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 proprietary brands, including Behrouz Biriyani, Ovenstory, and Kettle & Eggs, leveraging a network of over 75 cloud kitchen outlets. By integrating a mobile-first approach with a robust supply chain, Faasos has effectively captured the growing demand for digital-native food delivery services in India. Its operational footprint spans major urban centers, supported by both a digital-only delivery infrastructure and strategic offline retail presence in cities like Bengaluru.
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 RB Investments, Lightbox Ventures, Sequoia Capital India, and RTP Global
Key Investors in Faasos
RB Investments
A Singapore-based venture capital firm that provides strategic growth assistance and capitalization support to visionary entrepreneurs aiming to build multi-generational businesses.
Lightbox Ventures
A Mumbai-born venture capital firm with a strong track record in consumer technology, focusing on differentiated businesses within India's fragmented consumption market.
Sequoia Capital India
A global investment firm that acts as an active, value-added partner to entrepreneurs, leveraging deep expertise in venture and growth-stage opportunities.
What's next for Faasos?
Looking ahead, the strategic focus for Faasos remains centered on deepening its penetration within the fragmented Indian food consumption market. Given the major enterprise-level funding secured, the company is well-positioned to optimize its unit economics and expand its multi-brand strategy. Future growth will likely hinge on the integration of advanced data analytics to refine menu offerings and the continued scaling of its cloud kitchen infrastructure to meet the rising demand for convenience-driven dining. As the firm matures, the emphasis will shift toward sustainable profitability and the potential for further consolidation within the competitive food-tech ecosystem.
See full Faasos company page
