CosmicTaco

Temasek to Acquire 25% Stake in Rebel Foods Pre-IPO

CosmicTaco · 2024-10-16T14:35:53.107033+05:30

- Singapore's Temasek Holdings is set to acquire a 20-25% stake in **Rebel Foods** for $180-200 Mn. - Early investors **Lightbox** and **Peak XV** are selling their shares ahead of the company's planned IPO in the next 12-18 months. - The deal will make Temasek the largest shareholder in Rebel Foods, surpassing the founders' 12% stake and Qatar Investment Authority's 10%. - Rebel Foods plans to use the fresh funds to expand its food court business, **EatSure**. - The company managed to reduce its net loss by 42% to INR 378.2 Cr in FY24, with operating revenue jumping 19% to INR 1,420.2 Cr. Source: [Inc42](https://inc42.com/buzz/temasek-eyes-25-stake-in-rebel-foods-ahead-of-ipo/)

Singapore's Temasek Holdings is set to acquire a 20-25% stake in Rebel Foods for $180-200 Mn.
Early investors Lightbox and Peak XV are selling their shares ahead of the company's planned IPO in the next 12-18 months.
The deal will make Temasek the largest shareholder in Rebel Foods, surpassing the founders' 12% stake and Qatar Investment Authority's 10%.
Rebel Foods plans to use the fresh funds to expand its food court business, EatSure.
The company managed to reduce its net loss by 42% to INR 378.2 Cr in FY24, with operating revenue jumping 19% to INR 1,420.2 Cr.

Source: Inc42