Rebel Foods startup equipped with innovative online-only restaurant model has lately raised $210 million in a Series G funding round led by Singapore’s Temasek Holdings and supported by existing investor Evolvence. The fresh funding comes just ahead of its planned IPO and it is expected within 18 to 24 months. Its current valuation has climbed to $1.4 billion and this reveals that investors still have faith in the cloud kitchen model.
Rebel Foods was founded by former McKinsey consultant Jaydeep Barman. The startup has grown rapidly since its inception with the concept of dark kitchens. The model has transformed the way food is prepared as well as delivered in India.
Rebel Foods has successfully dominated the Indian market and now even operates in international markets such as the UAE and the UK. It also holds the India franchise for Wendy’s to manage its physical stores as well as online deliveries.
The new funding round is not just about growth of the company, but it is also about technology. Rebel Foods uses artificial intelligence to predict demand, source ingredients efficiently and increase kitchen productivity.
Its IPO timeline set for 2026 and this feels ambitious considering the challenges of scaling cloud kitchens and maintaining profitability. Its growth so far is impressive and investors are likely to scrutinize whether Rebel Foods can continue to innovate and meet demand. Its expansion plan to increase dark kitchens to 800 across 200 cities by 2029 sounds promising.
The journey of Rebel Foods is a step forward to the way technology and new business models can disrupt traditional markets. The upcoming IPO is to be a major milestone for the startup and also for the entire foodtech sector in India.
