When Jaydeep Barman started Faasos in 2010, it was a single QSR brand aiming to take on McDonalds. Twelve years later, his goal remains the same — creating the world’s largest restaurant company — but he is using a different route that involves a multi-brand portfolio and an online-first approach.
Rebel Foods, which owns Faasos, has tried almost every business model in the restaurant space. It has opened outlets, built a stable of private brands like Oven Story and Behrouz Biryani and licensed or acquired established businesses like Anand Sweets, Samosa Singh and Wendy’s India operations. It is also present in international markets, including Indonesia and London.
Barman has not done this alone. He counts on a key group of people who joined Rebel at an early stage and stuck around, propping up parts of the business which needed intervention the most at a particular time. He describes forming a versatile team as an important trait of the founder mentality.
“A founder mentality essentially means that if there is a big problem that needs to be solved, I will take it up. If that problem means that I must hire my own boss or someone at a higher salary than me, if it means that I am running a big team but must now pick up something very small and grow it, I will take that decision,” Barman told The CapTable, explaining how he built Rebel into a billion-dollar company.
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