Faaso's raises $20 mn from Lightbox, Sequoia

Pune-based restaurant delivery service Faaso’s has raised $20 million in series-B funding led by Lightbox Ventures with participation from existing investor, Sequoia Capital. It plans to use the raised funds to add ten cities over the next 12 months.

It currently has 90 outlets in six cities: Pune, Mumbai, Bangalore, Chennai, Ahmedabad, and Baroda. Fasso's gets 70% of its orders through its mobile app.