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Total amount raised
$587M
Latest funding date
2025-09-17
Location
Rebel Foods has successfully navigated 26 funding rounds, with its latest being debt financing. The company is backed by 28 investors, including recent contributions from Alteria Capital and InnoVen Capital.
Keep reading to explore the intricacies of Rebel Foods' fundraising journey and the investors backing this innovative foodtech company.
Rebel Foods has raised funding across multiple rounds backed by notable investors including Temasek, Qatar Investment Authority, KKR, Coatue, Peak XV Partners, and others. With over $587 million raised across 24+ rounds, Rebel Foods has established itself as a well-funded leader in the cloud kitchen and internet restaurant space.
Keep reading to explore Rebel Foods' full fundraising journey, key investors, and what lies ahead for this Mumbai-based foodtech unicorn.
What Is Rebel Foods?
Rebel Foods is a pioneering foodtech company operating in e-commerce, food delivery, food processing, and mobile apps. Founded in 2011 by Jaydeep Barman and Kallol Banerjee, it is recognized as the world's largest internet restaurant company, with 450+ cloud kitchens across 70+ cities in India and a presence in the UAE and UK. Its portfolio includes brands such as Faasos, Behrouz Biryani, Oven Story, Lunchbox, The Good Bowl, Sweet Truth, and more. Rebel Foods combines culinary craftsmanship with technology to build and scale food brands globally.
How Much Funding Has Rebel Foods Raised?
- Angel Round
- Amount Raised: USD 123,000
- Date: October 2010
- Lead Investors: Anand Lunia
- Other Participants: Arnab Banerjee, Chirantan Barua, Sudip Chakraborty
- Seed Round
- Amount Raised: USD 1,370,000
- Date: September 2011
- Lead Investors: Peak XV Partners, Monika Lunia
- Series A (First Tranche)
- Amount Raised: USD 8,680,000
- Date: November 2012
- Lead Investors: Peak XV Partners
- Series A (Second Tranche)
- Amount Raised: USD 3,210,000
- Date: December 2013
- Lead Investors: Peak XV Partners
- Series B
- Amount Raised: USD 14,800,000
- Date: February 2015
- Lead Investors: Lightbox
- Other Participants: Peak XV Partners
- Series C (First Tranche)
- Amount Raised: USD 30,000,000
- Date: December 2015
- Lead Investors: Beenext, RB Investments, Lightbox, RTP Global
- Other Participants: Peak XV Partners
- Series C (Second Tranche)
- Amount Raised: USD 21,000,000
- Date: August 2018
- Lead Investors: Peak XV Partners
- Other Participants: Sistema Asia Capital, Lightbox, Alteria Capital, RTP Global, Evolvence Equity Partners
- Series D (First Tranche)
- Amount Raised: USD 15,900,000
- Date: March 2019
- Lead Investors: Lightbox, Peak XV Partners, Evolvence Equity Partners
- Other Participants: Alteria Capital
- Series D (Second Tranche)
- Amount Raised: USD 125,000,000
- Date: June 2019
- Lead Investors: Coatue
- Other Participants: Lightbox, Goldman Sachs, Sistema Asia Capital, Peak XV Partners, Gojek, Evolvence Equity Partners
- Series E (First Tranche)
- Amount Raised: USD 76,400,000
- Date: April 2020
- Lead Investors: Coatue
- Series E (Second Tranche)
- Amount Raised: USD 26,500,000
- Date: July 2020
- Lead Investors: Coatue
- Series F
- Amount Raised: USD 190,000,000
- Date: July 2021
- Lead Investors: Qatar Investment Authority, Coatue, INQ Holdings
- Other Participants: Alteria Capital, Goldman Sachs Investment Partners, Peak XV Partners, Evolvence Equity Partners
- Debt Financing (Venture Debt)
- Amount Raised: USD 9,220,000
- Date: September 2022
- Lead Investors: Alteria Capital
- Debt Financing (Venture Debt)
- Amount Raised: USD 12,500,000
- Date: November 2022
- Lead Investors: InnoVen Capital, Trifecta Capital
- Debt Financing (Venture Debt)
- Amount Raised: USD 6,600,000
- Date: December 2022
- Lead Investors: InnoVen Capital, Trifecta Capital
- Debt Financing (Conventional Debt)
- Amount Raised: USD 9,150,000
- Date: April 2023
- Lead Investors: Northern Arc Capital, Stride Ventures
- Debt Financing (Venture Debt)
- Amount Raised: USD 13,200,000
- Date: May 2024
- Lead Investors: Alteria Capital, InnoVen Capital
- Series G (First Tranche)
- Amount Raised: USD 210,000,000
- Date: December 12, 2024
- Lead Investors: Temasek (via Jongsong Investments)
- Other Participants: KKR, Evolvence Equity Partners, InnoVen Capital, Alteria Capital
- Post-Money Valuation: ~USD 1.4 Billion
- Series G (Second Tranche)
- Amount Raised: USD 25,000,000
- Date: April 22, 2025
- Lead Investors: Qatar Investment Authority
- Post-Money Valuation: ~USD 1.4 Billion
- Debt Financing (Venture Debt)
- Amount Raised: USD 17,000,000 (INR 150 crore)
- Date: September 17, 2025
- Lead Investors: Alteria Capital (INR 90 crore), InnoVen Capital (INR 60 crore)
Total Amount Raised: At least $587M based on disclosed funding across all rounds.
Key Investors
- Temasek Holdings
- Details: Singapore-based global investment company. Led the USD 210 million Series G round in December 2024 via its arm Jongsong Investments. Temasek focuses on financial services, telecom, media and technology, transportation, consumer and real estate, and life sciences. Notable portfolio companies include Alibaba, DBS Bank, and Singapore Airlines.
- Qatar Investment Authority (QIA)
- Details: Qatar's sovereign wealth fund. Participated in the USD 190 million Series F round in July 2021 and led a USD 25 million Series G tranche in April 2025. QIA focuses on real estate, infrastructure, financial services, and technology. Notable investments include Volkswagen, Barclays, and Harrods.
- KKR
- Details: Global investment firm that completed an investment in Rebel Foods as part of the December 2024 Series G round. KKR focuses on private equity, credit, and real assets across multiple sectors globally.
- Coatue Management
- Details: US-based technology-focused investment firm. Led the Series E rounds in 2020 and co-led Series F in 2021. Coatue focuses on high-growth technology and consumer internet businesses globally.
- Peak XV Partners (formerly Sequoia Capital India)
- Details: One of Rebel Foods' earliest and most consistent backers, leading the Seed, Series A, and Series C rounds. Peak XV Partners invests in technology and consumer companies across India and Southeast Asia.
- Alteria Capital
- Details: India-based venture debt fund for high-growth startups. Has participated in multiple debt rounds including the latest September 2025 debt financing. Focus areas include venture debt for growth-stage companies.
- InnoVen Capital
- Details: Venture debt firm focused on Indian startups. Has participated in multiple debt rounds including the September 2025 debt financing alongside Alteria Capital. Notable portfolio companies include Swiggy and Rebel Foods.
- Evolvence Equity Partners
- Details: Private equity and growth capital firm. Has been a consistent investor in Rebel Foods across multiple rounds including Series D, Series F, and the December 2024 Series G round.
What's Next for Rebel Foods?
Rebel Foods is positioned for continued growth with plans to expand its EatSure food court format while also opening more cloud kitchens and standalone brand stores. The company is targeting 150–200 cities in India by 2028. It is also in active talks with new brands for its Rebel Launcher vertical and expanding its international presence in the UAE and UK. With an IPO on the Indian stock market targeted by 2026, Rebel Foods continues to integrate AI into its operations for greater efficiency and scalability. Key challenges include managing the complexity of rapid expansion, tech integration at scale, regulatory navigation, and competition in the cloud kitchen space.
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