F
FranchiseChuno
Sign InCreate AccountList Your Franchise
Ovenstory Pizza

Ovenstory Pizza Franchise

Food & BeverageEst. 2016Pune (Rebel Foods registered office)

Pizza dine-in + cloud-kitchen FOFO format: ₹90 L–1 Cr, 9-year term, 3.5-year payback claim. Royalty not published; franchisor loss-making.

Ovenstory Pizza franchise at a glance (terms checked Oct 2026)

Taking franchiseesModels: Unit · MasterTerms checked Oct 2026

Investment

₹90 L - ₹1 Cr

incl. fee · Above the category (typical ₹7.5 L–₹31.38 L, median ₹24 L, 18 verified brands)

Ongoing take

Not published

Franchise fee

Not published

Payback

42 months

Brand's own claim · Above the category (typical 12 mo–23 mo, median 16 mo, 10 verified brands)

FranchiseChuno ScoreNot scored yet — 43% of data verified
  • Legal or regulatory action on record — see Reputation & News
  • Disputes with franchisees: None found (records checked Oct 2026)
  • Company standing: Active and up to date with the registrar
  • Territory protection: exclusive

Outlets

350 (brand claim)

What we couldn't verify

  • • Outlet closures
  • • Franchisee satisfaction
  • • Profit or loss
  • • Revenue trend

Ask before you sign

  1. Speak to at least 3 franchisees who have run an outlet for 2+ years and see their actual monthly sales and profit — a franchisor making money doesn't mean its franchisees do.
  2. Ask for the one-time franchise fee in writing, and whether any part is refundable.
  3. Ask for the royalty and any marketing-fund fee, and how they're calculated (on sales or profit).

Franchise terms checked against Rebel Foods' franchise page (Oven Story + cloud kitchens) on 13 Oct 2026. Figures marked * aren't published by the brand — they come from other published sources or our own estimate, and aren't verified.

Investment Breakdown

Per franchisor
Letter-of-intent payment
₹10 L

₹10 L paid to Rebel Foods when the letter of intent is signed. Whether it is refundable is not stated. Source: https://www.rebelfoods.com/franchise

Remaining franchise fee
Amount not disclosed

Payable when the location and franchise agreements are signed; the amount is not published.

Security depositDepositRefundable
Amount not disclosed

Described as refundable; the amount is not published.

Launch expense
₹1.5 L

₹1.5 L launch expense, stated to be included in the total investment. Source: https://www.rebelfoods.com/franchise

Total Investment₹11.5 L

Total excludes 2 charges whose amount Ovenstory Pizza doesn't disclose.

Ongoing charges

Royalty / revenue share · Not published.Amount not disclosed

Model your own numbers in our calculator

Open the ROI calculator

* Breakdown as published by Ovenstory Pizza. Ovenstory Pizza confirms 3 charges without disclosing the amount — get it in writing before you pay.

Ways to Partner with Ovenstory Pizza

2 partner models published by the brand. Figures it doesn't publish are left blank.

Unit franchise

Oven Story dine-in + Rebel cloud kitchen (FOFO)

Investment
₹90 L – ₹1 Cr
Space
1,500 sq ft
Royalty / margin
Not published; 3.5-year payback claimed
Territory
Location exclusivity promised, to be set out in the agreement; radius not published
Who it suits
Restaurant experience helpful, not necessary; franchisee finds the site and executes lease and project work

Dine-in Oven Story store 300–350 sq ft plus cloud kitchen 1,100–1,200 sq ft for Faasos, Behrouz Biryani, The Good Bowl, Lunchbox and The Biryani Life. Preferred sites: high streets and highways.

Master franchise

Region-wise master franchise

Investment
—
Space
—
Royalty / margin
Not published
Territory
Region-wise
Who it suits
Not published

The FAQ says a region-wise master franchise option exists; terms are not published.

What Ovenstory Pizza Says You Can Earn

Brand claim

Ovenstory Pizza's own claim — no evidence given. These are not FranchiseChuno's estimates or a promise of earnings; ask existing franchisees what they actually make.

PaybackMonths until cumulative profit equals what you invested.
42 months

Rebel Foods' claims for the combined format: investment recovered in 3.5 years, doubled in 5 years, tripled in 6 years and five times in 9 years. No sample size, assumptions or sales figures are published.

Reputation & News

3 red flags to check

What the press, courts and real franchisees or customers have said about Ovenstory Pizza — summarised by us, with every source linked.

  • regulatory· FY26

    Franchisor group: FY26 revenue ₹1,995 Cr, net loss ₹282 Cr

    MCA data via Tracxn show Rebel Foods Private Limited active and compliant, with eight registered charges (not the same as debt owed), no pending cases as respondent or petitioner, and a net loss of about ₹282 Cr on revenue of about ₹1,995 Cr in FY26 (EBITDA loss about ₹73 Cr). Group-level, covering all Rebel brands.

    Source: MCA records via Tracxn
  • In the news· 2025-12-30

    Inc42: FY25 loss narrows to ₹336.6 Cr; rival executive says EBITDA breakeven timeline unclear

    Inc42 reported FY25 operating revenue of ₹1,617.4 Cr (up 13.9%) and a net loss of ₹336.6 Cr (down 11.5% from ₹380.3 Cr). Its Dec 2025 review mentioned a possible 2026 listing and a reported $25M Qatar Investment Authority infusion at a $1.4 Bn valuation, and quoted an executive at a rival cloud-kitchen startup saying a clear timeline to EBITDA breakeven is yet to emerge.

    Source: Inc42
  • In the news· 2023-01-17

    Jan 2023: Rebel Foods lets go of about 2% of staff

    Business Today reported that the company laid off close to 2% of its workforce in January 2023. Older than two years; no later layoff report found.

    Source: Business Today
  • Customer view· 2026-04-13★ 4.2/5 · 461 ratings

    Outlet ratings vary: Pimple Saudagar (Pune) 4.2 from 461 on Magicpin

    Single delivery outlet, customer ratings. Other outlets seen in search listings were lower (Gurugram Sector 23: 3.6 from 203; Indore 3.3 from 44, possibly dated) and reviews mention cold or soggy pizzas and delays. Aggregator, unverified.

    Source: Magicpin
Show 2 more
  • In the news· 2025-02-28

    Feb 2025: third dine-in Oven Story store opens in Moradabad

    Verdict Foodservice reports a ~1,600 sq ft store at Pili Kothi after Patna and Anand, noting Rebel's aim to open 200 stores in Tier I and II cities by the end of 2026. The article calls them flagship stores without saying whether they are company-owned or franchised.

    Source: Verdict Foodservice
  • Customer view· 2026-10-13★ 4.5/5 · 4,450 ratings

    Oven Story app: about 4.5 from 4,450 ratings (App Store, India)

    Customer ratings of the ordering app, published by Rebel Foods Private Limited, not franchisee ratings. Measured 13 Oct 2026.

    Source: Apple App Store (India)

Key Terms at Ovenstory Pizza

The clauses that shape day-to-day running and your exit — read these before the fee.

Other terms
Agreement tenure is 9 years.
Territory
'Every Franchise will have location exclusivity', to be detailed in the franchise agreement; the radius isn't published.
Supply & stock
Rebel supplies core ingredients (bases, cheese, fillings, condiments); other items such as fresh vegetables are bought locally to its guidelines. Brand-specific equipment (the impinger oven) must be bought from Rebel's registered vendors; generic equipment can be bought elsewhere.
Payments to the brand
After a letter of intent and a ₹10 L payment, the location agreement and the franchise agreement are signed together; the remaining franchise fee and a refundable security deposit are then payable. The process takes about 10–14 weeks.
Who pays for what
Re-training after the initial 3–5 weeks is at the franchisee's cost.

Legal & Contract Summary

Key contract terms at a glance — read before you sign.

Agreement Type

FOFO

Franchisee-Owned, Franchisee-Operated

Contract Duration

9 years

Renewal Available

—

Territory Exclusivity

—

Non-Compete Clause

—

Exit Clause

—

Who Can Apply for Ovenstory Pizza

Conditions the brand sets for partners, and the licences the business needs.

  • Experience: Restaurant experience helpful but not necessaryPreferred
  • Site: 1,500 sq ft in total (dine-in 300–350 sq ft; cloud kitchen 1,100–1,200 sq ft); high streets, highways, transit areas or mallsRequired
  • Property: Self-owned property ideal but not necessary; franchisee executes the lease and project workPreferred

Licences & registrations

LicenceIssued byWho gets it
FSSAI food business licenceEvery food outlet needs an FSSAI licence or registration; the franchise page doesn't say who applies. Not checked on the FSSAI register.FSSAI / state food safety authorityYou

About the Brand

Brand USP

A delivery-led pizza brand moving into dine-in stores, sold with Rebel's other cloud-kitchen brands as one franchise unit.

Parent CompanyRebel Foods Private Limited
HeadquartersPune (Rebel Foods registered office)
Oven Story Pizza is a pizza brand of Rebel Foods Private Limited, the Pune-registered company behind Faasos, Behrouz Biryani and other delivery-led brands. It sells through the Oven Story app, EatSure and delivery aggregators, and has begun opening dine-in 'flagship' stores, which press reports describe in Patna, Anand (Gujarat) and Moradabad (about 1,600 sq ft). Rebel's franchise page says Oven Story has '350+ outlets' in about 70 cities, but Inc42 (Dec 2025) says Rebel Foods as a whole runs around 350 kitchens, and Rebel counts only 19 offline stores across all its brands (Oven Story, Wendy's and EatSure food courts). Rebel Foods invites franchise partners (FOFO) for a combined format of an Oven Story dine-in store of 300–350 sq ft plus a 1,100–1,200 sq ft cloud kitchen running its other brands, 1,500 sq ft in all. It publishes a total investment of ₹90 L–1 Cr, a 9-year agreement, location exclusivity, 3–5 weeks of training, a ₹10 L payment on signing a letter of intent, and a claimed 3.5-year payback (double the investment in 5 years, triple in 6). Core ingredients come from Rebel; the franchisee finds the site and runs the lease and fit-out. What to watch: the royalty or revenue share, franchise fee and security deposit amounts are not published, and no operating franchised Oven Story store was found in the sources checked; the press calls the three dine-in stores 'flagship' stores without saying whether they are company-owned or franchised. Rebel Foods is loss-making: Tracxn shows FY26 revenue of about ₹1,995 Cr with a net loss of about ₹282 Cr, and Inc42 reported a FY25 loss of ₹336.6 Cr. It raised about US$687M in equity and press reports mention a possible 2026 listing (no filing found). Rebel aimed for 200 Oven Story stores by the end of 2026 (Verdict Foodservice, Feb 2025) against three dine-in stores reported so far. Ask existing franchisees for real store numbers before committing.

Why invest in Ovenstory Pizza?

- Rebel Foods publishes a ₹90 L–1 Cr investment, a 1,500 sq ft format and a 9-year agreement for Oven Story with its cloud kitchens. - Its franchise page promises location exclusivity, 3–5 weeks of training and core-ingredient supply from Rebel. - Rebel's franchise page also mentions a region-wise master franchise option, with terms not published.

Ovenstory Pizza by the Numbers

Source marked on each figure

350+ in ~70 cities (Inc42 puts all of Rebel at ~350 kitchens)

Outlets, claimed · Oct 2026

Brand claim

19 (Oven Story, Wendy's, EatSure food courts)

Offline stores across Rebel brands, claimed · Oct 2026

Brand claim

₹90 L–1 Cr

Investment for franchise format · Oct 2026

Brand claim

3.5 years

Payback, claimed · Oct 2026

Brand claim

₹1,995 Cr / ₹282 Cr loss

Franchisor group FY26 revenue / net loss · FY26

Company filing

About 4.5 from 4,450 ratings

Oven Story app rating (App Store India) · 13 Oct 2026

Independent

Company Financials

Parent / group level

These figures are for Rebel Foods Private Limited as a whole group, not this brand alone — separate from what a single franchise outlet earns.

Revenue (FY26)

₹1994.95 Cr

Net loss (FY26)

₹281.78 Cr

Total funding raised

$686.7M+

Valuation (May 2025 (Tracxn))

$1.62B

Employees (Feb 2026 (Rebel Foods Pvt Ltd, via Tracxn))

6,134

Notable investors

KKRCoatueGoldman SachsQatar Investment AuthorityPeak XVTemasek

Source: MCA filings via Tracxn: Rebel Foods Private Limited, which covers all Rebel brands (Oven Story's own revenue isn't published)

A profitable franchisor doesn't mean profitable franchisees. These are the company's numbers, not an outlet's. A franchisor can grow on fees and supplies while outlets struggle — talk to existing franchisees and see their accounts before you decide.

Company Health Check

What Ovenstory Pizza's franchisor company has filed with the registrar and the courts — the checks a lawyer would run before you sign.

Status with the registrar
Active
Annual filings
Up to date
Last AGM
26 Sep 2025
Pending cases against it
0
Pending cases it filed
0
Paid-up capital
₹62.63 Cr
Brand trademark
Not checked at IP India (captcha-gated)

Group companies

  • Rebel Marketplace India Private LimitedSubsidiary · 100%
  • Rebel Foods Singapore Pte. Ltd.Subsidiary · 100%
  • Bliss Chocolates India Private LimitedSubsidiary · 60.47%
  • Rebel Nurture Private LimitedSubsidiary · 100%
  • Dropkaffe Food And Beverages Private LimitedJoint venture · 99.08%

Source: MCA records via Tracxn (8 active registered charges; auditor not returned) (checked Oct 2026)

Full company recordsFinancials year by year, registered details, leadership and timelineShow

Ovenstory Pizza Financials Over Time

Figures for the whole group, from filed or reported accounts.

FY22
₹907.05 Cr
Loss ₹534.23 Cr
FY23
₹1258.72 Cr▲ 39%
Loss ₹656.55 Cr
FY24
₹1485.53 Cr▲ 18%
Loss ₹380.31 Cr
FY25
₹1657.97 Cr▲ 12%
Loss ₹336.6 Cr
FY26
₹1994.95 Cr▲ 20%
Loss ₹281.78 Cr

Source: MCA filings via Tracxn time series: Rebel Foods Private Limited (all Rebel brands) · MCA filings via Tracxn time series: Rebel Foods Private Limited (all Rebel brands); EBITDA loss ₹171.8 Cr per Inc42 · MCA filings via Tracxn time series: Rebel Foods Private Limited (total income basis, same as FY26; Inc42 reports operating revenue of ₹1,617.4 Cr). EBITDA from Inc42. · MCA filings via Tracxn time series: Rebel Foods Private Limited (all Rebel brands); revenue and net profit re-read 13 Oct 2026, EBITDA from earlier Tracxn read

A profitable franchisor doesn't mean profitable franchisees. These are the company's numbers, not an outlet's. A franchisor can grow on fees and supplies while outlets struggle — talk to existing franchisees and see their accounts before you decide.

Company Profile

The legal entity behind the brand, its leadership, and its official channels.

Registered name
REBEL FOODS PRIVATE LIMITED
Company type
Private Limited Company
CIN
U93000PN2010PTC136943
Incorporated
27 Jul 2010
Headquarters
Pune (Rebel Foods registered office)

Leadership

  • JJaydeep BarmanCo-founder; chairman and group CEO (Inc42, Dec 2025)
  • KKallol BanerjeeCo-founder, Rebel Foods
  • AAnkur SharmaCo-founder and CBO, Rebel Foods
  • AAnkush GroverGlobal CEO, Rebel Foods (Inc42, Dec 2025)
  • RRaghav JoshiCo-founder, Rebel Foods (quoted on Oven Story stores, Feb 2025)

Company details source: MCA records via Tracxn

Ovenstory Pizza Timeline

  1. 2016

    Oven Story founded (per Tracxn)

    Now part of Rebel Foods.

    Source
  2. Feb 2025

    Third Oven Story flagship store opens in Moradabad (after Patna and Anand)

    About 1,600 sq ft, dine-in, takeaway and delivery; Verdict reports Rebel aims to open 200 stores by the end of 2026.

    Source
  3. Oct 2026

    Rebel Foods franchise page solicits Oven Story + cloud-kitchen FOFO partners

    ₹90 L–1 Cr, 9 years.

FranchiseChuno Analysis

Our analysis of verified data

How Ovenstory Pizza looks once the numbers are checked side by side.

  • •Investment above the Food & Beverage medianMidpoint ₹95 L vs a category median of ₹24 L across brands on FranchiseChuno.
  • !The franchisor company is loss-makingIts latest filed accounts show a net loss. Franchisors that lose money can cut support or change terms — ask how franchise operations are funded.
  • ✓Brand operating for 10 yearsFounded in 2016. The brand doesn't state when franchising began.
  • !3 red flags in the news or public discussionSee Reputation & News below, and ask the brand to address each one.

Data completeness

64%

  • ✓ Terms checked against the brand's own page
  • ✓ Published investment (not an estimate)
  • ○ Franchise fee
  • ○ Royalty
  • ○ ROI or payback claim
  • ✓ Agreement term
  • ✓ Training details
  • ○ Outlet cities verified
  • ✓ Company financials
  • ✓ Legal entity
  • ✓ News & public opinion checked

Ask Before You Sign

Questions tailored to what Ovenstory Pizza does and doesn't publish.

  1. 1Speak to at least 3 franchisees who have run an outlet for 2+ years and see their actual monthly sales and profit — a franchisor making money doesn't mean its franchisees do.
  2. 2Ask for the one-time franchise fee in writing, and whether any part is refundable.
  3. 3Ask for the royalty and any marketing-fund fee, and how they're calculated (on sales or profit).
  4. 4Ask whether you get an exclusive territory, and how large it is.
  5. 5Ask how the franchisor funds training and support while it's loss-making.
  6. 6Ask the brand to respond to each red flag listed under Reputation & News.
  7. 7Have a lawyer review the franchise agreement before paying anything.
  8. 8Visit 2–3 existing outlets and speak to their owners without the brand present.
Running the outletSpace, staff, launch steps, training, support and who does whatShow

Operations Required

What you'll need on the ground to run this franchise day-to-day.

Area Required

1,500 sq ft

Staff Needed

—

Setup Time

—

Owner Involvement

—

Best Locations

Not published

Business Type

Not published

Training & Support

What the brand provides to help you launch and run your franchise.

Training Cost

Covered by franchisor

Operations Manual

Step-by-step playbook for running the outlet

Not published

Supply Chain Support

Vendor sourcing, inventory & logistics

Not published

Technology / POS

Billing, inventory, and management software

Not published

Marketing Support

National & local marketing campaigns

Not included

Launch Support

Pre-opening setup and grand-opening assistance

Not published

Ongoing Field Support

Regular visits and operational coaching

Not published

Training Programme

Initial training of 3–5 weeks at the nearest Rebel kitchen; re-training can be arranged at the franchisee's cost. Rebel can introduce hiring agencies for manpower.

Ongoing Support

Store design, layout and location guidelines; the Rebel+ kitchen software; a go-live launch plan with online and offline marketing; core ingredient supply; state and national brand building (Rebel Foods franchise page).

What Ovenstory Pizza franchisees say

We haven't yet heard from enough Ovenstory Pizza franchisees to show anything. We publish totals once 3 or more people who run an outlet have answered and we've called each one to check.

I run a Ovenstory Pizza outlet — share how it went

Frequently Asked Questions

What is the total investment for a Ovenstory Pizza franchise?
Ovenstory Pizza states an investment of ₹90 lakh–₹100 lakh. Rebel Foods' franchise page gives a total investment of ₹90 L–1 Cr for the combined Oven Story dine-in + cloud-kitchen format (1,500 sq ft). The breakdown is not published; it says a ₹1.5 L launch expense is included and a refundable security deposit is payable on top of the fee schedule.
How long does Ovenstory Pizza say it takes to recover the investment?
Ovenstory Pizza states a payback of 42 months — the time for cumulative profit to equal the initial investment, as the brand claims it.
What training does Ovenstory Pizza provide?
Initial training of 3–5 weeks at the nearest Rebel kitchen; re-training can be arranged at the franchisee's cost. Rebel can introduce hiring agencies for manpower.

Similar Food & Beverage Franchises

View All

Interested in

Ovenstory Pizza