Food startup Faasos losses grew four times in 2016
Sequoia Capital-backed food startup Faasos losses widened four-fold in the financial year ended March 2016, mainly over higher expenses, according to startup's filings. Losses during the year stood at ₹111 crore compared to ₹24 crore loss registered a year earlier. Founded in 2011, Faasos runs food outlets as well as provides on-demand food delivery.