Company Name : Yumist
Funding Amount : $2million
Investor(s) Unilazer Ventures Orios VP. Steven Lurie.
Funding Round : Pre-Series A
Yumist, a full-stack food tech startup operating in the daily meals segment, has raised a Pre Series A round of $2 million led by Ronnie Screwvala’s fund Unilazer Ventures. The round also saw participation from existing investor Orios VP and Steven Lurie, a Valley based investor.
Yumist was founded in November 2014 by Alok Jain, a technology entrepreneur and Abhimanyu Maheshwari, a seasoned F&B entrepreneur.
They serve home-style meals prepped in their own kitchens at price points of Rs 65+. These meals can be ordered on their apps or website and arrives in 30 minutes.
Having piloted it’s offering in select localities of Gurgaon until March this year, Yumist quickly expanded to all of Gurgaon, Delhi and Bangalore.
The funds from the new round will be used to build the team, expand it’s footprint and create a brand.
Abhimanyu Maheshwari, Founder & COO at Yumist, said, “While everyone was writing off food-tech in India, we kept our heads down and focussed on building a profitably scalable business while staying true to the customer problem. This approach helped us grow organically and maintain a low cash burn. We are super excited to have Ronnie on board, his experience and guidance will be crucial as we take Yumist to the next level.”