8 Food Startups in India that Made Investors Slurp!
Set up with seed capital of Rs 8 lakh, Faaso's is opening a new store practically every month, at a cost of Rs 10 lakh to Rs 20 lakh each. Barman says the pace of growth may increase to three outlets a month soon. Currently, Faaso's outlets are supplied marinated ingredients. It is planning centralized supply and storage. CEO Barman says he expects new outlets to start making profits within 12 months.
Funding: In October last year, Sequoia Capital invested $5 million in the QSR.
4. Goli Vada Pav
Founded by Venkatesh Iyer in 2004
Goli selld vada-pav - a fried potato patty tucked in a bread roll which started out as the humble fare of Mumbai's working class. It started out in Kalyan, near Mumbai and now has more than 150 outlets in not only Bangalore, Hyderabad, Mumbai and Pune, but also locations such as Satara and Kolhapur in Maharashtra; Hubli and Belgaum in Karnataka; and Coimbatore in Tamil Nadu.
