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Rebel Foods’ revenue grew 19% to Rs 1,420 crore in FY24, with a 42% reduction in losses to Rs 378 crore.
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The company’s expenses remained largely flat, with a focus on improving financial health ahead of a planned $120 million funding round.
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Rebel Foods plans to expand its offline presence with 100-250 physical outlets and explore an offline food court concept.
Rebel Foods, a leading cloud kitchen startup, has reported a 19% increase in revenue to Rs 1,420 crore in FY24. The company, which operates popular brands like Faasos and Behrouz Biryani, also managed to reduce its losses by 42% to Rs 378 crore. This improvement in financial health comes as Rebel Foods prepares to raise $120 million in funding from Temasek.
The company’s expenses remained largely flat, with a focus on cost management and efficiency. Rebel Foods is now planning to expand its offline presence, with plans to open 100-250 physical outlets. The company is also exploring the concept of an offline food court, where all its nine brands will be available under one roof.
