When it comes to grabbing a quick bite, do you find your options limited—a burger, a sandwich, a pizza perhaps? Well, if you are a connoisseur of desi food, you have the option of enjoying a variety of wraps, rice dishes, desserts and more—even food made to order—courtesy Jaydeep Barman and Kallol Banerjee and their fast-food chain FAASOS.
Barman was working with McKinsey in London and Kallol with Bosch in Singapore, when they decided to return and start their own business. In November 2010, they set up FAASOS, a food-on-demand start-up serving Indian delicacies, in Pune, investing close to Rs 50 lakh—savings and loans from family and friends.
Starting out from Pune, Faaso’s started out slowly but gained in momentum and went on to raise $5 million from Sequoia Capital.
Growing from a single store in Aundh, Pune, Faaso’s had 18 outlets in 2011 when the funding came in. This was also the time when they introduced the entrepreneurship in residence program. Since then, the curve has been steep upwards and currently, the company has 53 outlets across Pune(18), Mumbai (32) and recently launched in Bangalore (3)