What is Faasos?
Founded in 2010 and headquartered in Pune, India, Faasos operates a robust chain of restaurants and cloud kitchens. The company has strategically expanded its portfolio by owning popular brands such as Behrouz Biriyani, Ovenstory, and Kettle & Eggs. With a significant presence across India, Faasos boasts over 75 cloud kitchen outlets and also maintains offline stores, primarily in Bengaluru. The company leverages its mobile application, available on both Android and iOS, to enhance customer accessibility and streamline operations, positioning itself as a key innovator in the food-tech sector.
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, founded in 2000, focuses on helping young companies become market leaders. They invest in early to growth stage companies within the technology, media, and consumer sectors. The firm is dedicated to creating lasting value in each of its investments.
RTP Global
RTP Global is a venture capital firm focused on early-stage technology investments, supporting young companies with strategic know-how and a broad global network. They have invested in numerous companies across Europe, Asia, and North America.
Sequoia Capital India
Sequoia Capital India manages funds capitalized at close to USD 1.4 billion and invests across venture, growth, and late-stage opportunities, acting as an active partner to entrepreneurs.
What's next for Faasos?
The recent major strategic investment signals Faasos's intent to further solidify its market position and potentially explore new avenues for growth. Given the enterprise-level nature of its total funding, the company is likely focused on scaling its operations, enhancing its technological infrastructure, and potentially expanding its brand portfolio or geographical reach. This capital infusion will be critical for Faasos to maintain its competitive edge in the dynamic Indian food service market, possibly through further acquisitions, technological advancements, or strategic partnerships.
See full Faasos company page
