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<ul><li><keyword id="6971315" type="General" weightage="100" keywordseo="rebel-foods" source="Orion">Rebel Foods</keyword> has hit $1.4 billion valuation after raising $175 million in a round led by Qatar Investment Authority.</li><li>The company is now setting the table for an initial public offering (IPO) in the next 18-24 months.</li><li>The company currently operates 450 cloud kitchens across 10 countries — Indonesia, United Arab Emirates and United Kingdom.</li></ul>Rebel Foods — which operates multiple cloud kitchen brands such as <keyword id="5008953" type="General" weightage="20" keywordseo="behrouz-biryani" source="Orion">Behrouz Biryani</keyword>, Mandarin Oak <keyword id="11058489" type="General" weightage="20" keywordseo="ovenstory-pizza" source="Orion">Ovenstory Pizza</keyword>, and <keyword id="438195" type="General" weightage="20" keywordseo="faasos" source="Orion">Faasos</keyword> — is the latest startup to be valued over a billion dollars. The company is now setting the table for an initial public offering (IPO) in the next 18-24 months. The company has hit $1.4 billion valuation after raising $175 million in a round led by sovereign wealth fund Qatar Investment Authority. Coatue and Evolvence also participated in Rebel Food’s series F funding round. Rebel Foods was founded by Jaydeep Barman and Kallol Banerjee a decade ago. The company started its journey as Fasoos, which is a chain of quick-service restaurants (QSR) that offered kebab rolls and had enabled online ordering. The company moved to a cloud kitchen model in 2016. A cloud kitchen, also known as ghost kitchens, is a commercial kitchen that only offers food delivery. These kitchens do not have a storefront. Rebel Foods is currently managing around 45 cloud kitchens brands that serve from Chinese to Indian to desserts through delivery platforms like Zomato and Swiggy. They also have their own delivery app. The Mumbai-based startup plans to use this funding to expand its presence worldwide, build better technology and add more brands to its plate. The company currently operates 450 cloud kitchens across 10 countries — Indonesia, United Arab Emirates and United Kingdom. It claims to have an annualised sale of $150 million this year and moving steadily towards profitability. “The food-tech space has evolved towards better personalisation, innovation and complete transparency. We are excited to welcome QIA, which has a track record of being a long-term supportive investor,” Ravi Golani, chief strategy officer of Rebel Foods, said in a statement. Rebel Foods is the first cloud kitchen startup to enter the unicorn club. Even Swiggy and Zomato have announced their plans to make a segway into these domains, but there hasn’t been any development in this regard so far. A cloud kitchen is a cost effective alternative to running an actual restaurant, as it helps the entrepreneur avoid customer facing costs like hiring servers, getting a larger space for dine-in, electricity bills and more. SEE ALSO <a href="https://www.businessinsider.in/stock-market/news/shares-of-titan-surge-10-entering-the-2-trillion-club-as-festivities-pent-up-demand-for-gold-jewellery-watches/articleshow/86832311.cms" data-type="tilCustomLink">Titan enters the ₹2 trillion club as gold jewellery and watches are back in vogue with the return of weddings and unbridled festivities</a> <a href="https://www.businessinsider.in/stock-market/news/shares-of-deepak-nitrite-aarti-industries-clean-science-and-technology-among-specialty-chemical-companies-gain-over-power-shortage-in-china/slidelist/86830789.cms" style="">Deepak Nitrite, Aarti Industries, Clean Science and Technology among specialty chemical companies minting money over heat in China</a> <a href="https://www.businessinsider.in/retail/news/reliance-retail-to-run-7-eleven-convenience-stores-in-india/articleshow/86831029.cms" style="">Reliance Retail to run 7-Eleven convenience stores in India</a>

Rebel Foods — which runs Behrouz Biryani,  Ovenstory Pizza, and Faasos — is now worth over a billion dollars

<ul><li><keyword id="6358977" type="General" weightage="100" keywordseo="swiggy" source="Orion">Swiggy</keyword> on Monday announced its new <keyword id="12584073" type="General" weightage="20" keywordseo="swiggy-one-subscription" source="Orion">Swiggy One subscription</keyword> service.</li><li>The subscription offers unlimited free deliveries and discounts to users.</li><li>The plan is priced at ₹299 for 3 months and ₹899 for 12 months.</li></ul>Food delivery app Swiggy announced on Monday its new subscription plan, dubbed as <keyword id="12582902" type="General" weightage="80" keywordseo="swiggy-one" source="Orion">Swiggy One</keyword>. The service offers more benefits when compared to the company’s existing Swiggy Super subscription service and will offer free unlimited deliveries and discounts across various Swiggy services. Here’s everything you need to know about the Swiggy One subscription service. <cmsannotation type="cmsannotation" annotationid="Swiggy One – eligible cities" comment="subhead" text="Swiggy One – eligible cities">Swiggy One – eligible cities</cmsannotation> Swiggy One is currently available only in four cities – Lucknow, Pune, Trivandrum and Vijayawada. It will be expanded to over 500 cities in the next two weeks. <cmsannotation type="cmsannotation" annotationid="Swiggy One – subscription price" comment="subhead" text="Swiggy One – subscription price">Swiggy One – subscription price</cmsannotation> Swiggy One will be available with an introductory price of ₹299 for 3 months and at ₹899 for 12 months, which translates to ₹75 per month. Currently Swiggy offers two plans – Bite and Binge. While the Bite plan is priced at ₹129 per month, the Binge plan is priced at ₹199 per month. The two plans will be replaced by Swiggy One and all members will be upgraded to the new plan for the remainder of their membership. Apart from this, existing Swiggy Super members will also get a one-month extension on their membership. <cmsannotation type="cmsannotation" annotationid="Swiggy One membership benefit" comment="subhead" text="Swiggy One membership benefit">Swiggy One membership benefit</cmsannotation> The Swiggy One membership offers unlimited free deliveries from all restaurants along with free Instamart grocery deliveries, something that was missing from Swiggy’s Bite and Binge subscription plans. Instamart orders only above ₹99 will be eligible for free delivery. In addition to this, users can also avail an additional discount of up to 30% on food orders. Users will also be able to avail offers and discounts on Swiggy Genie orders, which allows you to send parcels and get other products from local stores. SEE ALSO: <a href="https://www.businessinsider.in/business/startups/news/rebel-foods-which-runs-behrouz-biryani-ovenstory-pizza-and-faasos-is-now-worth-over-a-billion-dollars/articleshow/86839518.cms">Rebel Foods — which runs Behrouz Biryani, Ovenstory Pizza, and Faasos — is now worth over a billion dollars</a> <a href="https://www.businessinsider.in/stock-market/news/paytm-has-lost-8-billion-in-valuation-in-two-days-of-listing/articleshow/87840891.cms">Paytm is inching closer to Macquarie's target of ₹1200</a> <a href="https://www.businessinsider.in/advertising/brands/news/theres-a-new-jingle-in-town-as-swiggy-uses-the-power-of-music-to-connect-with-its-audience-and-establish-itself-as-a-last-minute-genie-coming-to-your-rescue/articleshow/87327251.cms">There’s a new jingle in town as Swiggy uses the power of music to connect with its audience and establish itself as a last-minute Genie coming to your rescue</a>

Swiggy One – membership price, benefits and everything you need to know

<ul><li>Shares of <keyword id="42747" type="General" weightage="20" keywordseo="tata-motors" source="Orion">Tata Motors</keyword> rallied more than 10% on October 7 to hit a three year high of ₹368.25 per share on expectation of a strong business outlook.</li><li>Bullish views by brokerage firms with increase in target price has played out well for the stock in the recent time.</li><li>Growth prospects in the India business, electric vehicle segment and gradual recovery in JLR business has doubled investors' money in Tata Motors’ stock in the last one year.</li></ul>Everyone seems excited about Tata Motors and the stock has rallied 10% yesterday, October 7 and 29% in the last one month. This, despite the fact that its subsidiary, the international luxury brand <keyword id="6354362" type="General" weightage="20" keywordseo="jaguar-land-rover" source="Orion">Jaguar Land Rover</keyword> (JLR) ⁠— which made for 82% of the company’s revenue at the end of June 2021 ⁠— is still struggling with tepid sales and sputtering production due to the chip shortage. <div type="image" title="Tata motors chart" height="900" width="1200" msid="86849786" hostid="261"></div> For the last ten years, the shareholders of Tata Motors were frustrated holding its stock. But the losses of British subsidiary JLR and the Mumbai-based parent’s overwhelming debt over the last few years seem to have turned around in this new decade, despite the pandemic. “It (Tata Motors) is gaining market share in the PV segment whereas the JLR business is likely to show a strong recovery," Santosh Meena, head of research at Swastika Investmart, told Mint. Morgan Stanley even expects Tata Motor’s Indian business to post profits by the end of March 2023, after 8 years of losses and in the following year, the India business may form close to 17% of the group’s earnings. The optimism was not born overnight. Since the end of March 2019, the company has worked hard to increase its share in passenger vehicles from 7% to 10% at the end of June this year, in a market dominated by Maruti, Hyundai and its sister company Kia. <keyword id="7364349" type="General" weightage="20" keywordseo="tata-altroz" source="Orion">Tata Altroz</keyword>, <keyword id="3252269" type="General" weightage="20" keywordseo="tata-tiago" source="Orion">Tata Tiago</keyword> and <keyword id="2055885" type="General" weightage="20" keywordseo="tata-nexon" source="Orion">Tata Nexon</keyword> were some of the successful Tata models that drove this growth. <div type="image" title="Tata motors pie chart" height="900" width="1200" msid="86849862" hostid="261"></div> To brief you about what happened in the last one year, auto maker’s India business’ recovery was severely impacted by COVID. However, now the India CV business is on a strong footing and primed for strong cyclical recovery in both medium and heavy commercial vehicles (42% CAGR estimated over FY21-23) and light commercial vehicles (close to 21% CAGR), says a report by Motilal Oswal. But that’s in the past. The sustenance of this growth in the future will depend on electric vehicles. The good news for Tata’s believers is that EV sales in terms of units sold are up three-fold in the last 12 months. It r<a href="https://auto.hindustantimes.com/auto/news/tata-motors-sees-21-jump-in-sales-nexon-tigor-helps-ev-sales-to-grow-by-250-41633082366148.html">eportedly</a> has a 70% market share among EV makers in India. To put it into figures, Tata Motors sold 1,078 units of electric vehicles in September, up from a mere 308 units in September last year. Overall, it has sold 10,000 EVs in India so far, largely because of the success of the Nexon EV SUV. Currently it offers SUV Nexon and subcompact sedan Tigor in electrified form Jaguar Land Rover sales to improve gradually JLR, on the other hand, is currently hamstrung by the chip shortage, which is expected to last beyond the end of 2021. Hope floats that by the high-margin models, Range Rover and Range Rover Sport, get an upgrade, in 2023, the shortage will be behind and the company will rake in the profits. There are a lot of hopes pinned on the newly launched sports utility vehicle (SUV), Defender. Growth prospects in the India business, electric vehicle segment and gradual recovery in JLR business has doubled investors' money in Tata Motors’ stock in the last one year. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/rebel-foods-which-runs-behrouz-biryani-ovenstory-pizza-and-faasos-is-now-worth-over-a-billion-dollars/articleshow/86839518.cms">Rebel Foods — which runs Behrouz Biryani, Ovenstory Pizza, and Faasos — is now worth over a billion dollars</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/policy/legal/news/cloud-kitchens-are-restaurants-ice-cream-is-not-food-and-other-important-clarifications-that-will-affect-gst-rates/articleshow/86841614.cms">Cloud kitchens are restaurants, ice cream is not food and other important clarifications that will affect GST rates</a>

Here’s why Tata Motors is red hot even when 82% of its business is still in the woods

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Rebel Foods — which runs Behrouz Biryani, Ovenstory Pizza, and Faasos — is now worth over a billion dollars

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Here’s why Tata Motors is red hot even when 82% of its business is still in the woods

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