Rebel Foods logo | Credit: company website
Rebel Foods, which owns Faasos, Behrouz Biryani, Oven Story and other cloud kitchens, reported a narrowing of its consolidated loss to Rs 378.21 crore in FY24, according to financial data accessed by business intelligence platform Tofler.
Its operating revenue rose 18.8 per cent to Rs 1,420.24 crore for the financial year ended March 31, 2024.
In FY23, the company’s net loss was Rs 656.55 crore while its revenue was Rs 1,195.22 crore.
Rebel Foods’ other income in FY24 was Rs 65.29 crore, up 2.81 per cent.
Its total revenue was Rs 1,485.53 crore, up 18 per cent in 2023-24.
The company’s total expenses were Rs 1,857.03 crore in FY24, as against Rs 1,827.04 crore for the financial year ended March 31, 2023.
Founded in 2011 by Jaydeep Barman and Kallol Banerjee, Rebel Foods is the world’s largest online restaurant company, with over 450 kitchens in 70 cities.
It owns brands such as Faasos, Behrouz Biryani, Ovenstory Pizza, Mandarin Oak, The Good Bowl, SLAY Coffee, Sweet Truth, Wendy’s and more.
Rebel Foods currently operates more than 45 brands in several countries.
(Only the headline and image of this report may have been reworked by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
First published: August 30, 2024 | 10:50 PM IS
Disclaimer:
The information contained in this post is for general information purposes only. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.
We respect the intellectual property rights of content creators. If you are the owner of any material featured on our website and have concerns about its use, please contact us. We are committed to addressing any copyright issues promptly and will remove any material within 2 days of receiving a request from the rightful owner.