Rebel Foods Receives $25 Million From Qatar

The company will use the funds to expand its restaurant, food courts biz

- Sneha Shah & Priyamvada C.

Qatar Investment Authority (QIA) has injected $25 million into Rebel Foods, valuing the company at $1.4 billion. The funds will support the Temasek-backed company's expansion of its physical restaurants and food courts business, marking a strategic evolution for the cloud kitchen giant, three people aware of the development said.

"The company wants to expand restaurant and cafe business, essentially to expand in an omnichannel way," said the first of the three persons cited earlier, all of whom spoke on the condition of anonymity.

Rebel Foods, the operator of Faasos and Behrouz Biryani, declined to comment on the development while Qatar's sovereign wealth fund did not immediately respond to Mint's request for comment.