Faasos

2021-06-01T11:42:33Z

2409:4042:E9A:9DE4:C92:43A0:3A54:B77E:

{{Short description|Food on demand company in Indian}}
{{Infobox company
| name = Faasos
| logo = Faasos logo.png
| logo_alt = Faasos logo
| type = Private
| founded = 2011
| founder = Jaydeep Burman, Kallol Banerjee
| hq_location_city = Mumbai
| hq_location_country = India
| key_people =
| parent = [[Rebel Foods]]
| homepage = https://www.faasos.com/
| industry = Online Food Ordering
}}
'''Faasos''' is an [[India]]n "food on demand" service that was incorporated in 2004. It is one of the brands owned by the online restaurant company, Rebel Foods.<ref>{{Cite web|url=https://www.vccircle.com/sequoia-india-leads-fresh-investment-in-faasos-parent-rebel-foods|title=Sequoia India leads fresh investment in Faasos parent Rebel Foods|date=March 13, 2019|website=VCCircle}}</ref><ref>{{Cite web|url=http://forbesindia.com/article/work-in-progress/faasos-the-integrated-food-company/41647/1|title=Forbes India Magazine - Faasos: The integrated food company|website=forbesindia.com|access-date=2016-07-02}}</ref><ref>{{Cite web|url = http://www.financialexpress.com/article/fhw/market-fhw/faasos-to-expand-to-20-25-cities-by-2016-2/121304/|title = Financial Express}}</ref>

==History==
Faasos was founded by Jaydeep Barman and Kallol Banerjee in 2004 and incorporated as it is today, in 2011.<ref>{{Cite web|url=http://www.firstpost.com/business/rage-against-bad-food-led-to-faasos-says-co-founder-jaydeep-barman-2488850.html|title=Rage against bad food gave rise to Faasos, says co-founder Jaydeep Barman - Firstpost|date=2015-11-02|language=en-US|access-date=2016-07-02}}</ref> The company operates [[ghost kitchen]]s in 35 cities in India.<ref>{{Cite news|url = http://www.business-standard.com/article/companies/faasos-aims-to-double-food-order-figure-115071500997_1.html|title = Faasos aims to double food order figure |publisher = Business Standard}}</ref> investing [[USD]] $50 million into its ghost kitchen network.<ref>{{cite web|url=https://thespoon.tech/rebel-foods-raises-50m-for-its-india-based-cloud-kitchen-network/|title=Rebel Foods Raises $50M for Its India-based Cloud Kitchen Network|last=Marston|first=Jennifer|publisher=The Spoon|date=10 April 2020|access-date=9 July 2020}}</ref> Faasos launched its mobile app in 2014.<ref>{{Cite news|url = https://www.firstpost.com/business/rage-against-bad-food-led-to-faasos-says-co-founder-jaydeep-barman-2488850.html|title = FirstPost}}</ref><ref>{{Cite web|url=http://retail.economictimes.indiatimes.com/news/food-entertainment/food-services/decoding-faasos-leap-from-food-on-demand-to-personal-kitchen-app/49147010|title=Decoding Faasos’ leap from ‘Food on Demand’ to ‘Personal Kitchen App’ {{!}} ET Retail|last=www.ETRetail.com|website=ETRetail.com|access-date=2016-07-02}}</ref>

==Funding==

Faasos raised its first round of funding of US$5 million (Rs. 30 crore) from Sequoia capital in November 2011,<ref>{{Cite news|url = http://articles.economictimes.indiatimes.com/2011-10-12/news/30270949_1_gv-ravishankar-sequoia-capital-india-paneer|title = Economic Times}}</ref> a second round of funding of US$20 million in February 2015 from Lightbox Ventures and Sequoia Capital,<ref>{{Cite news|url = http://articles.economictimes.indiatimes.com/2015-02-09/news/58967930_1_mobile-app-data-analytics-indian-food|title = Economic Times}}</ref> 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.<ref>{{Cite web|url=https://web.archive.org/web/20151216211252/http://articles.economictimes.indiatimes.com/2015-12-07/news/68835701_1_faasos-food-services-lightbox-ventures-jaydeep-barman|title=Faasos raises Rs 200 crore in fresh funding at a time of gloom for on-demand food startups|access-date=2016-07-02}}</ref> Rebel foods, the parent company of Fassos has received a series D $125 million of funding in June 2019.<ref>{{Cite web|url=https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/faasos-parent-rebel-foods-gets-125m-from-coatue-others/articleshow/70491466.cms?from=mdr|title=Faasos parent Rebel Foods gets $125m from Coatue, others|date=August 2, 2019|via=The Economic Times}}</ref>

==References==
{{Reflist}}

==External links==
*{{official website|https://www.faasos.com/}}
*[https://www.facebook.com/faasos Facebook]

[[Category:Indian companies established in 2011]]
[[Category:Food and drink companies of India]]

IndianPedia - User contributions [en]

Faasos