Food Delivery App Fooza Announces Expansion in Tier-1 Cities in India

Food Delivery App Fooza Announces Expansion in Tier-1 Cities in India

Food Delivery App Fooza Announces Expansion in Tier-1 Cities in India

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Food delivery app Fooza Foods is now set to expand across different tier-1 cities in India by adding one city after every three months till March 2023.

In the next 100 days, Fooza Foods has targeted to open up Mumbai operations which were scheduled to be opened in the month of May 2021 but got delayed due to the ongoing pandemic by 3 months. They are pretty buoyant to be a part of the 12.5-billion-dollar Indian food delivery market. While the company has been operating out of internal accruals to date, are disinvesting a 5%stake in the company worth Rs 35cr to fund the expansion. They are seeking monetary provisions from institutions for the same as well as from friends and family. The minimum ticket size is ₹1 crore. This money is being raised for their expansion plans to start off other cities like Mumbai, Delhi, Noida, Gurgaon, Bangalore, Jaipur Ahmedabad, Lucknow, Hyderabad, and Chennai.

The platforms currently has 50 riders delivering all Kolkata with around 350 orders a day across and with an average AOB of 280/-. The brand is running with an extremely tight shift having absolute control over their riders. The delivery app is currently providing 50% off and Cash on Delivery up to Rs 600.

The app is going to bridge the gap in the existing online food delivery industry with its distinctive features. Fooza will create direct and indirect employment opportunities in pan India. It will also help restaurants to connect with a large number of customers.

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