Founded in 2010 by Jaydeep Barman and Kallol Banerjee, Rebel Foods now runs close to 325 cloud kitchens across the country. Reports had also noted that even Softbank Vision Fund may invest in Rebel Foods again, but that may be unlikely as the Japanese conglomerate has been rethinking their investment after reporting $18 Bn loss in FY20. As automation is simplifying operations across industries, Rebel Foods is also planning to incorporate the technology to reduce manual labour in its cloud kitchens. Your support through more subscriptions can help us practise the journalism to which we are committed. The freshly prepared meals are picked up by NGO partners or the state government bodies, and distributed and consumed within its shelf-life of three hours. He is bringing ... Key stories on business-standard.com are available to premium subscribers only. In a candid conversation with People Matters, Rebel Foods CEO, Jaydeep Barman shared his thoughts on why he values outcome vs. effort, his favorite leader, and how digitally-ready is he as a leader. 30 Startups To Watch: The Startups That Caught Our Eye In October 2020... Inc42 Shots | PUBG Mobile Set To Make India Comeback With $100 Mn Inve... Inc42 Shots | Will Musk Be Able To Steer Tesla In The Indian Market? In Covid times: What is making your medicines safe to consume. Ownership brings the best in people: CEO Rebel Foods. Amit Raj Co Founder at BOX8 - We are hiring for multiple roles, write to me at amit@box8.in Mumbai. With this initiative, the startup is ensuring that all the employees are free of worry as they step into their place of work each day. CEO - India BU at Rebel Foods (Formerly Faasos) Mumbai. This product is a monthly auto renewal product. We believe in free, fair and credible journalism. But then, Softbank also invested $130 Mn in another portfolio PolicyBazaar at a $1.5 Bn valuation, in exchange for a 15% stake. The price per share has inflated by nearly 39% as compared to the Series D round in September. In another development, the foodtech startup has started an initiative by the name ‘give sure’ to serve meals to migrant workers, slum dwellers, and daily wage earners who lost their jobs during the lockdown. Kindly visit the Manage my subscription page to discover the benefits of this programme. Digital Editor. IPL 2020, TV And Digital Ads: Branding Appetite At All-Time High For Indian Edte... Digital Media Under I&B Ministry: Will It Cut OTT’s Growth Cord? As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. To cancel, communicate from your registered email id and send the email with the cancellation request to. This non-profit food drive has been backed by venture capital firms like Sequoia Capital and Lightbox Venture Partners. According to the ministry of corporate affairs filings accessed by Inc42, Rebel Foods has allocated 27,284 Series E2 compulsorily convertible cumulative preference shares (CCCPS) at a face value of INR 100 per share and a premium of INR 72,833.2678 per share, amounting to INR 198,85,47,081. - Seats Limited to 100 Only (First Come First Serve). Stay on top of your investments. Isha Upadhyaya. Almost a decade old company, Rebel Foods was founded in 2015 by Barman. Speaking about the initiative, Raghav Joshi, Co-founder and CEO - India Business Unit, Rebel Foods, said, “ Any and every profession involves some risk, whether it is delivering food… Operating in close to 35 cities in India, Rebel Foods has a huge presence across the leading food delivery platforms — Zomato and Swiggy — and generates over 50% of its demand from these aggregators. Nepra Raises $18 Mn Funding To Manage Dry Waste Across India. It is classified as Non-govt company and is registered at Registrar of Companies, Pune. Your browser is currently blocking notification. Founded in 2010 by Jaydeep Barman and Kallol Banerjee, Rebel Foods now runs close to 325 cloud kitchens across the country. Meanwhile, Uber cofounder Travis Kalanick, who was ousted as the CEO of the ride-hailing company in 2017, was reportedly planning to invest in Rebel Foods, last September. According to Entrackr’s back-of-the-envelope calculation, Rebel Foods has crossed the $700 million valuation mark. Rebel Foods is the third most-valued food-tech firm after Swiggy and Zomato, which are valued at $3.6 billion and $3.25 billion, respectively. quick service restaurants | Goldman Sachs, Viveat Susan Pinto & Niraj Bhatt
Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo. Access the exclusive Economic Times stories, Editorial and Expert opinion, Sharp Insight-rich, Indepth stories across 20+ sectors, Mirae Asset Emerging Bluechip Fund Direct-Growth, ICICI Prudential Bluechip Fund Direct-Growth, Rebel Foods to expand beyond cooked meal brands, brews a new food kits plan. The life insurance comes along with an accident and health cover. Previously, Bengaluru-based business intelligence firm Paper.vc had reported that Rebel Foods has raised $50 Mn (nearly $373 Cr) in Series E1 from Coatue. The Jaydeep Barman-led company aims to leverage FoodyBuddy’s network of about a 1,000 home cooks to foray into the home-cooked meals vertical. However, there are some silver linings as well. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.Click edit button to change this text. Enjoy Reading! Priya Prakash. The company, which has marquee investors such as Coatue Management, Goldman Sachs and Sequoia, claims to be the “world’s largest internet restaurant company”, and is valued at over $500 million. Apart from its own app, it roughly generates about 60% of its demand via aggregators – Swiggy, Zomato and UberEats. Click edit button to change this text. industry. The covid-19 epidemic has thrown all kinds of businesses on a reset mode. It’s an eye-popping $200 million valuation jump for the Mumbai-based cloud-kitchen firm in less than 6 months. Previously, he worked with YourStory, NextBigWhat, Iamwire, and Indian Express. Tomorrow is different. The policies, to be provided by IndiaFirst Life Insurance Company, will protect Rebel Foods' employees while giving financial security to their family members against any unforeseen situation. According to DataLabs by Inc42, the market size of cloud kitchens is expected to reach $1.05 Bn by 2023. Rebel Foods CEO and co-founder Jaydeep Barman is disrupting the 500-year-old restaurant industry, which he says hasn't changed at all Google Pay and PhonePe top global fintech download chart in February, Swiggy expands its grocery delivery service to more cities; rebrands Swiggy Go, Instamojo raises fresh capital from Gunosy and Base; to explore global markets, Mswipe losses balloon 2.5X in FY20; revenue grew by 43% to Rs 348 Cr, Exclusive: Surge, Chiratae lead seed round in Rajat Gupta and Ashwin Swaminathan’s startup, PUBG announces India return with new game, $100 Mn investment and hiring plans, Sachin Bansal’s Navi operating revenue leaps 17.5X to Rs 222 Cr in FY20, Virat Kohli-backed USPL raises fund from Flipkart; revenue jumps to Rs 243 Cr in FY20, Netflix India’s operating revenue leaps 2X to Rs 924 Cr in FY20, BankBazaar’s scale shrinks by 27% in FY20; outstanding losses mount to Rs 658 Cr, Register for Unicorn Trip 3.0 Isha Upadhyaya Hiring @ Faasos Pune. For reprint rights: Times Syndication Service, Profits at Indian companies rebound after worst decline in a decade, RBI hints at historic technical recession in India, Union cabinet announces incentives of Rs 1.5 lakh cr to boost manufacturing, Retired PSU bankers may get one rank, one pension plan, Dhanteras Puja timings ,vrat, significance, and what foods to eat on this day, 20 Best Traditional Diwali Recipes and Homemade Sweets, Floating candles and diyas for Diwali decoration at home, Best Fitness Trackers With Heart Rate Monitoring Feature, Terms of Use and Grievance Redressal Policy. Rebel Foods is the largest cloud kitchen restaurant company, with over 1500+ restaurants serving across 16 cities via online food delivery. The company was valued nearly $504 million in September 2019. In the last year, it claims to have added 120 kitchens. According to media reports published in February, Rebel Foods is looking to enter the unicorn club by raising $100 Mn – $150 Mn from existing investors. Business Standard is happy to inform you of the launch of "Business Standard Premium Services". Indian Startups, Entrepreneurship, News, Resources & More, Rebel Foods is reportedly looking to raise $150 Mn at $1 Bn valuations from existing investors like Coatue, In April the company had reportedly raised $50 Mn from Coatue in Series E1, The recent fundraise is the first trache, but details are different from last reportage. Exclusive content, features, opinions and comment – hand-picked by our editors, just for you. Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Copyrights © 2020 Business Standard Private Ltd. All rights reserved. Unlimited access to all content on any device through browser or app. 66,159,000 and its paid up capital is Rs. Rebel Foods declined to speak on the valuation of the company for the latest round. BENGALURU: Rebel Foods, which runs cloud kitchens like Faasos, Oven Story Pizza and Behrouz Biryani, is eyeing a valuation of about $1 billion as it looks to mop up a … Besides India, it also has operations in Southeast Asia, the Middle East and Europe. Speaking about the initiative, Raghav Joshi, Co-founder and CEO - India Business Unit, Rebel Foods, said. This will alert our moderators to take action. 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