Indian food delivery platform Rebel Foods Pvt. Ltd is seeking to bag up to $150 million in new funding at $350 million to $400 million valuation.
With the net funds, Rebel Foods will expand its footholds of kitchens from the existing 200 to 500 in other markets especially Dubai and Indonesia as well as invest in automation and robotics to reduce on kitchen labour.
Japanese technology to investment giant SoftBank and Singaporean investment major Temasek Holdings have shown interest. Rebel will book $70.3 million in revenue in the financial year 2018 to 2019.
Earlier this month, Rebel Foods hired Bank of America Merrill Lynch to advise on the fundraise and seek new investors.