India: Faasos parent Rebel Foods mops up $47m from Coatue Management

Faasos founders Jaydeep Barman, right, and Kallol Banerjee.

Rebel Foods, best known for its cloud-kitchen brands Faasos, Behrouz Biryani, and Oven Story Pizza, has mopped up about $47 million (Rs 359.72 crore) in fresh funding from existing investor US-based Coatue Management.

According to the latest filings available with the Registrar of Companies (RoC) sourced by Paper.vc, Rebel Foods has issued 5,627 Series E1 cumulative compulsorily convertible preference shares (CCCPS) to Coatue PE Asia, each at a premium of Rs 6.39-6.74 lakh to raise the aforesaid amount.

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