Food tech startup Yumist, has halted its Bangalore operations and has plans to focus only on NCR region.
In its blogpost, the company said, “We are halting our operations in Bangalore for the time being. The one and only reason behind this decision is that we are unable to take the same steps forward in Bangalore. We have been operating out of a rental kitchen in Bangalore since our launch there in August 2015. Not owning the kitchens limit our capability to innovate on the menu and the supply chain equating to a sub-par experience, not something that we want to provide our customers at Yumist.”
The startup has launched a 12,000 sq ft kitchen to serve the customers in NCR region. It also claims that their orders and revenue have doubled in the past three weeks.
Yumist was founded in 2014 by Alok Jain, former CMO at Zomato and Abhimanyu Maheshwari, a seasoned F&B entrepreneur. The startup is backed by Ronnie Screwvala’s fund Unilazer Ventures and Orios Venture Partners.
Ronnie Screwvala in a statement, said, “We have a great product at Yumist and it’s made a great connect with consumers and so it’s best to focus on one territory and the NCR territory is the largest in the country so this is a good step forward for the growth plans of Yumist.”