Yumist looks to stretch its arms in other Indian cities
Yumist looks to stretch its arms in other Indian cities

Yumist, a Delhi-based food tech start-up, which operates in the daily meals segment, is planning to raise 2 million USD to scale up operations, as per the sources (who do not want to named) reveal.

One of the sources also said that right now they are looking for investors, who can help them raise 2 million USD. The idea behind this is to scale up its operations on Delhi-NCR (national capital region).

It is known for serving home-style meals, prepared in its own kitchens. Recently it has opened a 12, 000 square feet kitchen to serve the Delhi-NCR market.

The food tech start-up is backed by Ronnie Screwvala's fund Unilazer Ventures and Rehan Yar Khan's Orios Venture Partners.

In December 2015, Yumist raised $2 million in a round led by Unilazer Ventures. Existing investor Orios Venture Partners also participated in the round.

As per the statements of the second source, even after shutting down its Bengaluru operations, the company is still planning to spread its arms in the other states and cities to serve its food.

He also added that the sector has gone through a lot in the last one year, which has reduced the competition in the food-tech space. Thus it hopes to get a scope for the surviving start-ups at expanding their operations.

 
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