Indian cloud kitchen restaurant company Rebel Foods is seeking to secure $120 million in a funding round.
Coatue Management is holding discussions to lead the funding round with a $100 million investment, which would mark its second investment in India.
Rebel’s existing investors, Evolvence, Sistema Asia Ventures, Sequoia Capital, and Lightbox Ventures, are expected to invest $15 to 20 million in Rebel Foods.
The company intends to allocate the new capital towards expanding its network of kitchens and also extend to Dubai and Indonesia, then to other South-East Asian countries. It also plans to invest in automation and robotics.