Faasos parent Rebel Foods has topped up its Series F round with $14.5 million. The company had as of late gathered up $175 million in this round at a $1.4 billion valuation to turn into the first full-stack foodtech brand to enter the pined for club of unicorns this year.
Rebel Foods has passed a goal to allot 10150 Series F preference shares at an issue cost of Rs 106,058 to raise Rs 107.65 crore or $14.5 million, regulatory filings show. Mando Corporation has invested Rs 59.5 crore followed by Acernis Ventures and Alimco which have placed in Rs 25.9 crore and Rs 22.3 crore separately.
The Jaydeep Barman-drove company possesses local brands, for example, Faasos, Behrouz Biryani and Ovenstory Pizza and claims to operate in excess of 45 brands across 10 nations including India, Indonesia, UAE, UK and Singapore. Rebel Foods gets over 60% of its request volume from Swiggy and Zomato.
Rebel Foods has made a couple of strategic investments as well to reinforce its portfolio of independent brands. In early October, it acquired a minority stake in Biryani Blues and most as of late made an undisclosed investment in Hyderabad-based speedy help restaurant chain Zomoz.
On the lines of several companies of its age, the company is also eyeing an initial public offering (IPO) in the following 18 two years.
Rebel Foods considers Box8 its immediate rival. According to media reports, Box8 is in talks with Tiger Global to clean up a $100 million round.
