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Go-Ventures adds $5 million to Rebel Food

In March, the company raised around Rs 110 crore as part of its Series-D1 round from existing investors Sequoia Capital India, Lightbox Ventures and Evolvence India.

ET Bureau|
Updated: Jul 09, 2019, 08.47 AM IST
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ET reported earlier that the new round (Series-D) is expected to value the company at around $400 million.
By Bhavya Dilipkumar

Mumbai: Go-Ventures, the investment arm of Indonesian ride-hailing firm Go-Jek, has invested $5 million (Rs 34 crore) in Rebel Food’s ongoing Series-D round, regulatory filings show.

The Ministry of Corporate Affairs filing sourced through company research platform Tofler said the company has raised 667 Series-D2 Compulsorily Convertible Cumulative Preference Shares (CCCPS) of face value Rs 1,000 with a premium of Rs 4,51,287.21 per share, and 100 equity shares of face value ₹10 with a premium of ₹4,52,277.21 apiece from GV Bites. The amount adds up to Rs 34,69,04,293.

In March, the company raised around ₹110 crore as part of its Series-D1 round from existing investors Sequoia Capital India, Lightbox Ventures and Evolvence India. ET reported earlier that the new round (Series-D) is expected to value the company at around $400 million. Go-Jek and Rebel Foods did not respond to emails.
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