US hedge fund Coatue Management invested $50 million more in Rebel foods

Rebel foods, the cloud kitchen operator has raised $50 million from existing investors, Coatue Management, in a fresh funding round. In February, Coatue invested for the first time in Rebel foods. The cloud kitchen operated over 2,100 internet restaurants and an estimated 300 cloud kitchens across three countries. Rebel foods also enjoy greater margins than rivals like Zomato, Swiggy or brick-and-mortar restaurants.