What is Faasos?
Founded in 2010 and headquartered in Pune, India, Faasos has evolved from a traditional restaurant chain into a sophisticated cloud kitchen operator. The company manages a diverse portfolio of brands, including Behrouz Biriyani, Ovenstory, and Kettle & Eggs, leveraging a network of over 75 cloud kitchen outlets across India. By integrating a mobile-first approach with a strong offline presence in cities like Bengaluru, Faasos has effectively captured the growing demand for digital-native food delivery services, positioning itself as a leader in the highly fragmented Indian food consumption market.
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 Steamboat Ventures and LightBox Ventures
Series C (2017): $6.4M supported by Sequoia Capital India, Lightbox Ventures, RB Investments, and RTP Global
Key Investors in Faasos
Sequoia Capital India
Sequoia Capital in India manages significant funds and invests across venture, growth, and late-stage opportunities, acting as an active, value-added partner to entrepreneurs.
Lightbox Ventures
A Mumbai-based venture capital firm with $450 million in assets under management, focusing on concentrated bets in differentiated businesses within India's consumption market.
RB Investments
A Singapore-based venture capital firm that provides strategic growth support, board development, and capitalization structure guidance to visionary entrepreneurs.
What's next for Faasos?
Looking ahead, the infusion of capital is expected to accelerate the company's expansion into new geographies and further optimize its supply chain infrastructure. As the firm transitions into a more mature lifecycle stage, the focus will likely shift toward enhancing operational efficiency and deepening its technological moat. By leveraging its existing network and brand equity, Faasos is well-positioned to capitalize on the ongoing digital transformation of the food service industry, potentially exploring further diversification of its culinary offerings to maintain its competitive edge in a rapidly evolving market.
See full Faasos company page
