Hotline: 1800 102 2007
X
Search Business Opportunities
Jul, 14 2017

Subsription-based drinks app Foom secures Rs 30 lakh from Delhi-based investor

The company would be investing Rs 20 lakh from the funds raised for its subscription-based app Foom App

Foom, a Bangalore-based startup for drinks, has raised Rs 30 lakh in seed funding from a Delhi-based investor, a company statement said.

The company would be investing Rs 20 lakh from the funds raised for its subscription-based app Foom App, the statement added.

Launched in 2017 and operated by Mangsa Technologies Pvt Ltd, Foom follows a subscription-based model, wherein one can enjoy one free drink every day for 30 days in different participating resto-bars/pubs. The service is currently available in more than 40 resto-bars and pubs in Bengaluru.

Lokesh Bevara, Founder & CEO, Foom, said, "We are planning to raise the next round of funds in the next six months and utilise it to expand our operation to all major cities by the end of 2019."

The company competes with the likes of Mumbai-based counterparts Raw Pressery, Juicifix and JusDivine, and Delhi-based Antidote.

Comment
image
Related opportunities
  • Preschools
    About Us: Established in 2005, Humming buds is the first ISO..
    Locations looking for expansion Delhi
    Establishment year 2005
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 2130
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • After School Activities
    About Us: SIP Academy India is successfully running various world-class programmes...
    Locations looking for expansion Delhi
    Establishment year 2003
    Franchising Launch Date 2003
    Investment size Rs. 5lac - 10lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Robotics & Technical Training
    IndiaFIRST® ROBOTICS - a name known for India’s First ever Modular robots..
    Locations looking for expansion Maharashtra
    Establishment year 2009
    Franchising Launch Date 2013
    Investment size Rs. 50 K - 2lac
    Space required 600
    Franchise Outlets 50-100
    Franchise Type Unit, Multiunit
    Headquater Pune Maharashtra
  • Language Schools
    SPOKEN ENGLISH COURSES with exclusive course material from OXFORD UNIVERSITY..
    Locations looking for expansion West bengal
    Establishment year 1950
    Franchising Launch Date 1992
    Investment size Rs. 2lac - 5lac
    Space required 500
    Franchise Outlets 50-100
    Franchise Type Unit
    Headquater Amherst street West bengal
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities