Cloud kitchen platform Rebel Foods, formerly known as Faasos. It has raised Rs 110 crore in funding from existing investors Sequoia Capital India, Lightbox Ventures and Evolvence India as part of its Series D1 round according to the report which has been revealed.
The investment comes ahead of a $75-100 million funding round for which Rebel Foods. It had held talks with investors such as Multiples Alternative Asset Management, Temasek, Goldman Sachs, Falcon Edge and Canadian Pension Plan Investment Board.
Rebel Foods, which operates cloud kitchens and has been engaged in building multiple brands around different cuisines. It is in the market to raise fresh funds at a time when the food-tech sector in India is attracting massive investments. The company operates 200 cloud kitchens across 15 cities in India and is also planning to expand internationally.