Times Group buys stake in Faasos owner Rebel Foods for ₹16 cr

Bennett, Coleman and Company (The Times Group) has acquired a stake in Bengaluru-based cloud kitchen startup Rebel Foods worth about ₹16.25 crore ($2.2 million). Earlier this month, the Faasos owner had raised ₹35 crore from Alteria Capital and over ₹834 crore ($120 million) in 2019. Founded by Jaydeep Barman and Kallol Banerjee, the startup has raised $281.5 million so far.