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Rebel Foods, the cloud kitchen startup operating brands such as Faasos and Behrouz Biryani, is reportedly in discussions to secure a new funding round ranging from $100 million to $150 million. This investment round is expected to be led by Singapore's sovereign fund, Temasek, with reports suggesting a possible $120 million investment. While Temasek has not commented on the market speculation, Rebel Foods has denied being in advanced fundraising discussions with any specific investor, stating that it is still in preliminary talks and evaluating strategic opportunities.
🚨🍕 Cooking up a mixed deal! Singaporean sovereign fund #Temasek is in advanced discussions to lead a $100-150 million investment in Rebel Foods, parent of Faasos, Behrouz Biryani and other cloud kitchen brands, people aware of developments said. Details 🧵👇
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