<p>Rebel Foods, the Pune-based internet food delivery startup earlier known as Faasos, raised Rs 110.66 crore ($16 million) in Series D round funding.</p>.<p>According to a report accessed from business intelligence platform Paper.vc, the round was led by existing investors Sequoia Capital and Lightbox Ventures. </p>.<p>Rebel Foods issued a total of 2,388 compulsory convertible cumulative preference shares with a face value Rs 1,000 each as part of the financing round.</p>.<p>Starbucks Corporation-backed SCI Investment and UAE-based private equity fund Evolvence through its India fund also participated in the round.</p>.<p>While Lightbox Ventures participated through Light Box Ventures II and Lightbox Expansion Funds, Sequoia Capital participated through Sequoia Capital India Trust.</p>.<p>The company, which went for rebranding in 2018, has brands like Faasos Behrouz Biryani, Oven Story, Sweet Truth, Mandarin Oak and a host of other brands in its kitty. It operates across more than 1,500 locations in India.</p>.<p>According to analysts, Faasos raised a total of $103.7 million across eight funding rounds to date. "The company is looking at raising a total of $150 million at a total valuation of $350 to $400 million for India and overseas expansion," said the analyst.</p>
<p>Rebel Foods, the Pune-based internet food delivery startup earlier known as Faasos, raised Rs 110.66 crore ($16 million) in Series D round funding.</p>.<p>According to a report accessed from business intelligence platform Paper.vc, the round was led by existing investors Sequoia Capital and Lightbox Ventures. </p>.<p>Rebel Foods issued a total of 2,388 compulsory convertible cumulative preference shares with a face value Rs 1,000 each as part of the financing round.</p>.<p>Starbucks Corporation-backed SCI Investment and UAE-based private equity fund Evolvence through its India fund also participated in the round.</p>.<p>While Lightbox Ventures participated through Light Box Ventures II and Lightbox Expansion Funds, Sequoia Capital participated through Sequoia Capital India Trust.</p>.<p>The company, which went for rebranding in 2018, has brands like Faasos Behrouz Biryani, Oven Story, Sweet Truth, Mandarin Oak and a host of other brands in its kitty. It operates across more than 1,500 locations in India.</p>.<p>According to analysts, Faasos raised a total of $103.7 million across eight funding rounds to date. "The company is looking at raising a total of $150 million at a total valuation of $350 to $400 million for India and overseas expansion," said the analyst.</p>