New Delhi: In a significant development for the foodtech sector, Rebel Foods announced that it had closed its Series G funding round, with $210 million raised in the process. The Singapore-based global investment company, Temasek, took the lead in this funding round, while existing investors also participated, including Evolvence. This is one of the most crucial developments for the Mumbai-based firm, which operates a significant network of cloud kitchens spread across India and other places.
Rebel Foods, the company that has been at the forefront of innovative approaches to food delivery and cloud kitchen operations, has witnessed a notable growth trajectory since its inception. This new round of capital injection will be very useful for expanding the company’s footprint in the competitive foodtech landscape as it comes after a three-year gap from fundraising. According to the company’s press release, the funds will be put towards improving its portfolio of brands and strengthening its operational platform.
Financially, Rebel Foods has shown resilience and growth. In the fiscal year 2024, the company reported revenue from operations amounting to ₹1,420 crore, demonstrating its robust business model and market presence. Furthermore, the company has successfully narrowed its losses by more than 42%, bringing them down to ₹378 crore during the same period. This positive trend in financial performance reflects the effectiveness of its operational strategies and the increasing demand for its services.
In conclusion, the successful $210 million Series G funding round led by Temasek highlights growing investor confidence in the foodtech industry and also indicates the opportunities for Rebel Foods to build further from this point on. The brand portfolio being expanded, the market presence strength, and new capital investment are set to play vital roles as Rebel Foods continues on its journey to leader status in the cloud kitchen industry.
