Indian online restaurant company Rebel Foods has received a $25m investment from Qatar Investment Authority (QIA) to support growth, propelling the company’s valuation to $1.4bn, reported Mint.
This funding is set to bolster the expansion of Rebel Foods’ physical restaurants, as well as food courts, indicating a shift for the Temasek-supported company.
Few people under anonymity revealed information regarding the restaurant plan.
One of the parties said: “The company wants to expand restaurant and café business, essentially to expand in an omnichannel way.”
The parent company of brands such as Faasos and Behrouz Biryani, Rebel Foods has not issued a statement on the matter.
A large portion of the investment is earmarked for the growth of Rebel Foods’ food court venture, Eatsure.
Another source said: “The company wants to start some key restaurants and food courts where their branded food items can be sold and dined in. They now want to have an omnichannel approach. This is likely to challenge any incoming competition from newer players and quick commerce majors.”
The company’s strategy includes a diverse offering within its food courts, ranging from biryani to pizza, and cakes to coffee.
With the fresh capital, Rebel Foods is poised to inaugurate additional outlets in key Indian cities such as Mumbai, Pune, Bengaluru and Delhi. The company also recently partnered with Wendy’s in India.
The introduction of new outlets comes alongside reports from December, when Mint cited an anonymous source claiming that KKR was in the process of acquiring $50m-$75m worth of Rebel Foods shares from existing investors, at a valuation of $800m-$860m.
Furthermore, Rebel Foods is reportedly considering an initial public offering within the next one to one and a half years.
In February 2025, Rebel Foods opened its third Oven Story Pizza store in Moradabad, Uttar Pradesh.
