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Vision Fund may lead $100-million funding round in Faasos' parent

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

Vision Fund, softbank
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Despite the huge cash burn that the sector is witnessing, foodtech companies continue to garner huge investors’ interest

Peerzada Abrar Bengaluru
SoftBank’s Vision Fund is said to be in advance stages of talks to invest in foodtech firm Rebel Foods, known for brands like Faasos and Behrouz Biryani.

According to several sources, SoftBank is likely to lead a $75-100 million funding round that the Mumbai-based start-up is planning to close soon. Goldman Sachs, Chinese internet giant Tencent as well as Temasek are also expected to participate in the round, said a person privy to this development.

Existing investors including Sequoia, Lightbox, Evolvence India and Sistema Asia Fund are also expected to participate in the round.

“There are a lot of foreign investors including the