Rebel Foods

Rebel Foods

Virtual restaurant network provider for food businesses

Founded

2011

Headquarters

Mumbai (India)

Status

Series G

Company Details

Rebel Foods is the world’s largest cloud kitchen company, headquartered in Mumbai, India. Operating across 10 countries with over 450 cloud kitchens, Rebel Foods has revolutionized the food delivery industry by leveraging technology and innovative business strategies. Initially launched as Faasos, the company transitioned to a multi-brand cloud kitchen model in 2015, focusing exclusively on delivery-based virtual restaurants.

Unique Value Proposition

Rebel Foods stands out by offering:

  • A scalable cloud kitchen model that minimizes real estate costs while ensuring operational efficiency.

  • A tech-driven platform for streamlined food preparation, order management, and delivery optimization.

  • Consistent quality across diverse cuisines through standardized processes.

  • Global expansion with localized menus tailored to regional tastes.

Business Model & Revenue Streams

Rebel Foods operates on a full-stack food tech business model centered around cloud kitchens. This model eliminates the need for dine-in spaces, significantly reducing overhead costs while enabling rapid scalability. It's primary revenues sources are:

  1. Food Sales: Core revenue (96.7% of FY24 operating revenue) comes from selling food through owned kitchens and delivery platforms like Swiggy, Zomato, and EatSure.

  2. Franchise Operations: Income from franchise fees and royalties through partnerships with brands like Wendy’s.

  3. Delivery Services & Commissions: Earnings from storage fees, delivery services, cancellation compensations, and commissions on third-party brand operations via the Rebel Launcher Program.

  4. Non-Operational Income: Interest income and gains on financial assets contributed ₹65 crore ($7.8 million) in FY24.

Customer Segmentation

Rebel Foods caters to diverse customer segments:

  • Urban Millennials & Professionals: Quick meals for busy lifestyles via brands like Faasos and Ovenstory Pizza.

  • Families & Food Enthusiasts: Premium offerings such as Behrouz Biryani and Mandarin Oak for home dining experiences.

  • Third-Party Restaurants (B2B): Through Rebel Launcher Program partnerships.

Growth Strategy

Rebel Foods employs a multi-pronged growth strategy:

  1. Global Expansion:

    • Operates in 10 countries including India, UAE, UK, Indonesia, Singapore, Malaysia, Thailand, Bangladesh, Hong Kong, and the Philippines.

  2. Brand Diversification:

    • Continuously innovates with new culinary brands to cater to evolving consumer tastes.

  3. Technology Integration:

    • Utilizes data analytics for menu optimization and customer insights via its proprietary Rebel Operating System.

  4. Strategic Partnerships & Acquisitions:

    • Collaborates with global chains like Wendy’s while acquiring brands like Smoor to expand offerings.

Conclusion

Rebel Foods has redefined the restaurant industry with its innovative cloud kitchen model that prioritizes scalability, efficiency, and customer satisfaction. By combining technology-driven operations with a diverse portfolio of culinary brands, Rebel Foods has emerged as a global leader in the food delivery space. With strong financial backing, strategic partnerships, and continuous innovation, Rebel Foods is well-positioned to drive further growth while setting benchmarks for the future of food tech globally. Investors, researchers, and industry professionals can view Rebel Foods as a trailblazer in transforming how food is prepared and delivered worldwide.

Key People

Ankush Grover

Jaydeep Barman

Ankur Sharma

Soumyadeep Barman

Kallol Sachi Banerjee

Key Metrics

Total Equity Funding

$587 Million

No. of Funding Rounds

23

Latest Funding Round

$25 Million, Series G

as of April 22, 2025

Post Money Valuation

$1.4 Billion

as of April 22, 2025

Funding Multiple

2.39

as of April 22, 2025

Investors

Peak XV Partners

and 3 more

Employee Count

3129

Similar Companies

Posha

Exit Details

N/A

All Funding Rounds

DateRound NameAmountValuationRevenueRevenue Multiple
Investors
April 22, 2025Series G$25 Million$1.4 Billion-- Qatar Investment Authority
December 12, 2024Series G$45.8 Million$1.4 Billion--Temasek, KKR, Jongsong Investments, Innoven Capital, Alteria Capital
August 4, 2023 Series F$3 Million $1.4 Billion$166 Million- Alteria Capital, Innoven Capital, Trifecta Capital, Stride Ventures
July 20, 2021Series F$190 Million$1.3 Billion$79.8 Million- Coatue, Alteria Capital, Acernis Ventures, Peak XV Partners
July 23, 2020 Series E$26.5 Million$768 Million$74.2 Million -Coatue
April 10, 2020Series E$76.4 Million$702 Million$79.9 Million8.1x Coatue
January 29, 2020Series D$278 K-$75.6 Million- Brand Capital, Alteria Capital
June 24, 2019 Series D$125 Million-$53.8 Million- Coatue, Lightbox, Goldman Sachs, Sistema Asia Capital, Irving Investors, Peak XV Partners, Thayer Park Holdings Corp
March 1, 2019Series D$15.9 Million$387 Million$44.4 Million-Lightbox, Evolvence India, Peak XV Partners, Alteria Capital, Sequoia Capital
August 30, 2018Series C$21 Million$207 Million$32 Million-Peak XV Partners, Evolvence India, Sistema Asia Capital, Lightbox, Alteria Capital, Sequoia Capital
December 31, 2015Series C$30 Million-$9.2 Million-Beenext, RB Investments, Lightbox, RTP Global, Peak XV Partners
February 16, 2015Series B$14.8 Milllion$58.5 Million$6.1 Million- Lightbox, Peak XV Partners
December 2, 2013Series A$3.2 Million$24 Million-- Peak XV Partners
November 6, 2012Series A$8.7 Million--- Peak XV Partners
September 8, 2011Seed$1.4 Million---Peak XV Partners

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