Friday, 20 December, 2024

KKR Invests in Rebel Foods, Valuing Cloud Kitchen Firm at $800 Million

Private equity firm KKR has acquired a stake in Mumbai-based Rebel Foods, the parent company of brands like Faasos and Behrouz Biryani, through a secondary share purchase. This transaction values Rebel Foods at approximately $800 million, a significant decrease from its previous $1.4 billion valuation. The investment follows a recent $210 million funding round led by Temasek.