Temasek to Acquire 25% Stake in Rebel Foods Pre-IPO

• Singapore's Temasek Holdings is set to acquire a 20-25% stake in Rebel Foods for $180-200 Mn.
• Early investors Lightbox and Peak XV are selling their shares ahead of the company's planned IPO in the next 12-18 months.
• The deal will make Temasek the largest shareholder in Rebel Foods, surpassing the founders' 12% stake and Qatar Investment Authority's 10%.
• Rebel Foods plans to use the fresh funds to expand its food court business, EatSure.
• The company managed to reduce its net loss by 42% to INR 378.2 Cr in FY24, with operating revenue jumping 19% to INR 1,420.2 Cr.

Source: Inc42