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Faaso’s Grabs the chocolaty $20 Mn From Lightbox & Sequoia In Series B

fasso

fasso

Pune-based tech focused QSR chain Faaso’s has grabbed $20 Mn in a fresh round of funding led by LightBox Ventures and Sequoia Capital. Of the total amount, $16 Mn is equity investment by Lightbox and Sequoia, and a $4 Mn debt.

HISTORY

Jaydeep Barman, a former McKinsey and Co executive alongwith Indian Institute of Management-Lucknow batchmate Kallol Banerjee founded Faaso’s in 2004. The startup had earlier raised funding of $5 Mn from Sequoia in 2011.

Faasos, a technology-focused quick-service restaurant, it was the first company to start taking orders via tweets, users can tweet Faaso’s for food and can also gift wraps etc. to their friends residing in other cities.

The startup now has over 90 outlets across Pune, Mumbai, Bengaluru, Ahmedabad, Chennai and Vadodara. Further, it plans to use the funds raised to add 10 cities over the next 12 months.

ABOUT THE APP – FAASO

Faaso’s also has a mobile app that was launched in March last year, as per the company now 65% of its orders come through internet and it processes 50,000 orders a month through its mobile app.

faasos-screens

The app has a simple User-Interface (UI). ONE can order wraps for either take-away or free home delivery and can also trackorder status. Cash on Delivery, Debit card and Credit Card are the payment options available. Wraps and Biryani can be easily customised by using the app. A Faasos store in close vicnity can also be located using the app.

With the app you can order hot, desi wraps, rice feasts, starters, desserts and more with a few simple touches. Just grab your phone, place your order and get piping hot food delivered at your doorstep or collected from your nearest FAASO’S outlet. With our army of bike borne delivery boys we ensure that food once ordered through the app, is quickly delivered to your home, office or wherever it is.

The Faasos android app is designed to make your food ordering experience smooth and easy. With our user friendly interface, you can conveniently view the specials of the day, choose how to view the menu by switching between vegetarian, non-vegetarian, wraps, rice feast etc, and also easily customize every item you order by giving special instructions to be followed by our chefs.

Not carrying enough money?
Not a problem. Using the app, stay updated on latest offers, discount coupons and value combos, which are light on your pocket but heavy on your tummy. And yes, you can pay online as well through your debit/credit card.

Features:
1. Easily order your food from your phone from any of our stores. No computers, no queues.
2. Locate the nearest Faaso’s. There are directions to get you there.
3. See full menu and customize your order just like you would do in our store or on our website
4. Pay Cash on Delivery or through your Credit/Debit Card
5. Use your order number to track the status of your order
6. Stay updated on the latest discount coupons

We were the first company in the world to have tweet to order facility where you can just tweet your order in few words and it will be delivered to your doorstep. Maybe someday you can whatsapp us your order too!

You can try the app at Android, iOS and Windows platforms

Check the website: FAASO’S:WRAPS ON THE RUN

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Nasbeer Ahammed
Founder, Investor, Entrepreneur & Mentor of Expibotz Technologies Pvt Ltd, Startup ShowCase, Neukoz Technologies, Magik Media, Make My Experience, Swan Logistics, etc...
http://www.nasbeer.com
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