Results · Commerce & Consumer Brands

Rebel Foods reports strong growth and plans to turn profitable next year

By Startup Enthusiast · 18 February 2025

What they do

Rebel Foods runs multiple food brands like Faasos and Behrouz Biryani through cloud kitchens

The company is growing at over 20% YoY in same-kitchen sales and expects to turn profitable next year

Rebel Foods reduced losses by 42% in FY24 and cut EBITDA burn to under ₹10 crore

Rebel Foods, a cloud kitchen startup, is not facing a slowdown in its food delivery business and is on track to turn profitable next year.
The company reported a 20% YoY growth in same-kitchen sales, outperforming listed rivals like Zomato and Swiggy.
Rebel Foods generated ₹1,420 crore in revenue in FY24, a 19% increase from the previous year.
The company reduced its losses by 42% in FY24, from ₹657 crore to ₹378 crore.
Rebel Foods closed a $210 million funding round in December 2024 after improving its financials.
The company launched QuickiES, a 15-minute food delivery service, in Mumbai with a 90% success rate in pilot tests.
Rebel Foods plans to assess the performance of QuickiES in Mumbai before scaling to other cities.

Rebel Foods is growing faster than its listed competitors Zomato and Swiggy, which have seen slower growth in recent quarters.
The company's model allows it to serve multiple food missions from the same infrastructure, leading to strong operating leverage.
Rebel Foods has reduced its EBITDA burn to under ₹10 crore in December 2024, indicating improved financial health.
The company is preparing for an IPO and expects to turn profitable next year, ahead of its planned public offering.

Rebel Foods operates cloud kitchens and runs multiple food brands such as Faasos, Oven Story, and Behrouz Biryani.
The company delivers food through its own platform and partners with restaurant chains.
Rebel Foods is expanding its 15-minute food delivery service called QuickiES, offering a range of popular dishes and café-style snacks.
The company operates in around 75 cities across India and is testing QuickiES in Mumbai before scaling to other cities.
Rebel Foods generates revenue through food delivery and is working to improve its profitability ahead of an IPO.

Rebel Foods plans to assess the performance of its 15-minute delivery service, QuickiES, in Mumbai before scaling to other cities.
The company aims to turn profitable next year ahead of its planned initial public offering (IPO).

Product: Multi-brand cloud kitchen and food delivery platform.
Customers: Urban consumers ordering meals from its owned brands.
How it makes money: Sells prepared food through owned brands and delivery channels.
What sets it apart: Runs a large portfolio of in-house food brands across a wide kitchen network.
Operations: Operates cloud kitchens and consumer food brands, with some dine-in and quick-delivery experiments.