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India's Rebel Foods hits valuation of $1.4bn after fundraising

Cloud kitchen startup becomes 31st unicorn in India this year

Indian cloud kitchen startup Rebel Foods manages more than 45 brands and runs 450 kitchens globally across 10 countries and regions. (Screen capture from Rebel Foods' Facebook page)

NEW DELHI -- Cloud kitchen startup Rebel Foods entered the unicorn club after raising $175 million in its Series F funding round led by sovereign wealth fund Qatar Investment Authority (QIA), with a valuation of $1.4 billion.

The financing also saw participation from existing investors Coatue and Evolvence, the Mumbai-based company said in a statement on Thursday.

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