Rebel Foods raises $25 mn from Qatar fund: report

Cloud kitchen operator Rebel Foods has raised $25 million (about Rs 212.71 crore) from the Qatar Investment Authority (QIA), Mint reported on Tuesday citing people in the know.

The investment was made at a valuation of $1.4 billion, it added.

The company, which is reported to be preparing for a public listing in FY26, may use the capital to bolster its physical presence by opening more new restaurants and food courts.

Rebel Foods is planning to start dine-in options by launching select restaurants and food courts that will serve its branded food items, a person familiar with the matter told Mint.

The company is moving toward an omnichannel model, which may intensify competition with new entrants and quick commerce platforms, it added.

Established in 2011 by Kallol Banerjee and Jaydeep Barman, Rebel Foods started operations with Faasos, a delivery-only food brand.

The company now manages a host of quick service restaurant brands, including Behrouz Biryani, Mandarin Oak, Oven Story Pizza, Sweet Truth, LunchBox, The Good Bowl, Firangi Bake, The Biryani Life, and Wendy’s.

Rebel Foods, which operates 350 kitchens across 70 cities, has raised a total of $773 million in funding to date. Its investor base includes KKR, Temasek, Lightbox, and Evolvence.

Earlier this year, the company entered the ultra-fast food delivery market with the launch of ‘QuickiES’ that offers 15-minute delivery services.

The company employs between 8,000 and 9,000 people and has established international operations with 15 kitchens in Dubai and 12 in the UK.