
Ovenstory Pizza Franchise
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)
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)
- 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
- 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.
- Ask for the one-time franchise fee in writing, and whether any part is refundable.
- 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₹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
Payable when the location and franchise agreements are signed; the amount is not published.
Described as refundable; the amount is not published.
₹1.5 L launch expense, stated to be included in the total investment. Source: https://www.rebelfoods.com/franchise
Total excludes 2 charges whose amount Ovenstory Pizza doesn't disclose.
Ongoing charges
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.
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.
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 claimOvenstory 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 checkWhat 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 moreShow fewer
- 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
Franchisee-Owned, Franchisee-Operated
Contract Duration
9 yearsRenewal 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
| Licence | Issued by | Who 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 authority | You |
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.
Why invest in Ovenstory Pizza?
Ovenstory Pizza by the Numbers
Source marked on each figure350+ in ~70 cities (Inc42 puts all of Rebel at ~350 kitchens)
Outlets, claimed · Oct 2026
Brand claim19 (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 claim3.5 years
Payback, claimed · Oct 2026
Brand claim₹1,995 Cr / ₹282 Cr loss
Franchisor group FY26 revenue / net loss · FY26
Company filingAbout 4.5 from 4,450 ratings
Oven Story app rating (App Store India) · 13 Oct 2026
IndependentCompany Financials
Parent / group levelThese 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
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 timelineShowHide
Ovenstory Pizza Financials Over Time
Figures for the whole group, from filed or reported accounts.
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
2016
Oven Story founded (per Tracxn)
Now part of Rebel Foods.
SourceFeb 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.
SourceOct 2026
Rebel Foods franchise page solicits Oven Story + cloud-kitchen FOFO partners
₹90 L–1 Cr, 9 years.
FranchiseChuno Analysis
Our analysis of verified dataHow 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.
- 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.
- 2Ask for the one-time franchise fee in writing, and whether any part is refundable.
- 3Ask for the royalty and any marketing-fund fee, and how they're calculated (on sales or profit).
- 4Ask whether you get an exclusive territory, and how large it is.
- 5Ask how the franchisor funds training and support while it's loss-making.
- 6Ask the brand to respond to each red flag listed under Reputation & News.
- 7Have a lawyer review the franchise agreement before paying anything.
- 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 whatShowHide
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
Supply Chain Support
Vendor sourcing, inventory & logistics
Technology / POS
Billing, inventory, and management software
Marketing Support
National & local marketing campaigns
Launch Support
Pre-opening setup and grand-opening assistance
Ongoing Field Support
Regular visits and operational coaching
Training Programme
Ongoing Support
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 wentFrequently Asked Questions
What is the total investment for a Ovenstory Pizza franchise?
How long does Ovenstory Pizza say it takes to recover the investment?
What training does Ovenstory Pizza provide?
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