Page 2 - Jaydeep Barman News Today

The funding round is Rebel Foods' fourth debt financing round so far, possibly to finance its working capital requirements.

Rebel Foods signed an agreement with the US-based fast food chain Wendy's to develop and expand its offline restaurants in India

A company spokesperson confirmed that the impacted number is less than 2% of Rebel Foods' workforce.

Rebel Foods has laid off nearly 2% of its workforce. The startup attributed the layoffs to annual performance evaluation.

Including the current fundraising, Rebel Foods has cumulatively secured INR 225 Cr as debt funding so far in 2022

Rebel Foods has posted a total revenue of INR 907 Cr in FY22, a 107.7% increase from INR 436.5 Cr it had posted in FY21

Bengaluru (Karnataka) [India], May 16 (ANI/PRNewswire): TagBox has announced that it is providing its AssetLens solution to Rebel Foods, the worlds largest internet restaurant company, for real-time temperature, door-open and power consumption monitoring.

Rebel Foods has acquired a majority stake in SMOOR for an undisclosed amount, valuing the luxury chocolate brand at upwards of $50 million.

Foodtech unicorn Rebel Foods has acquired a majority stake in luxury chocolate brand SMOOR to consolidate its position as the Thrasio of food.

This is in line with Rebel Foods' recent announcement of investing $150 million over the coming years, as part of its focus on investing and acquiring promising brands to serve more food categories from its cloud kitchens.