Food startup Rebel Foods Secures a 35 Crore Debt Financing from Alteria Capital.
Rebel Foods Secures Investment from Alteria Capital, Bolsters Global Expansion
Rebel Foods, the revolutionary food tech company behind popular brands such as Faasos, Behrouz Biryani, and Biryani By Kilo, has announced a significant investment from Alteria Capital. This investment is set to fuel the company's growth and expansion plans.
Founded by Jaydeep Barman and Kallol Bannerjee, Rebel Foods currently operates 325 online kitchens across various countries, including India, Indonesia, Dubai, and the UK. The company raised $120 million in equity last year, attracting investors such as Goldman Sachs and Sequoia Capital.
Vinod Murali, the Managing Partner at Alteria Capital, has made a statement highlighting the phenomenal growth and successful diversification of brands within Rebel Foods. He expressed his confidence in the company's potential to disrupt the food delivery industry further.
In addition to investing in Rebel Foods, Alteria Capital has also backed the delivery application, Dunzo. The investment in Rebel Foods will be using the funding from Alteria Capital's first fund of Rs 960 crores.
Rebel Foods' expansion into new markets has positioned it as a formidable competitor in the food delivery landscape. The company faces competition from established players like Zomato and Swiggy, as well as other major brands such as Biryani By Kilo, Box8, FreshMenu, and InnerChef.
With this latest investment, Rebel Foods is currently valued at $500 million. The company's strategic growth plans include further expanding its presence in existing markets and exploring new opportunities for growth.
This investment marks a significant milestone in Rebel Foods' journey and underscores its commitment to revolutionising the food delivery industry. As the company continues to grow and innovate, it is poised to redefine the way people enjoy their meals.
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