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Foodtech startup EatSure partners with IRCTC to deliver foods; Know the station names
IndianStartupNews
·
1y ago
Medial
Foodtech startup EatSure has partnered with the Indian Railway Catering and Tourism Corporation (IRCTC) to offer passengers a wide range of food options during train journeys. The facility, accessible through the EatSure app, allows travelers to order food from multiple brands in a single order. The service is currently available at 100 railway stations in over 75 cities including Hyderabad, New Delhi, Jaipur, Kolkata, and Mumbai. Popular brands such as Behrouz Biryani, Faasos, and Oven Story Pizza are part of the offerings. Orders can be placed well in advance or just an hour prior to reaching the next station.
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Rebel Foods’ EatSure Gambit
Inc42
·
9m ago
Medial
India's food delivery industry is dominated by Zomato and Swiggy, but Rebel Foods is taking a different approach with its brand EatSure. Rebel Foods aims to expand its reach beyond Tier I cities and into Tier II and Tier III cities, with plans to add more restaurants by December 2024. Reports suggest that Temasek Holdings is looking to invest in Rebel Foods as the company prepares to go public.
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Rebel Foods launches 15-min food delivery app ‘QuickiES’
Entrackr
·
5m ago
Medial
Rebel Foods launches 15-min food delivery app ‘QuickiES’ Cloud kitchen unicorn Rebel Foods is making a foray into the 15-minute food delivery segment to compete with foodtech giants like Zomato and Swiggy. In a LinkedIn post, EatSure co-founder and CEO Sagar Kochhar announced that Rebel Foods has launched its 15-minute food delivery app, QuickiES. Co-founded in 2011 by Jaydeep Barman and Kallol Banerjee, Rebel Foods operates a network of cloud kitchens and restaurants across multiple countries. It owns and operates several quick-service restaurant (QSR) brands, including Behrouz Biryani, Mandarin Oak, Oven Story Pizza, Sweet Truth, LunchBox, The Good Bowl, Firangi Bake, The Biryani Life, and Wendy’s. Rebel Foods claims to operate over 450 cloud kitchens across India, the MENA region, Indonesia, the UK, and 75 Indian cities. In FY24, the company’s revenue from operations increased to Rs 1,420 crore, while its losses narrowed by more than 42% to Rs 378 crore during the same period. The Mumbai-based startup has raised $773 million in funding to date from investors such as KKR, Temasek, Lightbox, Evolvence, and others. The instant food delivery market is becoming increasingly competitive, with Zepto launching a dedicated app for Zepto Cafe, promising 10-minute food deliveries. Meanwhile, Zomato-owned Blinkit has introduced Bistro, a standalone app for instant food delivery. Similarly, Swiggy has launched a standalone app, SNACC, for 15-minute food delivery. Zomato has also entered the quick food delivery segment, while emerging platforms like Swish, Magicpin, and Zing are gaining momentum.
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Rebel Foods to take Oven Story Pizza offline, to set up over 250 franchise outlets
Thehindubusinessline
·
1y ago
Medial
Rebel Foods, the company behind cloud-kitchen and digital brands, is expanding its flagship brand, Oven Story Pizza, in the offline market through franchising. By opening 250-300 outlets in the next few years, Rebel Foods aims to compete with global pizza chains in India's fast-growing pizza segment. The company is targeting tier-2 and tier-3 markets, where there are untapped opportunities due to increasing disposable incomes and consumer preferences for national food brands. Rebel Foods has witnessed healthy growth across its locations and credits its Food-Court App, EatSure, for fueling this growth.
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Temasek to acquire Rebel Foods stake for $180-200 million
Livemint
·
9m ago
Medial
Singapore's Temasek Holdings is reportedly set to acquire a 20-25% stake, worth $180-200 million, in Rebel Foods, making it the largest shareholder of the cloud kitchen chain. The stake is being purchased from existing investors Coatue Management, Lightbox, and Peak XV. Rebel Foods, which operates popular cloud kitchen brands like Faasos and Behrouz Biryani, is planning an IPO within the next 12-18 months. The funding will be used to expand Rebel Foods' food court business, Eatsure. The company currently operates over 450 kitchens in more than 70 cities and has a portfolio of 45 brands across multiple countries.
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IRCTC to serve Kashmiri vegetarian cuisine on Katra-Srinagar Vande Bharat train
Economic Times
·
1m ago
Medial
The IRCTC plans to introduce Kashmiri vegetarian cuisine on the Katra-Srinagar Vande Bharat train starting the second week of July. The menu will include local dishes such as ambal kaddu, babru, Jammu paratha, paneer chaman, Kashmiri dum aloo, and Jammu rajma. This initiative aims to promote local foods and enhance travelers' experiences. The IRCTC also offers popular local cuisine on other premier trains like Rajdhani Express and Vande Bharat across India.
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Rebel Foods may spend ₹200 crore to expand cloud kitchens, food courts
Livemint
·
1y ago
Medial
Rebel Foods, the operator of multiple food brands including Faasos and Behrouz Biryani, plans to invest ₹100-200 crore to expand its dark kitchens and food court format EatSure. The company aims to open 100 stores and capitalise on the return of in-store dining as the pandemic subsides. Rebel Foods currently operates over 450 cloud kitchens in India, the Middle East, and other regions. It also runs outlets for fast-food chain Wendy's. The offline expansion comes as the company prepares for a potential stock market listing in 2026.
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From Attur to Australia: This D2C brand delivers traditional superfood to global palates
YourStory
·
1y ago
Medial
Divine Foods, a D2C brand founded by Kiru Maikapillai, is aiming to bring traditional Indian superfoods to global markets. The company began with producing high-quality turmeric, known for its health benefits, and has since expanded its range to include products made from moringa, millets, and honey, as well as health and skincare products. Divine Foods sources its turmeric directly from farmers in Salem, Tamil Nadu, and eliminates intermediaries to deliver fresh and preservative-free products to consumers. The startup, which has received investment from actress Nayanthara and her husband, plans to expand its product line to include baby care products.
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Tired of waiting in long queues to refuel your car? This startup from Shark Tank has a solution
Business Today
·
10m ago
Medial
Nawgati, a tech-driven startup founded in 2019, aims to revolutionize the fueling experience in India. Backed by industry giants and recognized by government bodies, Nawgati provides innovative solutions that streamline fuel station operations and enhance consumer efficiency. The company's flagship product, Aaveg, offers real-time monitoring and congestion management for fuel station operators. Nawgati gained significant recognition after securing a deal on Shark Tank India Season 2, accelerating its growth and attracting partners. With over 14 lakh downloads of its Fueling App, Nawgati is making strides in reducing congestion and carbon emissions.
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Swiggy and IRCTC join hands to deliver food on Indian Railways
Thehindubusinessline
·
1y ago
Medial
Swiggy, an online food ordering and delivery platform, has signed a Memorandum of Understanding (MoU) with the Indian Railway Catering and Tourism Corporation (IRCTC) to deliver pre-ordered food on trains. The service will initially be available at four stations and will later expand to 59 additional city stations. Passengers on designated trains will be able to place food orders that will be delivered directly to their seats. The partnership aims to enhance convenience and food options for train passengers, and Swiggy plans to expand its services to more stations and routes in the future.
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Rebel Foods posts Rs 1,420 Cr revenue in FY24; losses down by 42%
Entrackr
·
11m ago
Medial
Cloud kitchen posterboy Rebel Foods (formerly Faasos) significantly improved its financial health during the fiscal year ending in March 2024. The Mumbai-based firm achieved nearly 19% growth in scale and reduced its losses by over 40% during the same period. Rebel Foods’ revenue from operations grew to Rs 1,420 crore in FY24 as compared to Rs 1,195 crore in FY23, as per the company’s consolidated financial statements with the Registrar of Companies. The company generated most of its revenue through its core operations (sale of food), contributing 96.7% of the total operating revenue in FY24. Rebel Foods is a full-stack food tech firm that makes money from the sale of food through its owned stores and kitchens. A small part of its income also came from commission, storage, franchise, delivery services, compensation on account of cancellation, and royalty. Apart from operating income, the foodtech firm also earned Rs 65.29 crore via interest and gain on financial assets (non-ops income) which increased the overall revenue to Rs 1,485.53 crore in FY24. On the expense front, the cost of materials accounted for 33% of the total burn which increased 6.2% to Rs 613.35 crore in FY24. Employee benefits expenses, however, marginally decreased (2.6%) to Rs 394.92 crore during the last fiscal. This overhead also includes the ESOP expenditure of Rs 46.55 crore, followed by brokerage, commission, and promotional costs. For more details, head to TheKredible. Also read: Decoding the financial health of leading cloud kitchen startups With improved topline, Rebel Foods also managed to keep a check on total expenses which grew mere 1.6% to Rs 1,857 crore in FY24. The firm also cut down its losses by over 42% to Rs 378 crore. As of FY24, the company’s outstanding losses stood at Rs 2,911 crore. The improved bottom line can also be seen via EBITDA margin which bettered to -10.76% in FY24, improving by nearly 2,000 BPS. Rebel Foods recorded an EBITDA loss of Rs 159.83 crore in the same period. FY23-FY24 FY23 FY24 EBITDA Margin -30.33% -10.76% Expense/₹ of Op Revenue ₹1.53 ₹1.31 ROCE -39.65% -35.50% On a unit level, the foodtech major spent Rs 1.31 to earn a rupee of operating revenue during the period. Rebel Foods currently claims to have over 450 cloud kitchens across India, MENA, Indonesia, UK, including 75 cities in India. The Peak XV-backed firm raised its last equity round in November 2021 and since then it has received nearly $50 million in debt across five tranches. It’s reportedly in talks to raise up to $150 million in a mix of primary and secondary components. Rebel Foods’ major competition includes horizontal and vertical foodtech plays including Curefoods, EatClub, Biryani By Kilo, FreshMenu, Biryani Blues, Kitchens@, Bigspoon, and HOI Foods.
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