menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Startup News

>

Temasek fi...
source image

Yourstory

4w

read

201

img
dot

Image Credit: Yourstory

Temasek files notice with CCI for investment in Rebel Foods

  • 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.

Read Full Article

like

12 Likes

For uninterrupted reading, download the app