According to a report by the Economic Times, the company that operates Faasos, Rebel Foods is looking to raise an amount of $100 million for expansion. The company plans to reach out to international markets as well as expand both its cloud kitchen and products within India. This was reported to the publication through its sources.
Investment For Faasos
The company, says the report, is on its way to close its current round of equity financing which is being estimated at $35 million. The source also told the Economic Times that the company is also looking at an investment of $10-15 million from Sequoia Capital. The current round of financing has also seen new investors in Rebel Foods like Sistema Asia Fund and Evolvence and these value the company at $200-220 million.