Tag: Jaydeep Barman

  • Jaydeep Barman: The Visionary Behind Rebel Foods, the World’s Largest Cloud Kitchen Platform

    Jaydeep Barman brought a revolution in how food is ordered and delivered within India and to the world, having introduced path-breaking Rebel Foods, originally called Faasos.

    Being one of its co-founders, he’s today the CEO of the world’s largest cloud kitchen company that revolutionized how the world consumed and innovated with the business model he conceptualized which eventually became a benchmark around the world in food technology.

    In his dream of using technology to create an accessible, multi-brand culinary empire, Rebel Foods shines like a light of innovation and pathfinder among other cloud kitchen-based ventures.

    In this StartupTalky article, we will explore Jaydeep Barman’s success story, including his early life, history, childhood, personal life, education, achievements, and more.

    Jaydeep Barman – Biography

    Full Name Jaydeep Barman
    Birthplace Kolkata, India
    Nationality Indian
    Education MBA from INSEAD, Master’s in Industrial Engineering and Operations Research from Georgia Institute of Technology
    Occupation Co-Founder and CEO of Rebel Foods
    Known For Founding Rebel Foods and spearheading the cloud kitchen revolution
    Other Titles Innovator, Food Tech Pioneer
    Philanthropic Focus Empowering food entrepreneurs, education
    Hobbies Traveling, Cooking, Reading

    Jaydeep Barman – Early Life and Education
    Jaydeep Barman – The Birth of Faasos and Its Transformation into Rebel Foods
    Jaydeep Barman – Career Highlights
    Jaydeep Barman – Philanthropy
    Jaydeep Barman – Awards and Recognition
    Facts About Jaydeep Barman
    Jaydeep Barman – Legacy and Impact

    Jaydeep Barman – Early Life and Education

    Born and raised in Kolkata, Jaydeep Barman had spent his entire growing years developing a passion for varied culinary cuisines – a passion he would later express through entrepreneurship.

    Barman pursued undergraduate studies in Mechanical Engineering at the Indian Institute of Technology, Kanpur. After this, he finished a Master’s in Industrial Engineering and Operations Research at Georgia Institute of Technology in the United States. To further enhance his managerial skills, he pursued an MBA from one of the most elite business schools globally, INSEAD.

    His education, which was rich in technical acumen and business sense, has enabled him to shape Rebel Foods into an international brand name.

    Jaydeep Barman – The Birth of Faasos and Its Transformation into Rebel Foods

    Jaydeep Barman, a serial entrepreneur, started in 2011 by founding Faasos with his business partner, and friend, Kallol Banerjee. It was designed as a QSR chain with wraps and rolls as a primary product.

    In 2015, after years of experimentation and observing market trends, Barman pivoted Faasos into a pure-play cloud kitchen model. This transformed the company into one that operated without dine-in facilities and focused purely on delivery, thus cutting overhead costs and maximizing efficiency.

    In 2018, he renamed the company to Rebel Foods, representing the vision of its scale. Rebel Foods, under Barman’s leadership, has transformed itself into hosting several virtual brands such as Behrouz Biryani, Oven Story Pizza, Mandarin Oak, and Sweet Truth.


    Rebel Foods – Founders | Business Model | Subsidiaries
    Rebel Foods is a cloud Kitchen startup that owns several food brands. Know about Rebel Foods’ startup story, funding, competitors, and growth.


    Jaydeep Barman – Career Highlights

    Jaydeep Barman’s career is the epitome of innovative thinking, entrepreneurial spirit, and disruption in the traditional model of business. Be it academic pursuit or forming Rebel Foods, he has had a knack for being able to identify opportunities and create value in the dynamic industries of today.

    Barman had a stint in the corporate world before entering entrepreneurship, during which he had the opportunity to gain valuable experience in strategy and operations. Early in his career, he held roles that forced him to think critically and execute efficiently, preparing him for his future success.

    He started his professional career with McKinsey & Company as a consultant. At McKinsey, he developed a good understanding of strategy formulation, market analysis, and operational efficiency. These skills proved instrumental in shaping his entrepreneurial approach later in his career.

    Jaydeep’s entrepreneurial journey began with Faasos in 2011. The brand started as a quick-service restaurant chain serving wraps and rolls in Pune, India. While Faasos gained popularity for its convenient, affordable, and delicious offerings, Jaydeep soon realized the limitations of the traditional restaurant model.

    In 2015, Jaydeep made a game-changing decision to pivot Faasos into a cloud kitchen model. The reason was his idea of how technology could fill the loopholes in traditional restaurants, which were high real estate costs and non-scalability. In 2018, Faasos became Rebel Foods with a name that reflected its shift into becoming a multi-brand virtual restaurant platform. Jaydeep Barman steered this shift and turned Rebel Foods into the world’s largest chain of cloud kitchens.

    Rebel Foods Financials FY24
    Rebel Foods Financials FY24

    In FY 2023, Rebel Foods reported an operating revenue of INR 1,195 crore with total expenses of INR 1,827 crore, resulting in a loss of INR 657 crore. In FY 2024, the company’s revenue increased to INR 1,420 crore, while expenses rose slightly to INR 1,857 crore, reducing the loss to INR 378 crore.


    List of All the Subsidiaries of Rebel Foods | Brands under Rebel Foods
    Rebel Foods is a restaurant company and cloud kitchen chain that has more than 45 brands under it. Take a look at all the brands under Rebel Foods.


    Jaydeep Barman – Philanthropy

    Jaydeep Barman, the founder of Rebel Foods, is more than just a visionary entrepreneur- a leader who truly engages deeply with both social responsibility and sustainability. He believes that his journey should benefit the society around him, empower communities, and make businesses have a purpose bigger than their profits.

    Commitment to Empowering Small Businesses

    Jaydeep Barman has concentrated on empowering smaller and local food entrepreneurs through the Rebel Foods endeavor. Rebel Foods provides cloud kitchens to aspiring restaurateurs, with the result of small-scale food operators entering a market with virtually no capital investment and resources available. This initiative has opened ways for hundreds and thousands of such small businesses to scale their sizes, gaining high visibility, and making it competitive in the large industry.

    Promoting Fair Employment Practices

    Jaydeep Barman is careful to make sure there is an equal and inclusive work environment. Rebel Foods employs thousands of employees in its kitchens and delivery networks. The company ensures all its employees have a fair wage, proper training programs, and opportunities for growth. Besides this, the organization focuses on hiring people from disadvantaged backgrounds to enable them to gain stable careers in the food industry.

    Sustainability Initiatives

    Jaydeep was a long-term advocate for sustainability in the food tech sector. Under his guidance, Rebel Foods has incorporated some of the eco-friendly practices like:

    • Packaging that is bio-degradable, recyclable materials, reducing packaging waste to food.
    • Food Waste Management: Implementing systems to reduce food waste and donate excess food to local charities.
    • Energy-Efficient Kitchens: Designing cloud kitchens with energy-efficient equipment and optimized workflows to reduce carbon footprints.

    Supporting Local Farmers and Supply Chains

    Jaydeep has championed the cause of supporting local farmers by sourcing ingredients from sustainable and ethical producers. Rebel Foods emphasizes working directly with farmers and small-scale suppliers, ensuring fair trade practices and helping to uplift rural communities.

    Focus on Education and Skill Development

    Jaydeep is of the view that education and skills help one get out of poverty cycles. CSR programs in Rebel Foods included investments made towards skill development in training youngsters in the art of cuisines, safety measures while cooking, and overall kitchen management. Many young persons were placed on career tracklines within this sector through the aforementioned CSR efforts of the company.


    Rebel Foods: From Start-up to a Billion-Dollar Success
    Founded in 2009 as a single brick-and-mortar restaurant, Rebel Foods, then known as Faasos, faced a critical crossroads in 2013. This led to a bold move – shedding the dine-in model and diving headfirst into cloud kitchens.


    Jaydeep Barman – Awards and Recognition

    Following are the list of Awards and recognitions that Jaydeep Barman has won: 

    • Top 10 Food Startups in Asia – AsiaTech Awards (2022): Featured as one of the top companies changing the game in the Asian food industry.
    • Leadership in Sustainability Award 2022: Rebel Foods was recognized for its sustainable packaging and food-sourcing initiatives.
    • CNBC Disruptor 50 List (2021): Named to the most disruptive private company in Rebel Foods and showed the disruptive nature of innovating the whole concept of Cloud Kitchens
    • World’s Most Innovative Companies in Fast Company list of 2021: Placed in it due to innovations through its path-breaking approach toward food delivery multi-brand cloud kitchen.
    • Best Cloud Kitchen Operator by Entrepreneur India Award, 2021: It has operational excellence and innovation within the cloud kitchen ecosystem.
    • India Today Game Changer Award (2021): Jaydeep Barman was honored for his disruption of the traditional food delivery system and innovation of new business models.
    • INSEAD Alumni Global Impact Award (2020): This award was earned by Jaydeep Barman because of his efforts in entrepreneurship and significant contributions to global food.
    • Economic Times Promising Brands (2020): Rebel Foods won this title for its strong brand performance and market leadership.
    • Top 50 Startups to Watch- NASSCOM (2020): Rebel Foods was listed amongst some of the most impactful startups guiding innovation in India’s technology and food sectors.
    • Global Restaurant Leadership Award (2019): Acknowledging the redefined restaurant business through cloud kitchens
    • Red Herring Top 100 Asia (2019): A recognition for the scalable, technology-driven model.

    These honors further repute Jaydeep Barman as the pioneer in the global food tech industry, along with Rebel Foods, as one of the flag-bearers in the global cloud kitchen revolution.

    Facts About Jaydeep Barman

    • Global Firsts: Rebel Foods is credited as the first company to adopt a fully cloud kitchen model at scale.
    • Educational Background: He holds an MBA from INSEAD, the same school that shaped several other global CEOs.
    • Inspirational Leadership: Known for his hands-on approach, Barman often interacts directly with teams to foster innovation.
    • Focus on Customer Data: Barman’s belief in data-driven decision-making has been pivotal to Rebel Foods’ success.
    • Multiple Hats: Before starting Faasos, Barman worked as a consultant with McKinsey & Company, where he gained significant operational insights.
    • Author at Heart: Barman has expressed an interest in writing about his entrepreneurial experiences to inspire the next generation of innovators.
    • Food Lover: Despite running a tech-driven food company, Barman remains a foodie at heart, often experimenting with new recipes.

    Jaydeep Barman – Legacy and Impact

    From entrepreneur Jaydeep Barman, innovativeness with resilience and agility has led to a great entrepreneurial experience. He designed the food delivery ecosystem in a way that an extremely profitable business model is of extreme inclusiveness. The story of Rebel Foods has inspired myriads of entrepreneurs. It has revamped the perception of the world around food tech.

    The plan of Barman for Rebel Foods is to extend the company in more markets, as well as to launch some new culinary brands. His legacy will be a billion-dollar company but also democratize access to food entrepreneurship and show that innovation can go hand in hand with impact.

    FAQs

    Who is Jaydeep Barman?

    Jaydeep Barman is the co-founder and CEO of Faasos, now rebranded as Rebel Foods, the world’s largest cloud kitchen company.

    What is Jaydeep Barman education?

    Jaydeep Barman holds an MBA from INSEAD and an engineering degree from IIT Kanpur.

    What is Rebel Foods?

    Rebel Foods is the world’s largest cloud kitchen company, founded in 2011 by Jaydeep Barman and Kallol Banerjee. It operates multiple virtual food brands like Faasos, Behrouz Biryani, Oven Story Pizza, and Sweet Truth. Rebel Foods specializes in delivering a wide variety of cuisines through its technology-driven cloud kitchen model, which eliminates the need for dine-in facilities.

  • Faasos – The Success Story of the Indian Online Food Delivery Company

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Faasos.

    Have you ever fancied yourself as a restaurant owner at some time in your life? Don’t you think how complicated would it be to start and run a restaurant chain? Right from the choice of cuisine to the business model, and the ultimate presentation, how difficult it can be to run your chain when already hundreds of well-established brands are there in the market. When the whole world out there is having a good time, have you ever thought about how struggling it can be to establish you and your brand? Well, the answer to all these and many other questions, Faasos emerged. Founded back in 2004, Faasos was incorporated in 2011, as an Indian “food on demand” service company by Jaydeep Barman and Kallol Banerjee.

    Faasos is a brand owned by the online restaurant unicorn Rebel Foods. The company currently operates ghost kitchens distributed across 35+ Indian cities. If you are looking to discover more about Faasos Startup Story, Founders and Team, Funding and investors, Business and Revenue Model, Competitors, Revenue, and more, then check them all out here in this article:  

    Faasos – Company Highlights

    Startup Name Faasos
    Headquarters Mumbai
    Sector Online Food Ordering, Foodtech
    Co-founders Jaydeep Burman, Kallol Banerjee
    Founded 2011
    Operational Revenue $75.24 million (₹572 crore in FY20)
    Total Funding ~ $111 million
    Parent Organization Rebel Foods Pvt. Ltd
    Website faasos.com

    Faasos – About and How it works
    Faasos – Founders and Team
    Faasos – Owner | Rebel Foods Pvt Ltd.
    Faasos – Startup Story | How was Faasos Started?
    Faasos – Mission and Vision
    Faasos – Name, Tagline, and Logo
    Faasos – What is Faasos?
    Faasos – Business Model and Revenue Model
    Faasos – Funding and Investors
    Faasos – Revenue
    Faasos – Startup Challenges
    Faasos – Competitors
    Faasos – Growth
    Faasos – Future Plans
    Faasos – FAQs


    Zomato Success Story – Latest News | History | Founders | Funding
    Company Profile is an initiative by StartupTalky to publish verified informationon different startups and organizations. The content in this post has beenapproved by the organization it is based on. There were days when we used to call different restaurants to place orders andagain call up for c…


    Faasos – About and How it works

    So what is Faasos? The Faasos company is an Indian online food delivery company that was incorporated in the year 2011. Faasos launched its mobile app in 2014 and since then the company has been catering to the customers of India as food on-demand service.

    Headquartered in Mumbai, Maharashtra Faasos currently operates 160+ kitchens that provide meals from 4 different brands. Faasos India is the only company that works on all the three stages of food on-demand business which are ordering, distribution, and order fulfillment in the sector of online food ordering business in India.

    Faasos is an Indian Online Food Delivery Company and a nationwide chain of food outlets. Faasos origin started out by selling only Calcutta rolls in Pune, but now Faasos menu includes wraps, rolls, Frankies, and Indian food items, which are delightful alternatives to the McDonalds, Subways, and Dominos. Faasos website takes online orders, prepares food for its customers, and delivers the same at their doorstep. Besides, you can also search for the website or Faasos outlets in India by simply searching “Faasos near me”.

    The Faasos apps’ wide range of food items includes classic wraps, party wraps, rice bowls, desserts, meals, snacks, etc. According to the Faasos reviews, it also accepts online party orders. Since its inception, Faasos aimed to create a kitchen from where the customers can order all their favorite dishes and get them delivered in no time. Besides, Faasos branches across the country are based on the Faasos cloud kitchen model, through which people can order food.

    Faasos – Founders and Team

    Jaydeep Barman (CEO) and Kallol Banerjee are the Faasos founders.

    Faasos Founders, Ceo.
    Jaydeep Barman and Kallol Banerjee – Faasos, Founders

    Jaydeep Barman

    Jaydeep Barman completed his MBA from INSEAD and is the current Faasos CEO. This Faasos founder worked for McKinsey & Company, London, where Jaydeep was an associate principal.

    Kallol Banerjee

    Kallol Banerjee has completed his MBA from the Indian Institute of Management, Lucknow, and has further studied at INSEAD after completing his graduation in Mechanical Engineering from Jadavpur University. Kallol has previously worked in Singapore at Bosche before they started their venture.

    Soumyadeep Barman

    Soumyadeep Barman is known as the Chief Product Officer and Co-founder of Faasos. Barman was earlier the Chief Technology Officer of the company since he joined and stepped down from the same in April 2020 when he started as a Chief Product Officer.  

    Faasos currently has somewhere between 500-1000 employees.


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    Faasos – Owner | Rebel Foods Pvt Ltd.

    Rebel Foods is the Faasos owner and the Faasos parent company. Rebel Foods is an Indian online restaurant company that operates several cloud kitchen brands. It was founded by Faasos founders Jaydeep Barman and Kallol Banerjee in 2011.

    Faasos Owner - Rebel Foods
    Rebel Foods Brands

    Faasos – Startup Story | How was Faasos Started?

    In 2004, Faasos’s startup story began as a Calcutta Roll store chain in the city of Pune. To provide end-to-end delivery, fresh food, and doorstep delivery, it took around 7 years for Jaydeep and Kallol, which helped them establish Faasos India with full commitment. The Faasos history was started with an idea over rum and cola at an apartment that was shared by the two in Pune.

    Jaydeep had no background experience in the food business sector and all his decisions were intuitive, which has served him well so far. He was just tired of the burger and pizza chains and wanted something Indian to pop up in the online sector and that’s how the Faasos story began. From 2011 to 2013, Faasos revenue grew and the founders opened over 70 Faasos franchises in the major cities of India.


    Swiggy – Delivering happiness at your doorstep!
    Craving a delicious bite of blueberry cheesecake in the middle of the day atwork? But traffic, unending queues at café, waiting for the order and thencoming back to work-Is as hectic as it sounds! Since August of 2014, orderingfood has been revolutionized in India; it became as easy as one wants …


    Faasos – Mission and Vision

    The main aim/vision of Faasos is to become the best-in-class ‘Food on Demand’ business in the country. Faasos believes to stand as the best company to answer the customers’ queries of “what’s for dinner today?” and deliver them right at their doorsteps.

    The Faasos name was taken from Burkina Faso, which is a French colony and it means ‘Land of Incorruptible People’. Although it does not symbolize anything nor is related to the food industry but the founders thought that it might be interesting to keep this name.

    The Faasos tagline – We Got Your Food! Faasos logo is written in cursive font in blue. The Faasos company aims to become the leading ‘Food on Demand’ business in our country.

    Faasos logo
    Faasos logo

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    Faasos – Business Model and Revenue Model

    Faasos business model is developed around the idea of running a hyperlocal, cloud kitchen-based model, wherein the parent company Rebel Foods offers numerous in-house brands on its platforms like Oven Story, Kettle&Eggs, Behrouz, Firangi Bake. The Faasos cloud kitchen model was introduced after the other Faasos brands were added in the year 2015.

    The Faasos food delivery process is designed in a way that turns out to be an easy and effective process for the customers to order Faasos food. In this way, the Rebel foods business model helps the company multi-task using the same kitchen, with common ingredients and the same staff to fulfill all their orders from varied brands. Today, Faasos operates more than 160 Faasos franchises that offer meals from four different brands.

    Faasos has deeply followed the business model of Domino’s, which requires them to keep close to the neighborhoods of the customers, stay abreast of the customers’ orders and guarantee food delivery within 30 minutes.

    Faasos earns from the commissions from the food order deliveries. Furthermore, it also earns from the delivery charges it levies on the food orders. The company further earns from the advertisements and features of food brands that it introduces on its app.  

    Faasos – Revenue

    Faasos recorded a revenue of $75.24 million (Rs 572 crore) in FY20, thereby growing around 84% year-on-year (YoY) from ₹305.1 crores, which Faasos managed to pick up in FY19. The company’s revenues were recorded at only ₹147 crores in FY18, which has significantly grown.

    The company’s net loss has also ballooned at INR 431 Cr from the past fiscal when it was only INR 131 Cr. Thus, Faasos’ losses increased by around 229%.


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    Faasos – Funding and Investors

    Faasos funding has raised over $111 million to date. Faasos’ first round of funding was held in January 2011 wherein the famous investor Sequoia Capital funded Faasos with $8 million.  

    The details of Faasos funding are as follows:

    Date Amount Stage Investors
    January 2011 $8 Million Series A Sequoia Capital
    2015 $16 Million Series B Sequoia Capital and Others
    $30 Million Series C Sequoia Capital, RB Investments, Lightbox
    INR 414 Million Series C Sequoia Capital, RB Investments, Lightbox
    January 2019 $4.2 Million Venture Debt Alteria Capital
    March 2019 $15.8 Million Series D Sequoia Capital India, Lightbox Ventures, Evolvence India Fund
    February 2020 $4.9 Million Series E1 Alteria Capital
    July 2020 $26.5Million Series E2 Coatue Management

    Faasos – Startup Challenges

    One of the most important aspects of any business is accounting and finance and that was an early challenge for Faasos to manage as it was using the legacy Point of Sales system for store sales and inventory management whereas, for the accounting and financing, Faasos was dependent on the ubiquitous Tally software.

    Afterward, the company switched to Sage, which helped it overcome the problems of finance and accounting. According to the Faasos founders, one of the big earliest loopholes of the Faasos India business was tied to the location that they decided upon and the cost needed to repair the mistake. However, these challenges made them realize that they need to have multiple food brands rather than a brand extension.


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    Faasos – Competitors

    Faasos is a chain that has direct competition with giant food aggregators like Zomato and Swiggy and the other Faasos competitors like FoodPanda and so on. In India, the food delivery market is valued at 15 billion dollars and is exponentially growing day by day. The online food delivery market has also become extensively competitive. Although Faasos app has a niche business model and works differently than the others, the company still faces stiff market competition. To compete in this competitive market and to be better than its competitors, Faasos focuses on the pricing and the range of food items that it offers to its customers.

    Faasos – Growth

    The Co-founder and CEO of Faasos, Jaydeep firmly believes that Faasos has no limit. It has expanded much in terms of the restaurant partners it collaborates with and also diversified its range of food items. Faasos outlets in India will keep increasing as the company has the power and ability to make strong brands in the food industry and the cost structure of lean manufacturing and distribution. In the long run, Faasos has the potential to offer products at low costs in the future as well and also expand to run it at a global level. Over the years Faasos has become one of the top food delivering companies in India. Besides, the company has also:

    • Built 1000 restaurants in just 24 months.
    • Increased its revenues by 5x in a really short time.
    • Raised itself to serve more 30,000 meals in a single day.

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    Faasos – Future Plans

    Faasos is expanding at an impressive pace. The company is further looking to capture more of the market shares in the times upcoming. Faasos is aiming to expand beyond the borders of India and partner with more restaurants to provide delicious foods to its world of customers. In terms of revenues, Faasos is currently targeting the $100 million mark. The Rebel Foods-owned brand is looking forward to building 10,000 restaurants across Indian in the next 5 years.

    Faasos – FAQs

    Who is the CEO of Faasos?

    Jaydeep Barman is the Co-Founder and CEO of Faasos.

    How much is the revenue of Faasos?

    In FY20, Faasos has generated operating revenue of ₹572 crores, from ₹305.1 crores in FY19.

    Who are the Top Competitors of Faasos?

    Faasos is a chain that has direct competition with giant food aggregators like Zomato and Swiggy whereas there are other competitors like FoodPanda and so on

    Who is the Owner of Faasos?

    Rebel Foods Pvt Ltd., is the Owner/Parent Organisation of Faasos. It was founded by Jaydeep Barman (CEO) and Kallol Banerjee in 2011.