CCI Approves KKR’s Proposal To Acquire Stake In Rebel Foods

The Competition Commission of India (CCI) has approved the acquisition of a stake in Rebel Foods by KKR. The deal will see KKR, a global investment firm, acquire a significant portion of Rebel Foods, a leading cloud kitchen company. This acquisition aligns with KKR’s strategy of investing in the growing foodtech sector, which has seen substantial growth in recent years. Rebel Foods, known for its brands such as Faasos, Behrouz Biryani, and Oven Story, is expanding rapidly in India and internationally. The CCI’s approval is a significant step for the deal, which is expected to fuel Rebel Foods’ growth and provide KKR with exposure to India’s burgeoning food delivery and cloud kitchen industry.