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Faasos

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(Redirected from Faaso's) Indian "food on demand" service
Faasos
Faasos logo
Company typePrivate
IndustryOnline Food Ordering
Founded2011
FounderJaydeep Barman, Kallol Banerjee
HeadquartersMumbai, India
ParentRebel Foods
Websitehttps://www.faasos.com/

Faasos is an Indian "food on demand" service that was incorporated in 2004. It is one of the brands owned by the online restaurant company, Rebel Foods.

History

Faasos was founded by Jaydeep Barman and Kallol Banerjee in 2004 and incorporated as it is today, in 2011. The company operates ghost kitchens in 35 cities in India, investing USD $50 million into its ghost kitchen network. Faasos launched its mobile app in 2014.

Funding

Faasos raised its first round of funding of US$5 million (Rs. 30 crore) from Sequoia capital in November 2011, a second round of funding of US$20 million in February 2015 from Lightbox Ventures and Sequoia Capital, and a third round of funding of US$30 million in December 2015 from Russian Internet-focused Investment firm ru-Net, Sequoia Capital and Lightbox Ventures. Rebel foods, the parent company of Fassos has received a series D $125 million of funding in June 2019.

References

  1. "Sequoia India leads fresh investment in Faasos parent Rebel Foods". VCCircle. March 13, 2019.
  2. "Forbes India Magazine - Faasos: The integrated food company". forbesindia.com. Retrieved 2016-07-02.
  3. "Financial Express".
  4. "Rage against bad food gave rise to Faasos, says co-founder Jaydeep Barman". Firstpost. 2015-11-02. Retrieved 2016-07-02.
  5. "Faasos aims to double food order figure". Business Standard.
  6. Marston, Jennifer (10 April 2020). "Rebel Foods Raises $50M for Its India-based Cloud Kitchen Network". The Spoon. Retrieved 9 July 2020.
  7. "FirstPost".
  8. www.ETRetail.com. "Decoding Faasos' leap from 'Food on Demand' to 'Personal Kitchen App' | ET Retail". ETRetail.com. Retrieved 2016-07-02.
  9. "Economic Times". Archived from the original on June 5, 2012.
  10. "Economic Times". Archived from the original on February 12, 2015.
  11. "Faasos raises Rs 200 crore in fresh funding at a time of gloom for on-demand food startups". Archived from the original on 2015-12-16. Retrieved 2016-07-02.
  12. "Faasos parent Rebel Foods gets $125m from Coatue, others". The Economic Times. August 2, 2019.

External links

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