Rebel Foods plans $150 million investment to acquire, scale new food brands

On Tuesday, Rebel Foods, which operates a network of cloud kitchens and digital brands, announced a $150 million investment in strategic brand investments and acquisitions in India and around the world.

According to the company, the investment pool will be used over the next few quarters to scale up existing and new collaborations with over 40 Indian and worldwide brands.

Rebel Foods just announced that the company has achieved unicorn status after receiving $175 million in a round backed by Qatar Investment Authority.

In October, the company announced its intention to conduct an initial public offering (IPO) in the next 18-24 months. It now has over 450 kitchens spread throughout ten countries, including Indonesia, the United Arab Emirates, and the United Kingdom.

Through its cooperation with a food and grocery delivery network, the company intends to expand abroad.

The two firms seek to take Rebel Foods' native brands such as Faasos, Behrouz Biryani, Lunchbox, and others to Southeast Asian markets through this agreement, which began in December 2019 and will last for an initial five years.

In recent months, the cloud kitchen sector in India has experienced increased deal activity.

SOURCE:

https://retail.economictimes.indiatimes.com/news/food-entertainment/food-services/rebel-foods-plans-150-million-investment-to-acquire-scale-new-food-brands/88272643