Singapore-based investment firm Temasek has filed a notice with the Competition Commission of India (CCI) for its investment in Rebel Foods through its unit Jongsong Investments.
Rebel Foods, the owner of Behrouz Biryani and Faasos, is expected to close a funding round of $100 million to $200 million led by Temasek.
Rebel Foods operates multiple cloud kitchen brands and is planning for its public debut in the next 12-18 months.
The company narrowed its after-tax losses by 40% in the financial year ended FY24 and saw a 19% increase in operating revenue compared to the previous year.