Foom: Subscription Based drink Startup Raises Seed Funding


News Updated 14th July, 2017 by Eric Jones

SHARE
609 Views

Foom, a Food and drinks startup raised of $46,000 in a seed funding. A Delhi based Investor have given this amount to the beverage drink venture to expand the business.Foom is basically a food and drinks startup founded in 2017 which follows the subscription based model in which one can enjoy one drink every day in different bars and restro bars/pubs for 30 months. The company currently partnered with the 40 restro bars with in the Bangalore.

The company currently works with in the Bangalore, Foom is planning to invest a large portion of the investment its mobile app “FoomApp”. Users can download the app can subscribe the service by which they can taste different luscious drink every day. By raising the Fund company the started to plan future goals and targeted to provide its service in major cities by the end of 2019.

The mind behind this unique idea, Lokesh Bevara which is the Founder and also the chief executive of the company said.” we are planning to raise the next round fund to provide Foom a big exposure and make it a big brand”. Bevera graduated from Oxford University and also the founder of the car booking startup Myprepaidtaxi.com and peer-to-peer shipping startup Sendthrume.

In the A pre- series Funding round held in December 2016 among all the startups participated Fresh Food Concepts Pvt Ltd, which delivers the cold -pressed juice raised the funding of $2 million.

For the Latest tech news and reviews, follow MobileAppDaily on Twitter, Facebook, LinkedIN, Instagram and Flipboard.

Was this article helpful?

Quick Buzz
  • Twitter Lite for Android: Social Giant's Initiative to offer a Native Version of Twitter Mobile App
  • Nintendo to Test a New Update for iOS & Android Users for Super Mario Run
  • With over 730,000 Signature and Still Counting Uber Petition to Revoke London Ban is Going Viral
  • More than 40 Disney Apps are accused of spying on the Kids and stealing Information.
  • Google fires the Engineer who wrote the schismatic manifesto on gender diversity.
  • The Investor Benchmark says Uber could worth $100 billion in the next couple years.
  • YouTube added video sharing option and messaging feature to its app today.
  • Google is reportedly working on a news based system to rival Snapchat.

mobile app industry

Category

  • News

    140 Post