Cloud kitchen operator Rebel Foods, which owns brands such as Faasos and Behrouz Biryani, has held discussions to sell its stake in premium chocolate and dessert maker Smoor, The Economic Times reported on Monday. Separately, Khetika, a healthy food brand, has raised $18 million (Rs 153 crore) in a new funding round led by the Narotam Sekhsaria Family Office and Anicut Capital.
Rebel Foods explores stake sale in chocolate brand Smoor
Cloud kitchen operator Rebel Foods, which owns brands such as Faasos and Behrouz Biryani, has held discussions to sell its stake in premium chocolate and dessert maker Smoor, The Economic Times reported on Monday.
In a related move aimed at restructuring operations, Rebel Foods has closed its offices in Gurugram and Bengaluru.
Rebel Foods, which owns around 57% of Smoor, has been looking for a buyer, but those talks have yet to fructify, the report said, citing a person.
The report added that Smoor’s business has lagged expectations, particularly in key markets like Mumbai. With Rebel Foods preparing for a potential public listing, there is growing pressure to offload underperforming brands.
Khetika snags $18m
Khetika, a healthy food brand, has raised $18 million (Rs 153 crore) in a new funding round led by the Narotam Sekhsaria Family Office and Anicut Capital.
Existing investors such as Incofin India Progress Fund, Rajasthan Gum and Shree Ram India Gums also participated in the round.
Founded in 2017, Khetika offers food items such as idli-dosa batters, chutneys, as well as spices. The firm plans to use the funds to support brand expansion and enter international markets.
