Are Indian Edtech Startups’ Towering Valuations Built On Shaky Grounds? The price per share has inflated by nearly 39% as compared to the Series D round in September. Rebel Foods (Formerly Faasos) Internet Mumbai, Maharashtra 22,110 followers World’s largest internet restaurant company. 64,521,868. Sachin Bansal put in over Rs 3,000 crore in Navi Technologies, Reliance pumped Rs 500 crore in Embibe while BigBasket raised a $50 million-plus bridge round. CEO - India BU at Rebel Foods (Formerly Faasos) Mumbai. It has also started employee engagement activities, including honouring its chefs on World Chef Day. The company … Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Exclusive content, features, opinions and comment - hand-picked by our editors, just for you. Previously, Bengaluru-based business intelligence firm Paper.vc had reported that Rebel Foods has raised $50 Mn (nearly $373 Cr) in Series E1 from Coatue. Exclusive content, features, opinions and comment – hand-picked by our editors, just for you. SIAC Stay On Sale Of Future Group’s Assets Binding In India: Amazon Te... Fintech Startup slice Raises INR 39 Cr In Debt Funding From Multiple F... Online Used Car Marketplace Cars24 Launches ESOP Buyback Worth INR 35 ... Decoding SBI’s $40Bn Valuation For YONO: Can It Rule India's Fintech E... [The Outline By Inc42 Plus] Ecommerce Puts On Festive Wear. The programme is backed by Rebel Foods, and no premium will be charged from the employees. We are not surprised when Jaydeep Barman invites us to his headquarters for lunch where he wants us to taste selections from the 10 online restaurant brands the food tech company operates. Support quality journalism and subscribe to Business Standard. There are hardly any positive developments happening across the spectrum including startups. 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During the COVID-19 pandemic, Rebel Foods have introduced various initiatives around well-being, safety, and security for its employees, including yoga classes for members across the board for physical and mental wellbeing. As automation is simplifying operations across industries, Rebel Foods is also planning to incorporate the technology to reduce manual labour in its cloud kitchens. He is based out of Gurugram and has been writing about startups and digital economy for nine years. Rebel Foods, the Mumbai-based cloud kitchen startup, on Tuesday announced its employee focussed initiative, wherein it has insured over 4,200 kitchen and store employees with individual life insurance worth Rs 10 lakh per year. Zomato had narrowed the valuation gap with the Napsers-backed firm when it raised $50 million from Ant Financials and $5 million from Pacific Horizon Investment Trust. industry. Barman says, “We are ahead of our closest competitor by miles.” Barman is disrupting the 500-year-old restaurant industry, which he says hasn’t changed at all. Enjoy Reading! Lorem ipsum dolor sit amet, consectetur adipiscing elit. The company, which has marquee investors such as Coatue Management, Goldman Sachs and Sequoia, claims to be the “world’s largest internet restaurant company”, and is valued at over $500 million. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. Unlimited access to all the content on any device through browser or app. Kindly visit the Manage my subscription page to discover the benefits of this programme. He is bringing ... Key stories on business-standard.com are available to premium subscribers only. Previously, he worked with YourStory, NextBigWhat, Iamwire, and Indian Express. The life insurance comes along with an accident and health cover. IPL 2020, TV And Digital Ads: Branding Appetite At All-Time High For Indian Edte... Digital Media Under I&B Ministry: Will It Cut OTT’s Growth Cord? Your support through more subscriptions can help us practise the journalism to which we are committed. Rebel Foods is the third most-valued food-tech firm after Swiggy and Zomato, which are valued at $3.6 billion and $3.25 billion, respectively. Rebel Foods declined to speak on the valuation of the company for the latest round. We, however, have a request. Post investment, the PE firm will control close to 22% stake in Rebel Foods. Isha Upadhyaya. Read more about Rebel Foods CEO on restaurant's move from a QSR to multi-brand internet biz on Business Standard. The Jaydeep Barman-led company aims to leverage FoodyBuddy’s network of about a 1,000 home cooks to foray into the home-cooked meals vertical. 66,159,000 and its paid up capital is Rs. Bengaluru: Rebel Foods, India’s largest cloud kitchen chain, which operates Faasos, Oven Story, Firangi Bake, and Behrouz, is planning to use its kitchen infrastructure to expand beyond its own cooked meal brands, a top executive told ET. Apart from its own app, it roughly generates about 60% of its demand via aggregators – Swiggy, Zomato and UberEats. Now, a big news is coming out from Rebel Foods. However, there are some silver linings as well. Operating in close to 35 cities in India, Rebel Foods has a huge presence across the leading food delivery platforms — Zomato and Swiggy — and generates over 50% of its demand from these aggregators. Meanwhile, Uber cofounder Travis Kalanick, who was ousted as the CEO of the ride-hailing company in 2017, was reportedly planning to invest in Rebel Foods, last September. The product is a monthly auto renewal product. Digital Editor. With this initiative, the startup is ensuring that all the employees are free of worry as they step into their place of work each day. Stay on top of your investments. To cancel, communicate from your registered email id and send the email with the cancellation request to. Copyrights © 2020 Business Standard Private Ltd. All rights reserved. Zomato had. This non-profit food drive has been backed by venture capital firms like Sequoia Capital and Lightbox Venture Partners. For reprint rights: Rebel Foods gets $50 million more from US firm Coatue, Go-Ventures adds $5 million to Rebel Food, Faasos parent Rebel Foods gets $125m from Coatue, others, GV Ravishankar's advice helped Rebel Foods create Faasos, Behrouz for diverse palates, Inciting hatred against a certain community, India's 1st Online Instant Personal Loan Marketplace. Founded in 2010 by Jaydeep Barman and Kallol Banerjee, Rebel Foods now runs close to 325 cloud kitchens across the country. Ownership brings the best in people: CEO Rebel Foods In a candid conversation with People Matters, Rebel Foods CEO, Jaydeep Barman shared his thoughts on why he values outcome vs. effort, his favorite leader, and how digitally-ready is he as a leader. Almost a decade old company, Rebel Foods was founded in 2015 by Barman. Note: Subscription will be auto renewed, you may cancel any time in the future without any questions asked. Google Pay and PhonePe top global fintech download chart in February, Swiggy expands its grocery delivery service to more cities; rebrands Swiggy Go, Instamojo raises fresh capital from Gunosy and Base; to explore global markets, Mswipe losses balloon 2.5X in FY20; revenue grew by 43% to Rs 348 Cr, Exclusive: Surge, Chiratae lead seed round in Rajat Gupta and Ashwin Swaminathan’s startup, PUBG announces India return with new game, $100 Mn investment and hiring plans, Sachin Bansal’s Navi operating revenue leaps 17.5X to Rs 222 Cr in FY20, Virat Kohli-backed USPL raises fund from Flipkart; revenue jumps to Rs 243 Cr in FY20, Netflix India’s operating revenue leaps 2X to Rs 924 Cr in FY20, BankBazaar’s scale shrinks by 27% in FY20; outstanding losses mount to Rs 658 Cr, Register for Unicorn Trip 3.0 Amit Raj. Rebel Foods (Formerly Faasos) Internet Mumbai, Maharashtra 22,110 followers World’s largest internet restaurant company. Inc42 Shots | You Can Now Send Money Via WhatsApp. The policies, to be provided by IndiaFirst Life Insurance Company, will protect Rebel Foods' employees while giving financial security to their family members against any unforeseen situation. Business Standard is happy to inform you of the launch of "Business Standard Premium Services". with the Napsers-backed firm when it raised $50 million from Ant Financials and $5 million from Pacific Horizon Investment Trust. SBICap Ventures Bag $25 Mn From European Investment Bank For Its Latest Fund. In Covid times: What is making your medicines safe to consume. The covid-19 epidemic has thrown all kinds of businesses on a reset mode. Tomorrow is different. Speaking about the initiative, Raghav Joshi, Co-founder and CEO - India Business Unit, Rebel Foods, said. The company was valued nearly $504 million in September 2019. 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