What is Faasos?
Founded in 2010 and headquartered in Pune, India, Faasos operates a comprehensive food service model encompassing both restaurants and cloud kitchens. The company has strategically built a portfolio of popular brands, including Behrouz Biriyani, Ovenstory, and Kettle & Eggs, and boasts operations across over 75 cloud kitchen outlets nationwide. In addition to its digital presence, Faasos maintains a physical footprint with offline stores in Bengaluru, and its services are accessible via dedicated Android and iOS mobile applications, catering to a wide consumer base across India.
How much funding has Faasos raised?
Faasos has raised a total of $34.4M across 3 funding rounds:
Series A
$8M
Series B
$20M
Series C
$6.4M
Series A (2011): $8M with participation from Steamboat Ventures
Series B (2015): $20M led by LightBox Ventures and Steamboat Ventures
Series C (2017): $6.4M supported by RTP Global, RB Investments, Sequoia Capital India, and Lightbox Ventures
Key Investors in Faasos
Steamboat Ventures
Steamboat Ventures is an early to growth stage investor focused on technology, media, and consumer sectors, dedicated to helping young companies achieve market leadership.
RTP Global
RTP Global is a venture capital firm specializing in early-stage technology investments, supporting young companies globally with strategic know-how and a broad network.
RB Investments
RB Investments is a Singapore-based venture capital firm that invests in visionary ideas, providing strategic growth assistance and empowering entrepreneurs to build lasting businesses.
What's next for Faasos?
The substantial enterprise-level funding and recent strategic investment indicate Faasos is poised for aggressive scaling and potential market consolidation. This capital infusion is likely to be directed towards expanding its cloud kitchen network, enhancing its brand portfolio, and further optimizing its supply chain and delivery logistics. The company's focus on proprietary brands and a technology-driven operational model suggests a strategic push to solidify its market leadership and potentially explore new culinary verticals or geographical expansions. The ongoing investment from prominent venture capital firms signals strong confidence in Faasos's business model and its capacity to capture a larger share of the rapidly growing Indian food delivery market.
See full Faasos company page
