Rebel Foods garners $12.5 Mn debt funding from Innoven, Trifecta
Tue, Nov 1, 2022 6:15 PM

Rebel Foods garners $12.5 Mn debt funding from Innoven, Trifecta

A Flip by Gaurav
Get it on Google Play
Rebel Foods, a foodtech unicorn, has raised $12.5 Mn in debt financing from InnoVen Capital and Trifecta Capital. Innoven and Trifecta received 10K Series E NCD from the unicorn for the equivalent of ₹1 lakh each. Each of the two investors contributed ₹50 Cr to the startup's cloud kitchen. Rebel Foods has set aside $150 million for brand investments and acquisitions in India and other countries.

More great flips

Smriti Irani 's total mutual fund investment at  ₹88 lakh!

Smriti Irani 's total mutual fund investment at ₹88 lakh!

BJP leader and current Union Minister for Women and Child Development Smriti Irani has declared in her affidavit before the Election Commission of India (ECI) that her total investments in mutual funds (MF) stood at ₹88.13 lakh. Irani filed her nomination papers from the Amethi Lok Sabha Seat for the 2024 Lok Sabha elections on May 3.

Open Flip
Gold slips as US dollar strengthens, investors await Fed officials comment

Gold slips as US dollar strengthens, investors await Fed officials comment

Gold prices declined on Tuesday as the U.S. dollar strengthened, with investors anticipating additional remarks from Federal Reserve officials to gain insight into the potential timing of interest rate adjustments. Spot gold decreased by 0.5% to $2,312.29 per ounce by 1218 GMT, while U.S. gold futures also fell by 0.5% to $2,320.60 per ounce. The dollar index rose by 0.2% against its counterpart.

Open Flip
Pidilite Industries declares dividend of ₹16 per share, misses Q4 profit

Pidilite Industries declares dividend of ₹16 per share, misses Q4 profit

Adhesive and construction chemicals manufacturer Pidilite Industries Ltd on Tuesday (May 7) reported a 6.4% year-on-year (YoY) increase in net profit at ₹304.3 crore for the fourth quarter that ended March 31, 2024. In the corresponding quarter, Pidilite Industries posted a net profit of ₹285.9 crore, the company said in a regulatory filing. CNBC-TV18 poll had predicted a profit of ₹415 crore.

Open Flip

Join our Smart Investment Community

More than 1 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon