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Faasos raised its first round of funding of US$5 million (Rs. 30 crore) from Sequoia capital in November 2011, [9] a second round of funding of US$20 million in February 2015 from Lightbox Ventures and Sequoia Capital, [10] and a third round of funding of US$30 million in December 2015 from Russian Internet-focused Investment firm ru-Net, Sequoia Capital and Lightbox Ventures. [11]
Swiggy is an Indian online food ordering and delivery company. Founded in 2014, Swiggy is headquartered in Bangalore and operates in more than 580 Indian cities, as of July 2023. [ 4 ] Besides food delivery, the platform also provides quick commerce services under the name Swiggy Instamart, and same-day package deliveries with Swiggy Genie.
Online food ordering is the process of ordering food, for delivery or pickup, from a website or other application. The product can be either ready-to-eat food (e.g., direct from a home-kitchen, restaurant, or a virtual restaurant) or food that has not been specially prepared for direct consumption (e.g., vegetables direct from a farm/garden, fruits, frozen meats. etc).
In the last 10 years, the revenue in FMCG industry in India has been growing at the rate of 21.4%. [2] There was a drastic change in revenues in FMCG sector growing from US$31.6 billion to US$52.8 from 2011 to 2017-2018 respectively. [3]
The food industry is a complex, global network of diverse businesses that supplies most of the food consumed by the world's population. The food industry today has become highly diversified, with manufacturing ranging from small, traditional, family-run activities that are highly labour-intensive, to large, capital-intensive and highly ...
Rebel Foods is an Indian online restaurant company which operates 11 cloud kitchen brands including Faasos, Behrouz Biryani and Oven Story. [10] It is the largest cloud kitchen restaurant chain in the world, [11] operating more than 450 cloud kitchens in 10 countries, as of April 2022.
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