Rebel Foods -- which owns Faasos, Behrouz Biryani, Oven Story and other cloud kitchens -- has reported a narrowing of its consolidated loss to Rs 378.21 crore in FY24, according to financial data accessed by the business intelligence platform Tofler. Its revenue from operations rose 18.8 per cent to Rs 1,420.24 crore for the financial year ended March 31, 2024. In FY23, the company's net loss was Rs 656.55 crore, while its revenue stood at Rs 1,195.22 crore. Rebel Foods's other income in FY 24 was Rs 65.29 crore, up 2.81 per cent. Its total income was Rs 1,485.53 crore, up 18 per cent in 2023-24. The company's total expenses were Rs 1,857.03 crore in FY24 against Rs 1,827.04 crore for the financial year ended March 31, 2023. Founded in 2011 by Jaydeep Barman and Kallol Banerjee, Rebel Foods is the world's largest internet restaurant company, having over 450 kitchens across 70 cities. It owns brands such as Faasos, Behrouz Biryani, Ovenstory Pizza, Mandarin Oak, The Good Bowl, SL
Delhi Police on Friday said it has made its first arrest in connection with the recent murder of a man at a food outlet in west Delhi's Rajouri Garden. The arrested accused is the one who allegedly brought the two shooters in his vehicle at the spot to commit the murder, a senior police officer said. The accused is being further interrogated, he added. Aman Joon (26), hailing from Haryana was shot dead by two gangsters while he was sitting with a woman inside a Burger King outlet in Rajouri Garden's J Block on June 18, according to police. The victim had suffered 38 gunshot wounds, the police had said. Joon's killing was an outcome of a gang war between jailed gangsters Neeraj Bawana and Ashok Pradhan, they had said. The officer said that three other suspects, the woman who accompanied Joon and the two shooters, are still at large.
On June 7, 2019, World Food Safety Day was first observed. The day aims to highlight the importance of food safety and to promote actions that assists prevention and management of food borne risks
In talks with potential investors, including PE firms; valuation of company not disclosed
Zomato's share loss could be attributable to decisions like the temporary suspension of its loyalty membership programme and the shutdown of operations in 225 cities
Impresario Entertainment & Hospitality, which operates food chains like SOCIAL and Smoke House Deli, has seen a 20-30 per cent spike in order volumes during the ongoing event
Vikas Nahar's enterprise does Rs 40 cr a month on average, selling exotic and local nuts processed at 16,000 sq ft of processing space that he now plans to scale up by another 100,000 sq ft
No such charge on takeaway orders: Court
Book review of Hooked: Food, Free Will, and How the Food Giants Exploit Our Addictions
Cloud kitchens are essentially low-cost models where kitchens in places with cheap real estate are rented out, and from which deliveries are fulfilled mostly through an aggregator.
The Bengaluru-based brand came into existence earlier this year with the intention of bringing global food brands to India
The greatest triumph of this social format is that it enables you to reach beyond your familiar circles