Faasos

Faasos
Company type
Private
IndustryOnline Food Ordering
Founded2011
FounderJaydeep Barman, Kallol Banerjee
Headquarters
Mumbai
,
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.[1][2][3]

History

Faasos was founded by Jaydeep Barman and Kallol Banerjee in 2004 and incorporated as it is today, in 2011.[4] The company operates ghost kitchens in 35 cities in India,[5] investing USD $50 million into its ghost kitchen network.[6] Faasos launched its mobile app in 2014.[7][8]

Funding

Faasos raised its first round of funding of US$5 million (Rs. 30 crore) from Sequoia capital in November 2011,[9] a second round of funding of US$20 million in February 2015 from Lightbox Ventures and Sequoia Capital,[10] 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.[11] Rebel foods, the parent company of Fassos has received a series D $125 million of funding in June 2019.[12]

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.

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