Saturday, June 03, 2023
Outlook India
Outlook Business


Walko Food Co, which owns the NIC ice cream brand, raised $4.8 million in funding from JM Financials in 2021.

The multi-brand restaurant chain's standalone net profit in the first half of (April-September) FY'23 stood at Rs 27.67 crore from a turnover of Rs 195 crore, recovering from Covid pandemic headwinds

Previously in 2020, Rebel Foods acquired the rights to run cloud kitchens for Wendy’s in India

The company has entered into a strategic collaboration with a D2C (direct-to-consumer) company to tap the export market, where Indian snacks and samosas are sought after

This strategic move aims to leverage the customer base of both brands and create economies of scale in delivering a unique and high-quality consumer experience

Rebel Foods is a food tech company that owns brands like Faasos and Behrouz Biryani

It will deploy the fresh capital towards the opening of new stores and expanding its footprint pan India and globally, while also foraying into alternate channels

The Bangalore-based burger chain intends to increase its footprint in tier 2, 3 and 4 cities by scaling its franchise network