We're a food company, not food-tech: Jaydeep Barman, Faasos

We're a food company, not food-tech: Jaydeep Barman, Faasos

Faasos founders Jaydeep Barman, right, and Kallol Banerjee.

Last year, a host of startups delved into the on-demand food delivery sector, drawn by the large Indian market, easy funding from venture capital firms, and simple tech that goes into it. Competition among startups got heated, and a few of them were left struggling, unsure of their future. Some closed down or got sold for a pittance to other startups that managed to raise more money, and are better managed.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter