Russia’s Ru-Net invests in Faasos

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Ru-Net, a Russia-based internet and technology investment company, has led a US$20 million round of investment in Faasos, a technology-focused quick-service chain of food outlets specializing in Indian wraps.

Faasos was founded in Pune in 2003 by Jaydeep Barman, a former McKinsey & Co executive, with his former classmate Kallol Mukherjee. The two are engineers with MBAs from the Indian Institute of Management in Lucknow and INSEAD. Faasos now has over 75 outlets across 17 cities in India.

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