Unlisted Markets

Rebel Foods Private Limited

Consumer Retail · QSR / Cloud Kitchen

Unlisted / private marketUnlistedScreened Candidate
Prospera Indicative PriceIndicative price unavailable

Awaiting a verified source quote. No third-party quote is on record for this company yet, so there is no indicative price to show — and we would rather leave it blank than print a number we cannot stand behind. Our team can confirm the current dealable level directly.

Indicative private-market reference — not an exchange quote. Not investment advice.

Implied valuation
Not available
Revenue growth
Not disclosed
EBITDA margin
Not disclosed
Prospera Score
Not yet scored
Orientation

What the market says, and what we know.

Two separate things, deliberately shown side by side: a sourced private-market price reference, and the depth of research that actually stands behind this company today.

Market reference

No third-party quote has been sourced for this company yet, so there is no market reference to show. Ask us to check the current level and we will come back with what the market is actually doing.

Prospera researchScreened Candidate
  1. Research Universe — availableCatalogued as a strategically relevant private-market company.
  2. Basic Research — availableBusiness and ownership facts verified against primary sources — 2 sourced records on file.
  3. Deep Research — not availableNot started. No financials, no implied valuation and no Prospera Score exist for this company.
  4. Prospera Recommendation — not availableNo Prospera view has been published. Presence in the universe is not a recommendation.
Price history

Indicative Private-Market Price History

Real, dated third-party observations only — plotted where they exist, never interpolated, extended or carried forward. This is a record of private-market sightings, not a live exchange chart.

Price history not available. No dated third-party quotes have been sourced for this company yet.

What the company does

The business, in plain English.

Assembled only from records that exist for this company. Anything not disclosed says so.

Founded
2011
Headquarters
Mumbai, Maharashtra
Sector
Consumer Retail · QSR / Cloud Kitchen
Promoters
Jaydeep Barman, Kallol Banerjee

What it does

Rebel Foods is the world's largest cloud-kitchen restaurant operator, running food-delivery-only kitchens under more than 40 owned brands including Faasos, Behrouz Biryani, Oven Story Pizza and Sweet Truth, sold through food-delivery apps and its own channels. It was founded in 2011 (originally as Faasos) by Jaydeep Barman and Kallol Banerjee and now runs over 450 kitchens across roughly 10 countries. The company narrowed its net loss to about Rs. 336.6 crore in FY25 on revenue of Rs. 1,617.4 crore, and is reportedly targeting an IPO in the second half of 2026.

Source: Inc42

Why it matters

Competes with traditional QSR chains like Jubilant FoodWorks (Domino's) and Westlife Foodworld (McDonald's), and with other cloud-kitchen and food-delivery-native brands operated by Swiggy and Curefoods.

Source: Not attributed

Ownership structure

Founder-led with institutional backing from Sequoia Capital, Coatue Management, Qatar Investment Authority and others; last valued at $1.61 billion after an April 2025 Series G round

Promoters & principal holders: Jaydeep Barman, Kallol Banerjee

Private-market context

Unlisted, pre-IPO; targeting a listing in H2 2026

UnlistedPre-IPODRHP FiledPublic

What to understand before investing

  • Unlisted shares can be difficult to sell. There may be no continuous market and no guaranteed buyer at the price you see.
  • Any price shown here is an indicative private-market reference, not an exchange quote and not an executable price.
  • An expected IPO may be delayed, repriced or never happen at all.
  • A good company can still be a poor investment at the wrong valuation.
These are standing characteristics of the asset class, not findings about this company. Company-specific risks appear below only where they have been researched.
Research status

Research is not yet complete for this company.

We would rather say that plainly than publish a page that looks finished.

No financials, no implied valuation and no peer comparison have been researched for this company yet.

No Prospera Private Market Score and no Prospera view exist. Being in our universe is not a recommendation, and we will not manufacture one to fill this space.

What you can rely on above is what has actually been verified: the company's identity and business facts, any sourced price observations on record, and any risks that have been documented. If you want us to prioritise deeper work here, ask — that is genuinely how the queue gets set.

Risk

What could go wrong.

Documented, per-company risks — grouped by the categories the research itself recorded. There is no risk score here, because we do not compute one.

Financial

1 recorded risk

The company has a history of significant losses; it reported a net loss of Rs. 336.6 crore in FY25, and profitability at scale for the cloud-kitchen model remains unproven ahead of a planned public listing.

Source: Inc42
Corporate events

What's happened, and why it matters.

Dated, sourced events only — recorded as they were reported, in reverse order of significance to a private-market holder.

  1. Fundraising1 Apr 2025

    $25 million Series G round

    Pushed valuation to $1.61 billion ahead of a planned 2026 listing.

    Source: Inc42
Sources & evidence

Everything traceable.

Every figure on this page comes from one of the records below. Where a source published a link, it is here.

FieldSourceAs of
Business DescriptionInc42Not disclosed
Competitive PositionNot attributedNot disclosed
Next step

Interested in Rebel Foods Private Limited?

Every option below opens a conversation with a person at Prospera. Nothing here places, reserves or executes an order.

We will come back with the current dealable level, the available lot size and what the process actually involves. Indicative prices shown on this page are private-market references, not executable quotes.