Cloud kitchen startup Rebel Foods raised Rs 100 crore in debt from Innoven capital and Trifecta Capital. Both Innoven and Trifecta invested Rs 50 crore each.
Rebel Foods operates 4,000 cloud kitchens under 45 brands such as Behrouz Biryani, Faasos, and Ovenstory Pizza. According to a regulatory filing with the Registrar of Companies, the board of Rebel Foods has passed a special resolution to issue 10,000 Series E Non-Convertible debentures at an issue price of Rs 1,000,000 per share to raise Rs 100 crore, or $12.5 million (RoC).
