Faasos, a food delivery platform has raised Rs.41.44 crore in funding as an extension of its previous funding round. Its previous funding round was in December 2016, where it raised Rs.200 crore.
The Faasos Story
Faasos began in 2011 as a “food on demand company” which allows customers to place orders through their website or app and have them delivered at a scheduled time. It allows customers to track their orders live.
Faasos has a daily changing menu with dishes like Exotic Meatball Salad, Omelette Pav Sausages, Chicken Biryani, Chicken Wraps and Jumbo Chicken Rice Feast.
Funding In 2015
In December 2015, Faasos raised Rs.200 crore in a round which was led by RuNet, Sequioa Capital and Lightbox Ventures. In February 2015, Faasos had raised $20 million.
The most recent Rs41 crore which Faasos reported in filings made with the Registrar of Companies (RoC) was a continuation of the December 2015 funding round. The investors include Lightbox Ventures II, Lightbox Expansion Fund, Sequoia Capital India, RuNet South Asia and RB Investments.