Update: Faasos sent us a statement citing: 'As a part of our internal policy, we neither confirm nor decline any speculations on the transaction.' Earlier: Pune based Faasos, which delivers food through its app, has raised Rs 200 crore or about $30 million in a round of funding led by Ru-Net, with participation from existing investors Sequoia Capital and Lightbox Ventures, reports ET. It plans to use the funding for acquisition, starting operations in Kolkata, Chandigarh and Dehradun among other cities, expand in house brands and new services. We’ve written to Faasos and will update once we hear from them. The ET report adds that following the funding, the investors now hold a majority stake in the company. Faasos was founded by Jaydeep Barman and Kallol Banerjee in 2010 and currently operates in 10 cities across India and claims to have 160 distribution centres. ET cites Barman as saying last month that Faasos is looking to generate 1 million orders every day over the next 6 months, from its current 350,000 orders daily. Faasos was doing 70,000- 80,000 orders daily in April. Faasos went app only in August this year, after 97% of its orders came thru the app. The company had raised $20 million led by Lightbox Ventures and Innoven Capital in February this year and Series A funding from Sequoia Capital in 2012. It currently lists breakfast, lunch, beverages, wraps and continental food items with desserts on its app and uses Citrus wallet as a payment mode, and ShadowFax…
