Mumbai-based cloud kitchen startup Rebel Foods raises $125M from Goldman Sachs, Go-Jek, others

Mumbai-based cloud kitchen startup Rebel Foods, which operates the Faasos brand, has raised $125 million in the ongoing Series D round from Coatue Management, Goldman Sachs, Indonesia’s Go-Jek, and others.

With this deal, Rebel and Go-Jek plan to set up 100 Indonesian cloud kitchens that will process biryani, pizza, Chinese food, and locally popular dishes like nasi goreng. For the Middle East expansion, Rebel plans to open 20 kitchens in the UAE by year-end.

Earlier known as Faasos Food Services Pvt. Ltd, the company, which was founded by Jaydeep Barman and Kallol Banerjee in 2010, rebranded its parent entity to Rebel Foods Pvt. Ltd in 2018.

It started out as a quick-service restaurant (QSR) and is now a multi-brand cloud kitchen model that has established brands like Faasos, Oven Story, Firangi Bake, Mandarin Oak, Kettle & Eggs, and Behrouz under Rebel Foods.