Cloud kitchen operator Rebel Foods narrows losses by 40% in FY24 as topline grows

Rebel Foods, which has raised multiple rounds of debt financing, earns money through the sale of food via its owned stores and kitchens.

Rebel Foods, a cloud kitchen giant, reported a 40% reduction in losses in FY24 while achieving significant revenue growth. Due to its quick-service restaurant (QSR) and cloud kitchen models, the company’s revenue increased. Rebel Foods attributes its improved financial performance to better operational efficiency and expanded offerings, even as it navigates the challenges in the food delivery and cloud kitchen industries.

For more details, you can view the full article here.