Hat-trick of unicorns! Rebel Foods, 3rd in 4 days🍕
First rooftop drive-in theatre in BKC, Tata Digital to offer stock options, Funding Deals & more.
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Cloud kitchen startup Rebel Foods is 31st Indian unicorn, raises $175 mn🍲
Rebel Foods Pvt has become at least the third Indian startup to achieve a billion-dollar valuation this week after securing $175 million in a funding round led by the sovereign wealth fund Qatar Investment Authority.
This round catapults the company to unicorn status with a valuation of $1.4 billion, up from about $800 million last year.
Rebel Food said it’s growing at 100% annually and moving toward profitability with an annual run rate of over $150 million. It operates more than 45 brands from Behrouz Biryani to Ovenstory Pizza and Faasos wraps across 10 countries including India, Indonesia, the United Arab Emirates and Malaysia.
Meat-delivery startup Licious and crypto-exchange CoinSwitch Kuber also announced the funding at billion-dollar valuations this week.
Reliance gives Mumbai its first rooftop drive-in theatre in BKC🎪
Reliance Industries on Thursday announced the launch of its premium retail destination, Jio World Drive (JWD), in Mumbai’s commercial epicenter, Bandra Kurla Complex.
Jio World Drive (JWD), a premium retail destination that will span across an area of 17.5 acres at Maker Maxity will be home to 72 prominent international and Indian brands, and 27 culinary outlets with cuisines from across the globe.
Designed by the renowned design architects Ross Bonthorne and Andy Lampard, Jio World Drive’s elegant, floating façade is inspired by the French concept of Nuage, which resembles a cloud-like structure.
Hot Shorts⚡
Twin Health, makers of the Whole Body Digital Twin precision health technology today announced $140 million (Rs 1,000 crore) in Series C funding as it is looking to scale its presence in India and the US.
Stader Labs, a cryptocurrency staking management platform for global investors, has raised $4 million in a funding round led by Pantera Capital.
ProfitWheel, a SaaS startup, announced on Thursday that it has recently secured a total capital round of $3 million in its seed round led by Net Core cloud.
Tata Digital may offer stock options to woo top startup talent🎁
Tata Digital may offer stock options to all its employees to attract and retain the top talent from the startup community.
The company houses Tata Group's consumer-centric digital businesses and competes with startups. It had first offered management stock options to the founders of BigBasket, in which it picked up a 64% stake in May, based on the startup’s past performance and the future potential of eligible employees.
Tata Digital is also seeking to attract early investors to raise an estimated $5 billion for its TataNeu, its ‘super app’.
Tweet of the day🐥
⏩ Twitter invests in avatar startup Facemoji.
⏩ Alia Bhatt invests in IIT-Kanpur backed startup, check other startups backed by actor.
"In the midst of chaos, there is also opportunity."
- Sun Tzu
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