Rebel Foods, the cloud kitchen startup behind popular brands like Faasos and Behrouz Biryani, is in advanced talks to raise $120 million from Singapore's Temasek.
The funding, valued at $1 billion, signals continued investor confidence in the Indian startup ecosystem. Half of the funds will be direct investments to fuel business growth, including offline expansion. The remaining portion will involve secondary transactions, where existing investors like Lightbox and Coatue are selling shares.