
CosmicTaco
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

5mo ago

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