Uber Technologies Inc. co-founder Travis Kalanick has reportedly invested in Rebel Foods Pvt, India’s leading shared-kitchen company.
According to the reports, City Storage Systems, a real estate firm earlier bought a small stake in Rebel Foods Pvt as part of a previously declared $125 million round of funding.
This is Kalanick’s first major investment in India since he was exiled following a series of scandals in 2017. Kalanick has established an investment fund and listed a strategy to create a kitchen rental service named “Cloud Kitchens”.
Founded by McKinsey & Co. alumnus Jaydeep Barman and headquartered at Mumbai, Rebel Foods has future plans to expand its business into Southeast Asia and the Middle East. The company provides a wide menu through “virtual restaurants” available only online.
Moreover, it operates over 250 cloud kitchens in 22 Indian cities, and has plans to expand to 400 cities by March 2020 year end.