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Rebel Foods valuation jumps to USD 700 Mn in fresh funding

Apr 9, 2020 by The Passage Team
Rebel Foods valuation jumps to USD 700 Mn in fresh funding

The company has scooped up $50 million from Coatue PE Asia in series E round. According to regulatory filings, Rebel Foods, which runs food brands such as Faasos among others, has allotted 5,627 Series E1 CCPS shares to Coatue PE Asia at a price band of Rs 6.39-6.74 lakhs per share to raise the aforementioned amount.

The price per share has inflated by nearly 39% as compared to the Series D round in September. At that time, Coatue PE Asia had invested $125 million in the third tranche of its Series D round. Post investment, the PE firm will control close to 22% stake in Rebel Foods.

Source: Entrackr

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