Ru-Net, a Russia-based internet and technology investment company, has led a US$20 million round of investment in Faasos, a technology-focused quick-service chain of food outlets specializing in Indian wraps.
Faasos was founded in Pune in 2003 by Jaydeep Barman, a former McKinsey & Co executive, with his former classmate Kallol Mukherjee. The two are engineers with MBAs from the Indian Institute of Management in Lucknow and INSEAD. Faasos now has over 75 outlets across 17 cities in India.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”3″ ihc_mb_template=”2″ ]
Ru-Net has previously injected funds in Indian companies such as Snapdeal, Pepper Tap and AppsDaily. Existing Fassos investors Sequoia Capital and Lightbox Ventures also invested in this round.
Link Legal India Law Services advised Ru-Net on the funding. The team was led by partner Manish Gupta with assistance from associates Sweta Rao and Ashish Ahluwalia.
BMR Legal partner Siddharth Nair advised Faasos with help from associate Hardik Bhatia.
Dheeraj Khanna, a senior associate at Themis Associates, advised Sequoia and Lightbox.
[/ihc-hide-content]
