Rebel Foods' valuation reaches to $700 Mn in fresh fund raising round
By MYBRANDBOOK
Rebel Foods has scooped up $50 million from Coatue PE Asia in series E round. According to regulatory filings, Rebel Foods, which runs food brands such as Faasos among others, has allotted 5,627 Series E1 CCPS shares to Coatue PE Asia at a price band of Rs 6.39-6.74 lakhs per share to raise the aforementioned amount.
The price per share has inflated by nearly 39% as compared to the Series D round in September. At that time, Coatue PE Asia had invested $125 million in the third tranche of its Series D round. Post investment, the PE firm will control close to 22% stake in Rebel Foods.
Rebel Foods has crossed the $700 million valuation mark. It’s an eye-popping $200 million valuation jump for the Mumbai-based cloud-kitchen firm in less than 6 months. The company was valued nearly $504 million in September 2019.
Rebel Foods is also investing Rs 3 crore in home-cooked food distribution FoodBuddy, the regulatory filings further reveal. The Jaydeep Barman-led company aims to leverage FoodyBuddy’s network of about a 1,000 home cooks to foray into the home-cooked meals vertical.
Rebel Foods is the third most-valued food-tech firm after Swiggy and Zomato, which are valued at $3.6 billion and $3.25 billion, respectively.
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