Now Behrouz’s Biryani And Oven Story’s Pizza Will Be Cooked In Singapore, Here’s The Plan

Singapore tadka to be added to biryani

Faasos, Behrouz Biryani, Oven Story Pizza and Eat Sure… If you think that these are food from different companies, you are wrong because all these food are prepared in the same kitchen. Now this kitchen will have a Singaporean flavour, because the owner of this kitchen, Rebel Foods, has made a great plan.

Rebel Foods started out as a restaurant business but soon realised that the only profitable business was cloud kitchen. The company’s founders Kalol Banerjee and Jaideep Burman completely shifted their business to cloud kitchen in 2016. Their brands are most popular on platforms like Zomato and Swiggy.

New gift from Singapore

Now Rebel Foods is set to receive a major investment from Singapore. Advanced investment talks are underway between Singapore sovereign wealth fund Temasek and Rebel Foods. According to ET News, Temasek may invest Rs 10-15 crore (around Rs 835 crore to Rs 1,255 crore) in Rebel Foods.

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This deal could go like this.

Rebel Foods has decided to raise this money at its old valuation. However, Temasek will get some core shares in this deal. At the same time, some existing shareholders of the company will also sell part of their stake to Temasek. This way, there will also be a secondary sale of shares in this transaction.

Rebel Foods became a unicorn only in October 2021. The company had then raised $175 million (around Rs 1,465 crore). The company’s value at that time was estimated at $1.4 billion (around Rs 115 billion).

These are the shareholders of Rebel Foods

The founders of the company currently hold around 16.25 percent of the shares. Apart from this, Qatar Investment Authority holds 7.90%, RTP Global holds 3%, Sistema Asia Capital holds 1.60%, Goldman Sachs holds 3.40%, Coechu holds 18.60%, Lightbox holds 9.75% and Peak XV Partners holds 28.30%. share.