Fasoos raises ₹111 cr in fresh funds

Fasoos, the Pune-based on demand food delivery startup has raised ₹110.66 crore from a clutch of investors including Sequoia Capital and Lightbox Ventures. Fasoos parent, Rebel Foods Pvt Ltd has issued a total of 2,388 Series D1 compulsory convertible cumulative preference shares of face value of ₹1,000 each, as part of the financing round. The company had earlier raised ₹30 crore in debt funding taking the total funding to $103.7 million across eight funding rounds.