[ptrikha21]

The Cloud Kitchen startup Rebel Foods that encompasses brands like Faasos, Oven Story, Behrouz Biryani and others, has secured $210 million in its Series G funding round.

This comprises a mix of secondary share sales and primary capital.
For those who do are not into this field, it has been an interesting transaction.
Early backers like Lightbox, Coatue and others sold shares.
The primary capital portion was led by Singapore’s Temasek, with participation from existing investor Evolvence.

Avendus Capital was the financial advisor to the firm on this transaction.

The firm generated a revenue of Rs 1,420 crore in FY24, a 19 percent increase from Rs 1,195 crore in FY23, regulatory filings showed. Plus it reduced its losses by 42%.

Rebel Foods plans to have 250 physical outlets to complement its cloud kitchen model and even thinking of the idea of an offline food court, where all its nine brands will be available under the same roof.

For more details, check this news link :

https://www.moneycontrol.com/news/business/startup/rebel-foods-raises-210-million-in-funding-round-led-by-temasek-early-investors-exit-12888343.html

[Fergal]

Well done to them, I hope the business will be successful. What is a "Cloud Kitchen"?

[ptrikha21]

Well done to them, I hope the business will be successful. What is a "Cloud Kitchen"?

From what I have understood, I think it is a Kitchen setup where multiple Restaurants' orders are taken and then the Delivery people come to them and deliver to the customers.
In a way, it is equivalent to the Amazon, Ebay etc.
However, for a more exact answer, I will search deeply and may be it could be a topic for a new discussion.