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Foosto logo — Be Happy Foosto

Foosto

Be Happy Foosto

Founded 2018 Bangladesh Bangladesh 1 employees AI, Food and Beverage +2

General Information

Company Name Foosto
Founded Year 2018
Location Bangladesh Bangladesh +1
Employees 1
Industries AI, Food and Beverage, Marketplaces +1
Social

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About Foosto

Foosto is a platform catering to the love for homemade delicacies, positioning itself with the slogan "Be Happy Foosto." The company targets Dhaka, the capital city of Bangladesh, with a projected population of 20 million set to surge to 25 million by 2030. With Bangladesh's economy expected to be among the top three fastest growing economies globally by 2030, the market potential is significant. Specifically, Foosto targets the middle-class demographic in Dhaka, a segment with high smartphone penetration and a fast-paced lifestyle, leading to a reliance on eating out, especially during lunch hours. This presents an opportunity to offer a convenient, direct, and easy access to quality homemade food, tapping into the untapped market demand with relatively few existing suppliers. Moreover, the platform integrates skilled home-chefs, primarily comprising the unused female labor force possessing excellent cooking skills, thereby empowering them to work from home and improve their standard of living. Given the population size, purchasing power, and market nature of Dhaka, Foosto has identified it as a lucrative market for its operations. The company, founded in 2018, operates within the Food and Beverage industry, with its headquarters in Bangladesh. With no publicly disclosed information on the last investment and investors, Foosto's potential and growth trajectory could become even more compelling with strategic investment and partnerships, leveraging the burgeoning market and unique social impact model. In summary, Foosto's strategic positioning, leveraging the burgeoning market, and its unique model that empowers home chefs make it an intriguing venture for potential investors seeking exposure in the thriving food and beverage industry in Bangladesh.

Taxonomy: home-made food, food marketplace, Dhaka market, home chefs, Bangladesh economy, mobile application, deep learning technology, AI-based solution, startup business, middle class market, market penetration, local culinary talent, empowering women, convenience, direct-to-consumer

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FAQ About Foosto

Be Happy Foosto
Foosto was founded in 2018.
Foosto is headquartered in Bangladesh.
Foosto operates in the following industries: AI, Food and Beverage, Marketplaces, Machine Learning.
Foosto has approximately 1 employees.

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