and posted in Technology
Rebel foods

Rebel Foods Pvt became at least the third Indian startup to achieve a $1 billion valuation (Unicon) this week, after it secured $175 million in a funding round led by the Qatar Investment Authority (QIA).

Existing investors Coatue Management and Evolvence Group have participated in a $1.4 billion funding round for the Mumbai-based company, which operates “cloud kitchens” and calls itself the world’s largest online restaurant company. The startup said on Thursday that it was considering completing the IPO within the next two years.

The company intends to focus on increasing its presence internationally, enhancing its ordering and delivery technology, and buying more restaurant brands