Rebel Foods raises Rs 55 crore from InnoVen and Trifecta Capital

30 Dec 2022 , 02:25 PM

Rebel Foods has reportedly raised Rs55 crore in debt funding from existing investors InnoVen Capital and Trifecta Capital.

Rebel has issued 5,500 Series E non-convertible debentures to investors at an issuance price of Rs1,00,000 each. InnoVen Capital contributed Rs30 crore, while Trifecta Ventures contributed Rs25 crore to the funding round.

Rebel has secured Rs225 crore in debt funding so far in 2022, including the current fundraising.

The news comes months after Rebel launched a $10 million employee stock ownership plan (ESOP) for 150 current and former employees.

Rebel Foods has operations in India, the United Kingdom, the United Arab Emirates, Indonesia, Singapore, and Malaysia. It was founded in 2011 by Jaydeep Barman and Kallol Banerjee. This brand is a house for over 45 cloud kitchen brands such as The Good Bowl, Sweet Truth, Faasos, Behrouz Biryani, and Ovenstory Pizza, among others.

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