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Lightbox-backed Rebel Foods raises Series G funding round

Team Lightbox

16th December 2024

Rebel Foods announced a $210 million Series G funding round led by Temasek last week. The fresh infusion will be used to expand its footprint, strengthen its platform and enhance its portfolio of brands.

Rebel Foods is an outlier in India's booming foodtech market with its unique internet restaurants platform, powered by its technology stack -- Rebel OS -- which enables it to launch and scale multiple brands in record timeframes. The model has resonated with investors over the years and the latest validation comes from Singapore's Temasek. Rebel Foods announced a $210 million Series G funding round led by Temasek last week and the fresh infusion will further the Mumbai-based company's plans to expand its footprint, strengthen its platform and enhance its portfolio of brands.

For us at Lightbox, as an early investor in Rebel Foods, the latest funding round is yet another well-deserved milestone in the company's journey towards bringing efficiency at scale to India's fragmented 'eating-out' market.

The latest investment round will further solidify Rebel Foods’ position as a leader in the internet restaurant space while catering to a rapidly growing global consumer base, the company said in a statement. "This investment is a testament to Rebel Foods’ position as a pioneer in the internet restaurant space, innovating at scale and leveraging technology to meet evolving consumer demands. This strategic round of financing reaffirms Rebel Foods’ robust market valuation and the trust of global investment leaders in the company’s vision and performance," it said in the statement.

“We are honored to have Temasek join us on our journey, alongside the continued trust of Evolvence. This funding reinforces our vision to keep strengthening our platform thereby enhancing our portfolio of brands, scale our omnichannel presence, and drive operational excellence globally. As we enter this next phase of growth, we remain steadfast in our commitment to innovation, sustainability, and creating lasting value for our customers and stakeholders.” said Rebel Foods co-founder and CEO Jaydeep Barman.

Rebel Foods has built an unparalleled ecosystem of brands, including Faasos, Behrouz Biryani, Oven Story Pizza, Lunchbox, The Good Bowl, Sweet Truth, Wendy’s, and more apart from its innovative Foodcourt-on-an-App and D2C platform EatSure. It currently operates 45+ brands and 450+ kitchens across 70+ cities in India and has operations in international markets including the United Arab Emirates and United Kingdom.

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