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Rebel Foods will now completely manage and operate the brand’s traditional restaurants across India. This expanded relationship will involve the acquisition of the exclusive master franchise rights for Wendy’s offline business in India and will continue the existing commitment to also develop approximately 150 traditional locations over the next decade
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.
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