Rebel Foods raises Rs. 55 Cr in debt round led by InnoVen Capital

• ByStartupStory     |    December 29, 2022

Rebel Foods, a cloud kitchen brand, has raised Rs 55 crore in a debt round led by InnoVen Capital and Trifecta Capital. This is the third debt fund raised by the Pune-based firm in the last three months.

Rebel Foods’ board of directors approved a special resolution to issue 5,500 Series E non-convertible debentures at an issue price of Rs 1,000,000 per debenture in order to raise Rs 55 crore, according to a regulatory filing with the Registrar of Companies (RoC).

InnoVen Capital contributed Rs 30 crore to the round, while Trifecta Ventures contributed Rs 25 crore. Rebel Foods has raised Rs 225 crore in debt in three rounds in 2022.

The Sequoia-backed company enlisted as a unicorn after raising $175 million in its Series F round led by Qatar Investment Authority in October 2021.

According to the cloud kitchen brand, it runs more than 4000 cloud kitchens across 45 brands such as Faasos, Behrouz Biryani, and Ovenstory Pizza, also has operations in  Indonesia, UAE, UK, Singapore, and Malaysia.

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