Cloud kitchen operator Rebel Foods narrows losses by 40% in FY24 as topline grows

Quick Summary:

Rebel Foods, which has raised multiple rounds of debt financing, earns money through the sale of food via its owned stores and kitchens.

It competes with Ankit Nagori-founded Curefoods which operates brands Eatfit, Sharief Bhai, Olio Pizza, Rolls on Wheels, Nomad Pizza, and Millet Express.

The increase in total expenses was driven by finance costs and costs of material consumed.

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Article Details

Author / Journalist: Akshita Toshniwal

Category: StartupsEconomyBusiness

Markets: IndiaBangladeshIndonesiaMalaysiaSingaporeThailand

Topics: Terms Information Policy Debt Foods Cloud Total Privacy Rebel Year Crore

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-30 @ 08:05:12 (2 days ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 218 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 22306049

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Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

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