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Most Innovative Companies

Faasos

The World's Most Innovative Companies 2016In just a few short years, Faasos has taken India's quick-service food industry by storm with its on-demand mobile ordering service. The Pune-based startup, founded by Jaydeep Barman and Kallol Banerjee in 2011, lets young urbanites order breakfast, lunch, dinner, and snacks with just the tap of a button--and delivers their meals in short time. It already serves 10,000 customers across 10 cities each day through its mobile app, and expects to continue expanding until it's "in every corner of the nation." Barman says mobile orders are increasing by 35-40% each month, and estimates that the company, which raised $20 million in Series B funding in 2015, will break even on revenue by March 2018. Faasos also plans to branch out its offerings with a retail website that sells Faasos-branded jams, sauces, and pickles on its way, as well as a second mobile app that will let users order meals and other basics, such as milk or newspapers, to be delivered during specific time slots.
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2016: India
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