Cloud kitchen startup Rebel Foods is reportedly in talks to raise $120 million in a fresh round led by Singapore’s Temasek while Eruditus, an Indian edtech startup, is in the advanced stages of talks to secure about $150 million. Separately, HouseEazy said it has raised $7 million in Series-A funding in a mix of equity and debt led by Chiratae Ventures.
Rebel Foods in talks to raise $120m
Rebel Foods, the cloud kitchen startup that runs brands such as Faasos, Oven Story, Behrouz Biryani and others, is in talks to raise $120 million (around Rs 1,000 crore) in a fresh round led by Singapore’s Temasek, Moneycontrol reported.
Rebel Foods is raising money at a blended valuation of around $1 billion. About half of the $120 million will be primary capital and the remaining will be in secondaries, the report said.
Investors such as Coatue and Lightbox are selling shares in Rebel Foods at a valuation of around $700-800 million and the company is commanding a valuation of around $1.3 billion while raising primary capital which translates to a blended valuation of $1 billion.
Eruditus in talks to raise $150m
Eruditus, an Indian edtech startup, is in the advanced stages of talks to secure about $150 million in new funding, TechCrunch reported.
TPG, a major private equity player, is in talks to lead the investment. The new investment will value Eruditus at up to $2.3 billion, the report said.
Eruditus counts Chan Zuckerberg Initiative, Prosus Ventures, Accel, SoftBank, Canada Pension Plan Investment Board, and Peak XV among its backers.
HouseEazy raises $7m from Chiratae Ventures
HouseEazy, a full stack marketplace for resale homes, on Monday, said it has raised $7 million in Series-A funding in a mix of equity and debt led by Chiratae Ventures
The round also saw participation from Alteria Capital and existing investor Antler.
The company had previously raised the seed financing round 7 months back in December 2023.