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The Competition Commission of India (CCI) on Monday approved global investment firm KKR's proposal to acquire a stake in home-grown food-tech company Rebel Foods.
US-based KKR (Kohlberg Kravis Roberts & Co), through its affiliate -- Royce Asia Holdings II Pte, is acquiring a stake in Rebel Foods, which owns Faasos, Behrouz Biryani, Oven Story and other cloud kitchens.
"By way of the proposed transaction, Royce proposes to acquire certain equity shares and compulsorily convertible preference shares of Rebel Foods (on a fully diluted basis) by way of a secondary purchase," CCI said.
Founded in 2011 by Jaydeep Barman and Kallol
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