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Results · Commerce & Consumer Brands

Rebel Foods narrows annual losses in fiscal 2025

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Date
Company
Rebel Foods
What it does
Cloud kitchen and food delivery operator
Kind
Results
Stage
growth
Based in
Mumbai
Founded
2011
Sector
Commerce & Consumer Brands

What they do

Rebel Foods operates a network of cloud kitchens (delivery-only restaurants) and food brands like Faasos, Wendy’s, and Oven Story Pizza across multiple cities

What happened

The company reported a net loss of INR 337 Cr for FY25, marking an 11.5% improvement compared to the previous fiscal year's loss

Why it matters

Operating revenue grew 13.9% to INR 1,617 Cr, supported by improved margins and a recent expansion into 15-minute quick-commerce food delivery services

The details

  • Rebel Foods reported a net loss of INR 336.6 Cr for the financial year ended March 2025.
  • This loss represents an 11.5% reduction from the INR 380.3 Cr loss recorded in the previous fiscal year.
  • The company's operating revenue increased by 13.9% to reach INR 1,617.4 Cr during the year.
  • EBITDA loss narrowed by 25.7% to INR 127.6 Cr, with margins improving by 400 basis points.
  • Total expenses rose by 7% to INR 1,986.6 Cr due to higher material and advertising costs.
  • The startup launched QuickiES in February, a 15-minute food delivery service competing with major quick-commerce players.

The bigger picture

  • The company is preparing for an IPO (initial public offering, the process of offering shares to the public) in FY26.
  • Leadership was reshuffled in July, with Ankush Grover becoming global CEO and Jaydeep Barman moving to chairman.
  • Rebel Foods operates over 350 kitchens across 70 cities and serves approximately 2.5 Lakh orders daily.

About the business

  • Rebel Foods manages a portfolio of digital-first food brands including Faasos, Wendy’s, and Oven Story Pizza.
  • It operates a cloud kitchen model where multiple brands are prepared in shared, delivery-only kitchen facilities.
  • The business generates revenue primarily through product sales, delivery services, and financial services.
  • It has expanded its operations internationally to include markets in the UK and Dubai.
  • The company recently entered the quick-commerce space with its QuickiES app for rapid food delivery.

What happens next

  • The company is targeting an IPO in the 2026 financial year.

The deal

Type
funding

Investors

Founders

  • Jaydeep Barman, Chairman and Group CEO
  • Ankush Grover, Global CEO

About Rebel Foods

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.

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