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Indonesian plant-based meat startup Green Rebel raises $12.5m

Indonesia’s first plant-based meat company, Green Rebel Foods, has raised US$12.5 million in its latest funding round, valuing the company at nearly US$18 million as of early 2026.

Founded in October 2020 and headquartered in Indonesia, Green Rebel focuses on Asian-flavored plant-based meats.

The company’s funding history shows a total of around US$15 million raised since its seed round in late 2020.

Its current investors include Unovis NCAP Fund II, Teja Ventures, and Agfunder Alternative Protein Fund I, among others.

The company has not disclosed revenue figures for 2024.

The company aims to develop plant-based alternatives tailored to Asian tastes and is part of the growing FoodTech sector in Southeast Asia.

🔗 Source: Alternatives.pe

🧠 Food for thought

Implications, context, and why it matters.

Green Rebel builds around Indonesian dishes and local sales channels

  • Green Rebel leans into Asian tastes, with plant-based takes on Indonesian staples like beefless rendang and satay 1.
  • Its sales plan relies on tie-ups with large food-service brands. Mordor Intelligence lists Starbucks, ABUBA Steak, and Pepper Lunch as partners 2.
  • Mordor Intelligence says “lactose intolerance affects 90% of Indonesians.” None of the other provided sources back that number, so it should stay framed as Mordor Intelligence’s estimate 2.
  • Mordor Intelligence also argues that endorsements from local Islamic scholars treat plant-based foods as inherently halal. The other provided sources do not support this claim, so it should remain attributed to that report 2.

Funding arrives as the market grows and supply-chain risk remains

  • The investment lands during a wider move in Indonesia and Southeast Asia toward culturally familiar plant-based foods. Examples include jackfruit-based pork alternatives in Singapore and Indonesia’s established soy foods like tempeh 1.
  • Mordor Intelligence describes a crowded field with many competitors, including multinationals like Nestlé and Danone, plus local players such as Green Rebel Foods 2.
  • Mordor Intelligence also flags heavy reliance on imported soybeans, put at over 80% of domestic consumption, which can leave the sector exposed to price swings and supply shocks 2.

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