Rebel Foods, the parent company of EatSure (previously Faasos), has raised Rs 75 crore in debt from Catalyst Trustship (Northern Arc) and Stride Ventures. The company has issued 7,500 Series F non-convertible debentures at an issue price of Rs 1,00,000 per debenture to raise the funds. Catalyst Trustship invested Rs 25 crore, while Stride Ventures invested Rs 50 crore. Rebel Foods has previously raised Rs 225 crore in debt from InnoVen Capital, Trifecta Ventures, and Alteria Capital in 2022. The company operates over 450 kitchen locations and over 4,000 internet restaurants across 70 cities in 10 countries, and operates food brands such as Faasos, Behrouz Biryani, Ovenstory Pizza, Mandarin Oak, The Good Bowl, and Slay Coffee. The company reported a 2.1X increase in revenue from operations to Rs 859 crore in FY22, while its losses also spiked 54.9% to Rs 564 crore from Rs 364 crore in FY21. Rebel Foods aims to set up 100 outlets in two years as it revisits its offline retail plans in a bid to turn profitable this year.
The company’s revenue from operations shot up 2.1X to Rs 859 crore in FY22 whereas its losses also spiked 54.9% to Rs 564 crore from Rs 364 crore in FY21. Rebel Foods recently said that it is looking to set up 100 outlets in two years as it revisits its offline retail plans in a bid to turn profitable this year
According to the information provided, Rebel Foods’ revenue from operations increased 2.1 times to Rs 859 crore in FY22. However, its losses also increased 54.9% to Rs 564 crore from Rs 364 crore in FY21. Despite this, Rebel Foods aims to set up 100 outlets in two years as part of its offline retail plans to turn profitable this year.