The investment is part of Zomato's series-I financing round.
The brand expects to have 570 live PoS and plan to deploy CAPEX of Rs 18 crore.
The tea cafe chain further targets to have 100 stores by the end of the current fiscal year.
In India, Rebel Foods runs 325 internet kitchens.
With the latest fundraise, the food delivery platform has received $840 million in funding to date.
Chai Kings is aiming to reach a 100-store mark in the next five years.
The fresh capital will be utilized by the startup for deeper penetration into existing markets and foray into new territories.
The expansion plans come after the company has secured Rs 7.5 crore in Pre-Series-A funding round.
The brand plans to double its workforce by adding another 400 people through its restaurant network in the next 18 months.
At present, the brand has distribution networks across major Indian cities, with 12,000 outlets across states including Bihar, Maharashtra, Punjab,…
The Kerala-based company, earlier known as Intergrow Foods & Beverages Pvt Ltd, is part of Synthite Group, a value-added spices company.
Zesty Kitchen eyes to set up several regional and consumption-specific sub-brands, with a view to expand to more than 1,000 kitchens by 2025.
Lite Bite Foods is the food and beverage retail business led by Dabur Group Chairman Amit Burman.
Currently, LQI works on a B2B2C and HORECA (Hotel/Restaurant/Cafe) model.
Targeting India’s massive food market, estimated to cross $540 billion by 2020, the brand has emerged as a leading player in the ‘indulgent snacks’ category.
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