Cloud Kitchen startup Rebel Foods lays off 2% of its workforce.
Rebel Foods, a cloud kitchen startup operating under brands such as Oven Story, Behrouz Biryani, Sweet Truth, and Faasos, has laid off around 2% of its employees. The company, which Sequoia backs, said that the layoffs resulted from an annual performance evaluation and realigning the organization to align with the company’s future goals. Rebel Foods is a chain of online restaurants with 4,000 cloud kitchens across 45 brands that operate in India, Indonesia, Singapore, Malaysia, Thailand, Bangladesh, and the UK, among others. The company raised $6.6 million from existing investors in a debt financing round in December 2020 and $31.5 million in three debt rounds in 2022.
The original news is “Cloud Kitchen startup Rebel Foods lays off 2% of its workforce.”