450 kitchens in 70 cities.
• The cloud kitchen sector is projected to grow at 35.20% over the next four years, outpacing other food sector segments.

Source: Economic Times