Cloud kitchen restaurant company Rebel Foods has rebranded its Faasos app as EatSure. In another development, Walmart has pumped additional $560.5 million in Flipkart as part of the $1.2 billion funding round announced in July.
Rebel Foods rebrands Faasos app as EatSure
The company is believed to have done this rebranding to reflect complete hygiene across its supply chain at a time when people are avoiding restaurant-cooked food fearing COVID-19 infections. The new identity is also a reflection of the brand’s surety about its ingredients, processes, and packaging, Entrackr reported.
The rebranding can be seen on the App Store, Play Store, and online food ordering platforms Zomato and Swiggy. Rebel Foods’ other brands include Behrouz Biryani, Mandarin Oak, Oven Story Pizza, and Lunch Box.
Walmart pumps $560m into Flipkart
Flipkart has allotted 39,57,960 equity shares at $141.6 per share to Walmart in exchange for the aforesaid amount, Entrackr reported citing the company’s latest regulatory filings in Singapore. Qatar Investment Authority or QIA’s subsidiary INQ Holdings has also picked up 57,477 shares of the Indian company for $8.14 million.
Earlier this month, Chinese technology conglomerate Tencent Holdings Ltd had also made an investment of $62.8 million in Flipkart.