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