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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]
The fast food industry in India has evolved with the changing lifestyles of the young Indian population. [citation needed] The variety of gastronomic preferences across the regions, hereditary or acquired, has brought about different modules across the country.
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).
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.
Goli Vada Pav – Indian fast food restaurant chain; Haldiram's – Vegetarian indian restaurant and foodstuff manufacturer; Indian Coffee House – Restaurant chain in India, run by co-operative societies; Jumbo King – Indian fast-food restaurant chain; K.C. Das Grandsons – Indian confectionery; Karachi Bakery – Indian Food company
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In India, quick commerce saw increased adoption in 2023. Quick commerce orders made up about 40% to 50% of the country's online grocery expenditures in 2024. [14] With delivery times of less than ten minutes, q-commerce purchases in India also expanded to high-end goods, including the newly launched iPhone 16. [15]