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Link Legal, BMR, Themis on $30m funding in app-based food chain Faasos

Link Legal India Law Services advised Russia based investors Ru-Net on their $20m (Rs 134 crores) investment in app-based restaurant chain Faasos which was advised by BMR Legal.

Link Legal Delhi partner Manish Gupta and associates, Sweta Rao and Ashish Ahluwalia acted for Ru-Net.

BMR Mumbai partner Siddharth Nair and associate Hardik Bhatia acted for Faasos.

Themis Associates Bangalore senior associate Dheeraj Khanna advised the existing investors Sequoia and Lightbox which were also part of the $30m round.

Faasos is an internet based food company, currently operating in six cities in India including Pune, Mumbai, Bangalore, Chennai, Ahmedabad and Baroda. Faasos was reportedly valued at $130m-$160m (Rs 870 crore-Rs 1,071 crore reported the Economic Times, and the investors now own a combined majority stake in the startup.

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