Rebel Foods Secures $13 Million in Debt Financing from Alteria and InnoVen Capital. - Indian Startup Times
Summary
Rebel Foods, the pioneering cloud kitchen brand behind EatSure (formerly Faasos), has successfully raised Rs 110 crore ($13.2 million) in debt from Alteria and InnoVen Capital. This follows last years debt raise of Rs 75 crore ($9 million) from Catalyst Trusteeship (Northern Arc) and Stride Ventures. The company boasts a portfolio of over 45 brands across multiple countries, such as India, the United Arab Emirates (UAE), Saudi Arabia, and the UK.As part of its growth strategy, Rebel Foods plans to take Oven Story Pizza offline to open 250-300 outlets over the next two to three years. Its last equity round saw the company raise $14.5 million in November 2021.Looking ahead, Rebel Foods is reportedly eyeing an initial public offering (IPO) by 2025. If successful, it would be the first cloud kitchen company to list on the Indian stock exchange, highlighting its leadership in the evolving food tech industry.