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Goldman-Backed Rebel Foods Seeks Funds to Expand Cloud Kitchens

  • India startup aims to raise at least $200 million in funding
  • Food startup has partnership in India with Wendy’s Co.
Inside a Rebel Foods Pvt cloud kitchen in Mumbai.

Inside a Rebel Foods Pvt cloud kitchen in Mumbai.

Photographer: Dhiraj Singh/Bloomberg

Indian cloud-kitchen operator Rebel Foods Pvt Ltd. is looking to raise at least $200 million in fresh funding, according to people familiar with the matter.

The local partner of U.S. fast food operator Wendy’s Co. is working with Goldman Sachs Group Inc. on the fundraising, the people said, asking not to be identified as the information is private. Rebel Foods is considering seeking a valuation in the round of close to $2 billion, one of the people said. The company will use the funds to expand its business both in India and overseas, another person said.