Faasos which is own and operated by Rebel Foods is in middle of discussion with investors to raise a little over $100 million (Rs 735 crore) mainly to expand the business in overseas market. If sources are to be believed the company is in process of closing its latest round of equity financing, estimated at $35 million, which is likely to see existing backer, marquee venture firm Sequoia Capital.
The round, which has already seen entry of new backers Sistema Asia Fund and UAE-based Evolvence, values the company at $200-220 million, according to persons cited earlier. Lightbox, an early backer, has also participated in this round.
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