Why Rebel Foods is alive and kicking
Detractors had predicted its death but the company behind brands such as Faasos, Behrouz Biryani and Mandarin Oak has proved them wrong.
Why read this story?
Editor's note: Bennett Coleman & Company Ltd is one smart cookie. In 2016, Faasos Food Services Pvt. Ltd issued three-year warrants to BCCL for Rs 16 crore. Early this year, the company exercised those warrants. (A warrant is a financial instrument that gives one the right to buy, or sell, a security at a certain price within a specific period.) And now, about six months later, BCCL is selling its stake in the company in a secondary transaction. It has appointed an investment banker which has started pitching to high-net-worth individuals, and family offices. Three industry executives and investors we spoke with said that BCCL is selling at a significant discount. Not surprisingly, suitors are lining up, hoping to buy into a company which was last valued at $800 million. If we were to put a number to it, BCCL’s investment in Faasos—renamed Rebel Foods Pvt. Ltd in 2018—of Rs 16 crore stands at about Rs 60 crore today, three years on. (Correction: An earlier version of this story misstated the current value of BCCL's investment.) BCCL is about to make a …
More in Internet
You may also like
Indian consumer startups end 2025 on a high. Next year may not be so easy.
Stories of great outcomes and easy funding kept the sector on its toes. The momentum is expected to continue going into 2026, but startups may need to rethink their strategy.
FabHotels pivoted to corporate travel for survival. Can it grow?
The challenges of running a budget hotel chain in India forced the decade-old company to quietly shift its focus to a travel management platform for corporate travellers. Now it must face challenges of another kind.
Infra.Market is a hamster wheel looking at a make-or-break IPO
The construction material supply firm’s scale and profitability may appear shiny, but hide a stark truth. Its use of equity to fund working capital is playing with fire when bigger fish are eyeing its business.
