Rebel Foods secures US$25M investment from QIA, valuation hits US$1.4B

INDIA – Cloud kitchen giant Rebel Foods has received a US$25 million boost from the Qatar Investment Authority (QIA), pushing its valuation to US$1.4 billion and reinforcing its expansion momentum.

Rebel Foods is preparing to scale up its presence in India’s offline dining sector, signalling a strategic pivot for the Temasek-backed cloud kitchen major.

The company, best known as the parent of Faasos and Behrouz Biryani, is reportedly set to channel recent funding into the expansion of its physical restaurants and food courts, adopting a more omnichannel approach.

Although Rebel Foods has not publicly confirmed its plans, sources familiar with the matter say the move marks a significant step towards increasing visibility and accessibility.

One insider noted that the company aims to build out its restaurant and café business, enabling customers to dine in while still offering delivery and takeaway.

A significant portion of the fresh capital is said to be allocated to the company’s food court brand, EatSure.

Another source added, “The plan is to launch flagship restaurants and food courts where Rebel’s branded items—from biryani to pizza, cakes to coffee—can be enjoyed in one space. It’s a strategy designed to hold ground against both traditional competitors and quick-commerce players.”

With this in mind, Rebel Foods is poised to open more outlets across major Indian cities including Mumbai, Pune, Bengaluru, and Delhi.

The company also recently partnered with Wendy’s to expand the American fast-food brand’s footprint in India.

This latest round of expansion follows earlier reports suggesting that global investment firm KKR was in talks to acquire shares worth US$50 million to US$75 million from existing Rebel Foods investors, pegging the company’s valuation between US$800 million and US$ 860 million.

Looking ahead, Rebel Foods is considering an initial public offering within the next 12 to 18 months. Meanwhile, the company continues to build out its in-house brands.

In February 2025, it launched its third Oven Story Pizza outlet in Moradabad, Uttar Pradesh, offering dine-in, takeaway, and delivery services.

The store’s menu includes signature options like Dragonfire, Feta, and Veggie Fantasy, with special launch offers for dine-in customers.

Rebel Foods plans to establish 200 offline stores across Tier I and Tier II Indian cities by the end of 2026, underscoring its ambition to become a leading omnichannel food service brand.

Sign up HERE to receive our email newsletters with the latest news and insights from Africa and around the world, and follow us on our WhatsApp channel for updates.