Funding round
Rebel Foods Series D
Rebel Foods, which works in food platform development in Pune, raised $125M in a Series D round announced on 23 Sep 2019, led by Sequoia Capital and Sequoia Capital India, at a $525M post-money valuation. 11 firms took part. It is Rebel Foods' first venture round on record.
$125M
Amount raised
$525M
Post-money valuation
$400M pre-money
11
Investors
2 leads
24%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Rebel Foods at $525M after the new money. The $125M bought investors about 24% of the company. It is Rebel Foods' first venture round on record, 8 years after it was founded in 2011. It is 33% of the $375M Rebel Foods has raised in the venture rounds on record. Rebel Foods raised again 7 months later: a Series E round of $50M in Apr 2020. Its next priced round, a Series F in Oct 2021, valued it at $1.40B.
Rebel Foods' funding rounds
Rebel Foods has 4 venture rounds on record and 5 other deals. This one is highlighted.
- Series D this round 23 Sep 2019, led by Sequoia Capital and Sequoia Capital India $125M$525M post-money
- Debt not a venture round 5 Feb 2020 $4.9M
- Series E 10 Apr 2020 $50M
- Series F 7 Oct 2021, led by Qatar Investment Authority $175M$1.40B post-money
- Debt not a venture round 30 Dec 2022, led by InnoVen Capital and Trifecta Capital $6.6M
- Debt not a venture round 25 Apr 2023 $9.2M
- Debt not a venture round 30 May 2024 $13M
- Series G 22 Apr 2025 $25M$1.61B post-money
- Debt not a venture round 17 Sep 2025 $17M
Investors
Who put money in
Sequoia Capital and Sequoia Capital India led the round with 9 other firms.
Lead investors
- Sequoia Capital backs 589 venture-backed companies new investor
- Sequoia Capital India new investor
Also in the round
- Coatue backs 229 venture-backed companies new investor
- Goldman Sachs backs 218 venture-backed companies new investor
- backs 7 venture-backed companies new investor
- KKR backs 104 venture-backed companies new investor
- Tiger Global backs 391 venture-backed companies new investor
- Gojek new investor
- backs 14 venture-backed companies new investor
- Go-Jek new investor
- go-ventures new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, sales and marketing and scaling operations.
- Geographic expansion
- Sales and marketing
- Scaling operations
Comparable rounds
How it compares
111 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $50M, and this round was 2.5 times the median. The closest in time, other companies' Series D rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Automattic Tech Companies | 19 Sep 2019 | $300M | $3.00B | Salesforce Ventures |
| Clio Tech Companies | 4 Sep 2019 | $250M | not disclosed | Technology Crossover Ventures and JMI Equity |
| Tech Companies | 3 Sep 2019 | $51M | not disclosed | Weatherford Capital and 8VC |
| Tech Companies | 8 Sep 2019 | $36M | not disclosed | Valor |
| Tech Companies | 24 Sep 2019 | $19M | not disclosed | not named |
| RigUp Tech Companies | 10 Oct 2019 | $300M | $1.90B | Andreessen Horowitz |
| ShareChat Tech Companies | 15 Aug 2019 | $100M | $650M | |
| Tech Companies | 20 Aug 2019 | $73M | not disclosed | Goldman Sachs and Ping An Global Voyager Fund |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Rebel Foods raise in its Series D round?
Rebel Foods raised $125M in its Series D round, announced in Sep 2019.
Who led Rebel Foods' Series D round?
Sequoia Capital and Sequoia Capital India led it, with Coatue, Goldman Sachs, Evolvence India, KKR and Tiger Global and 4 more.
What was Rebel Foods' valuation at the Series D round?
$525M post-money ($400M pre-money).
How does it compare with other Series D rounds in Tech Companies?
111 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $50M, and this round was 2.5 times the median.
Did Rebel Foods raise again after this round?
Yes: a Series E round in Apr 2020 of $50M.