CEO Anthony Tan said the company will invest part of the proceeds into mapping tech in order to “deliver groceries more efficiently.”
The Singaporean salad chain sees digitalization, cloud kitchens, and plant-based proteins as the way to get there.
The Jakarta-based company says it wants to become “the leader in creating delivery-first food and beverage brands in Southeast Asia.”
The Series C round marks the first UAE investment out of SoftBank’s Vision Fund II.
Rebel Foods previously raised $125 million from Coatue, Goldman Sachs, Gojek, and Uber co-founder Travis Kalanick in its Series D round last year. It’s now expanding to Southeast Asia and the Middle East.
It took Amazon nearly two and a half decades to capture 5% of the world’s retail. If that period was about layering technology on top of the physical world, the next will be digital-first, physical second.
Indian cloud kitchen giant Rebel Foods has raised $125m in Series D funding from Goldman Sachs, Sequoia Capital, Gojek, and others.
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