Rebel Foods, a trendsetter in the cloud kitchen industry, has secured a hefty USD 210 million (about INR 1,740 crore) in its latest Series G funding round. This major investor was Singapore’s Temasek Holdings which included participation from existing backer Evolvence. The funding mix comprised both the issuance of new shares and the sale of existing stock.
The fresh funding shoots Rebel Foods to a valuation of USD 1.4 billion (roughly INR 11,500 crore), ensuring its place among the unicorns in the fast-growing food tech sector.
Breaking Down the Funding Round
- Amount Raised: USD 210 million (INR 1,740 crore)
- Lead Investor: Temasek Holdings
- Other Participants: Evolvence and some existing shareholders
- Valuation Post-Funding: USD 1.4 billion (INR 11,500 crore)
- Funding Format: Combination of new shares and secondary stock sales
IPO Plans
Piyush Kakkad, Rebel Foods’ Chief Financial Officer, disclosed that the company is planning an initial public offering (IPO) within 18 to 24 months. The timing of this move will hinge on market conditions—a calculated approach to ensure the IPO’s success.
Rebel Foods – Overview
Founded in 2011 by Jaydeep Barman and Kallol Banerjee, Rebel Foods has turned the conventional restaurant model on its head with its cloud kitchen concept. Unlike traditional dine-in establishments, Rebel operates purely online restaurant brands, enabling greater scalability and efficiency. The company owns flagship brands such as Oven Story, Mandarin Oak, and Behrouz Biryani.
Rebel Foods also runs EatSure, an app designed as a one-stop virtual food court. Currently, Rebel operates in 75 cities across India with a vast network of 450 dark kitchens. The company has ambitions to expand to 800 kitchens across 200 cities by 2029.
Rebel Foods is not just a cloud kitchen operator; it’s also a big franchise player. The company holds the rights to operate Wendy’s in India, managing 160 outlets nationwide. Building on this success, Rebel plans to forge partnerships with more global brands, diversifying its portfolio to cater to the ever-evolving tastes of Indian consumers.
Charting the Road Ahead
With USD 210 million in fresh capital, Rebel Foods is ready to grow in future. The company’s game plan is all about diving deeper into tech, ramping up operations, and making a splash in new markets. Its focus on efficiency and customer satisfaction sets it apart in the crowded food delivery landscape.
Rebel Foods is set for its most awaited IPO in 2026. With bold ambitions and strategic clarity, Rebel Foods is undoubtedly a player worth watching closely.  For more information related to IPO GMP, SEBI IPO Approval, and Live Subscription stay tuned to IPO Central.
