- September 24, 2019 / 4 min readKalanick will make the investment in Rebel Foods through its real estate company City Storage Systems.
Travis Kalanick, Co-Founder of Uber, is likely to pick up a minority stake in homegrown, multi-brand cloud kitchen player Rebel Foods, previously known as Faasos.
Kalanick will make the investment in Rebel Foods through its real estate company City Storage Systems, which he took over after he was ousted as the CEO of the ride-hailing major in 2017.
Founded by Jaydeep Barman and Kallol Banerjee, Rebel Foods is operating multiple quick-service food brands independently, facilitating deliveries through its app or through the likes of Zomato and Swiggy. The Pune-based company has nine in-house brands including Faasos, Oven Story, Firangi Bake, Behrouz Biryani, and Mandarin Oak.
A person aware of the matter said, “It’s a small cheque from Kalanick, which is part of the $125-million financing round for Rebel.”
Rebel Foods has more than 175 cloud kitchens across 12 cities in India. It claims to receive almost 30K orders a day.
Last month, the company had raised $125 million led by US-based hedge fund Coatue Management. It has also received investment from Indonesia’s Go-Jek, one of the biggest startups in Southeast Asia, through its investment arm Go Ventures.
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