Rebel Foods IPO: This online restaurant company that runs Behrouz Biryani, Mandarin Oak, Ovenstory Pizza, Faasos plans public listing in 18-24 months

Rebel Foods IPO: This online restaurant company that runs Behrouz Biryani, Mandarin Oak, Ovenstory Pizza, Faasos plans public listing in 18-24 months

Rebel Foods, which runs a system of cloud kitchen brands such as for instance Behrouz Biryani, Mandarin Oak, Ovenstory Pizza, and Faasos, is preparing a listing that is public the united states in 18-24 months.

Rebel Foods intends to expand its presence that is geographical beyond, UK, UAE, and Indonesia to areas such as for example Saudi Arabia, Qatar, and Bahrain.

Rebel Foods, which runs a system of cloud kitchen area brands such as for instance Behrouz Biryani, Mandarin Oak Ovenstory Pizza, and Faasos, is planning for a listing that is public the united states in 18-24 months, even while it plans to expand into more recent markets in Asia & the center East, its co-founder and CEO Jaydeep Barman told Moneycontrol.

Rebel Foods: From QSR to Cloud kitchen area

Established by Jaydeep Barman and Kallol Banerjee, Rebel meals started off as Faasos, a string of quick-service restaurants (QSR) that offered kebab rolls, with an ordering option that is online. High rentals coupled using the understanding that a lot of their purchases had been from the on the web channel forced a rethink regarding the business design. They shuttered outlets and pivoted up to a cloud-kitchen only business in 2016, delivering a selection of cuisines from kitchen areas running in areas which had reduced rents.

It is currently one of several biggest restaurant that is internet with over a dozen brands that serve biryani to Chinese to pizza to wraps to sweets, through meals distribution platforms such as for instance Zomato and Swiggy, aside from its very own apps. It matters Sequoia Capital Asia, Lightbox ventures, Coatue, Goldman Sachs, Gojek, and Uber founder Travis Kalanick as investors and ended up being respected at over $800 million in its round that is last of in 2020.

Rebel Foods: Asia’s next unicorn? Continue reading “Rebel Foods IPO: This online restaurant company that runs Behrouz Biryani, Mandarin Oak, Ovenstory Pizza, Faasos plans public listing in 18-24 months”

We just need to fill in 425 Brackets Each to Profit Buffet’s Billion. The Science of Basketball

We just need to fill in 425 Brackets Each to Profit Buffet’s Billion. The Science of Basketball

Warren Buffett’s Bracket Challenge* has placed a lot more of a spotlight than typical on March Madness, the NCAA basketball that is annual competition.

The Science of Basketball

Subscribe to Scientific American’s newsletters that are free.

Will your bracket be considered a slam dunk? Image: Acid Pix, via flickr.

Warren Buffett’s Bracket Challenge* has placed a lot more of a limelight than typical on March Madness, the NCAA basketball that is annual competition. Buffett has provided a billion bucks to anybody who properly predicts the end result of all of the 63 games when you look at the competition. You will find 2 feasible results of each and every game and for that reason 2 63 — 9,223,372,036,854,775,808, or about 9 quintillion—different brackets we could produce, offering us a 1 in 9 quintillion possibility of winning. Not too hot.

But that estimate assumes that each and every bracket is similarly prone to win, that will be plainly false. Even though you understand next to nothing about basketball, you aren’t likely to choose a bracket with the 16 seeds when you look at the Final Four. Jeff Bergen, a mathematics professor at DePaul University, estimates there is a 1 in 128 billion possibility that in the event that you have good quantity of baseball knowledge, you are going to choose a proper bracket. Nevertheless perhaps not great, but a great deal more positive than 1 in 9 quintillion. Bergen explained their thinking in a video clip he placed on YouTube month that is last.

Bergen’s estimates are ballpark numbers, according to rough historic averages of exactly how times that are many seed has won. Their figure of just one in 128 billion does not mean that there surely is a particular collection of 128 billion brackets that absolutely provides the winning bracket, but we’re able to make use of their quotes to determine which 128 billion brackets are likely to win. Continue reading “We just need to fill in 425 Brackets Each to Profit Buffet’s Billion. The Science of Basketball”