Rebel Foods was co-founded by Jaydeep Barman and Kallol Banerjee in 2011, Initially as Faasos, a roll-selling brand. Rebel Foods grew to become the world's largest internet restaurant company, later rebranding and expanding into multiple food brands under its umbrella. Jaydeep Barman is also the global CEO of Rebel Foods.
Cloud kitchen company Rebel Foods, which is set for a public-market listing in 2025-26, has reportedly raised $25 million (about Rs 212.71 crore) from Qatar Investment Authority. The platform which reported the development first, added that the company raised the capital at a valuation of $1.4 billion. The fresh funds will be used to expand its physical restaurants and food courts business. In December 20214, the firm announced its Series G funding round of $210 million, comprising a mix of primary and secondary share sales. It has raised $773 million till to date from KKR, Temasek, Lightbox, Evolvence and others.
Rebel Foods currently claims to have over 450 cloud kitchens across India, MENA, Indonesia, UK, including 75 cities in India. Its major competition includes horizontal and vertical foodtech plays including Curefoods, EatClub, Biryani by Kilo, FreshMenu, Biryani Blues, Kitchens@, Bigspoon, and HOI Foods. In February this year, Rebel Foods announced that it has launched its 15-minute food delivery app, QuickiES. Rebel Foods’ revenue from operations grew to Rs 1,420 crore in FY24 as compared to Rs 1,195 crore in FY23. The company generates most of its revenue through its core operations (sale of food), contributing 96.7% of the total operating revenue in FY24. It is a full-stack food tech firm that makes money from the sale of food through its owned stores and kitchens.