Faasos

Rebel Foods -- which owns Faasos, Behrouz Biryani, Oven Story and other cloud kitchens -- has reported a narrowing of its consolidated loss to Rs 378.21 crore in FY24, according to financial data accessed by the business intelligence platform Tofler. Its revenue from operations rose 18.8 per cent to Rs 1,420.24 crore for the financial year ended March 31, 2024. In FY23, the company's net loss was Rs 656.55 crore, while its revenue stood at Rs 1,195.22 crore. Rebel Foods's other income in FY 24 was Rs 65.29 crore, up 2.81 per cent. Its total income was Rs 1,485.53 crore, up 18 per cent in 2023-24. The company's total expenses were Rs 1,857.03 crore in FY24 against Rs 1,827.04 crore for the financial year ended March 31, 2023. Founded in 2011 by Jaydeep Barman and Kallol Banerjee, Rebel Foods is the world's largest internet restaurant company, having over 450 kitchens across 70 cities. It owns brands such as Faasos, Behrouz Biryani, Ovenstory Pizza, Mandarin Oak, The Good Bowl, SL

With this, Rebel Foods would become the country's first cloud kitchen business to go public

Home-grown food-tech company Rebel Foods, with brands like Faasos and Behrouz Biryani, on Monday announced its foray in Saudi Arabia and said it aims to become a USD 100 million food delivery business over the next three years. This foray is in partnership with Dubai-headquartered KitchenPark and dynamic Saudi entrepreneur, Fahad Al Hokair-founded Kitch, it added. The company launched two cloud kitchens in Riyadh located in Sulaymaniyah and Qurtoba which will offer Rebel's signature brands such as The Messy Burger, Oven Story Pizzas, Fricken' Fried Chicken and The 500 Calorie Project, the company said in a statement. This will be closely followed by the launch of Behrouz Biryani, Faasos and Mandarin Oak, which are Rebel's popular brands in the Indian and Chinese cuisine markets in the Middle East. "The Middle East or the MENA market is a key region for Rebel Foods and we are investing significantly to build our cloud kitchen network and to strengthen our brands," Rebel Foods CEO -

Faasos entered 50 new cities and is the first Indian QSR with wide acceptance to its offering i.e. Indian flavors adapted to local needs

Through this partnership, customers across Asia can get food options from virtual brands such as Faasos, Behrouz Biryani

With over 350 kitchens, Rebel Foods said it is able to deliver food across the nation even under the current circumstances

The meeting, which took place on Tuesday, was also attended by representatives of the National Restaurant Association of India (NRAI)

Alteria Capital's portfolio includes Faasos, Lendingkart, ZestMoney, Vogo, Toppr, Raw Pressery, Universal Sportsbiz, Dunzo

Rebel Foods to become first web restaurant firm to eye markets such as the UAE, Indonesia, the UK, and US

Apart from SoftBank, Goldman Sachs, Tencent and Temasek are also expected to participate in funding Rebel Foods