The funding pool shall be used within the subsequent few quarters, to scale up present and new partnerships with over 40 Indian and worldwide manufacturers, the corporate mentioned in a press release. Rebel Foods created manufacturers reminiscent of Faasos, Behrouz Biryani, Ovenstory Pizza and Mandarin Oak. Final yr,
it took over the India franchise of US burger brand Wendy’s.
The announcement comes in opposition to the backdrop of Insurgent Meals
attaining unicorn status after raising $175 million in a spherical led by Qatar Funding Authority (QIA) in October.
“We’ve got disrupted the centuries-old meals enterprise and with our newest spherical of funding, we’re nicely on our solution to proceed specializing in serving a number of meals missions,” Raghav Joshi, cofounder at Insurgent Meals mentioned.
The corporate, in October, had mentioned it plans to launch its preliminary public providing (IPO) within the subsequent 18-24 months. It presently operates over 450 kitchens in 10 international locations, together with Indonesia, the United Arab Emirates and the UK.
The corporate
plans to expand internationally by means of its partnership with meals and grocery supply platform Foodpanda, ET reported in October.
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By way of this partnership, which started in December 2019 — for an preliminary 5 years — the 2 corporations plan to take Insurgent Meals’ homegrown manufacturers reminiscent of Faasos, Behrouz Biryani, Lunchbox and others to Southeast Asian markets.
The cloud kitchen sector in India has seen heightened deal exercise in current months. Wow! Momo Meals additionally not too long ago
raised around $17 million and has ambitions of an IPO. Curefoods, based by Ankit Nagori,
raised $13 million from Iron Pillar in August to amass and launch internet-first manufacturers.