Faasos Parent Rebel Foods Breaches The INR 1,000 Cr Revenue

Mumbai-based cloud kitchen startup Rebel Foods, the parent of Faasos, Ovenstory Pizza, Mandarin Oak, The Good Bowl, SLAY Coffee, Sweet Truth, and Behrouz Biryani, has reported operating revenue of INR 1,195.2 Cr in FY23, up 39% from INR 858.6 Cr a fiscal ago. The startup’s EBITDA margin improved to -37.8% in FY23 from -46.4% in FY22.