Cloud Kitchen Startup Becomes Third India Unicorn Born This Week
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Rebel Foods Pvt has become at least the third Indian startup to achieve a billion-dollar valuation this week after securing $175 million in a funding round led by the sovereign wealth fund Qatar Investment Authority.
Existing investors Coatue Management and Evolvence Group joined the funding at a $1.4 billion valuation for the Mumbai-headquartered company, which operates cloud kitchens and calls itself the world’s largest internet restaurant company. The startup said on Thursday it’s exploring an IPO within the next two years.