KKR invests in Rebel Foods

Foodtech firm Rebel Foods has received an undisclosed amount from KKR. This appears to be part of the recent funding announced by the Mumbai-based firm.

Last week, Rebel Foods announced its Series G funding round of $210 million, led by Temasek.

Through this transaction, KKR will support the company’s growth, including its expansion in India and the Middle East and the addition of more food and beverage brands to its portfolio.

The firm has already received the go-ahead nod from India's Competition Commission (CCI).

Founded in 2011 as a quick service restaurant, Rebel Foods claims to operate over 450 cloud kitchens across India, the MENA region, Indonesia, the UK, and 75 Indian cities. Over the years, it has built a comprehensive ecosystem of brands, including Faasos, Behrouz Biryani, Oven Story Pizza, Lunchbox, The Good Bowl, Sweet Truth, and Wendy’s, among others.

In FY24, the company’s revenue from operations increased to Rs 1,420 crore, while its losses narrowed by more than 42% to Rs 378 crore during the same period.

Rebel Foods primarily competes with Curefoods, EatClub, Biryani By Kilo, FreshMenu, Biryani Blues, Kitchens@, Bigspoon, and HOI Foods.