Rebel Foods Grants Co-founders ESOPs Worth Around Rs 170 Crore
Rebel Foods has approved a fresh employee stock option grant worth around Rs 170 crore for its five co-founders. The board approved 25.36 lakh ESOPs at an exercise price of Rs 670 per option.
The cloud kitchen operator runs brands including Faasos, Behrouz Biryani, Oven Story Pizza, Sweet Truth and The Good Bowl. Co-founder and CEO Ankush Grover received the largest allocation, with 17.09 lakh ESOPs valued at Rs 114.51 crore.
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Grover replaced Jayadeep Barman in July 2025 and has since been tasked with steering Rebel Foods toward profitability and getting the company ready for a potential public listing. A significant portion of his ESOPs appears to be linked to milestones.
The grant comes as Rebel Foods grows revenue while narrowing losses. Its operating revenue increased 20% to Rs 1,951.6 crore in FY26, while losses decreased 16.3% to Rs 281.8 crore. The company has raised nearly $803 million in funding to date, with Peak XV Partners, Coatue, Qatar Investment Authority and Lightbox among its prominent investors.
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