Hotline: 1800 102 2007
Search Business Opportunities
Feb, 02 2015

Yumist raises Rs 6.2 crore from Orios Venture Partners

Yumist, a food tech startup, raises first round of funding from Orios Venture Partners to disrupt how and what you eat at office.

Yumist, a food delivery startup operational in Gurgaon since Oct 2014, has raised it's first round of funding from Orios Venture Partners.

Yumist, founded by Alok Jain (a tech entrepreneur & ex-CMO at Zomato) and Abhimanyu Maheshwari (a seasoned F&B entrepreneur), has raised approximately 6.2 crore ($1 million) from Oriors Venture Partners.

The tech start-up is focusing on providing easy access to tasty and homely daily-meals.

A unique combination of food, logistics and tech, Yumist allows it's customers to place orders in a few seconds through it's Android app and the meal is delivered hot in under 30 minutes.

"The average ordering time on our app is 25 seconds and the average delivery time is 19 minutes so far. We are trying to redefine how and what people eat at offices with quality and convenience being at the top of our agenda", said Alok Jain, Founder & CEO, Yumist.

With options like Rajma Chawal, Chicken Chawal, Aloo Parathe, etc Yumist is catering to the low priced daily meals market, and using technology to solve the challenges faced by customers in this market.

Abhimanyu, Founder & COO, Yumist, said "Every meal offered by us goes through rigorous trials and quality controls before making it's appearance on the Yumist menu. Food has to arrive at your desk at a specific temperature and texture and we have a sophisticated, constantly evolving supply chain in place to ensure that".

Over the past few months, Yumist has been piloting its offering in Cyber City, Gurgaon. Having achieved a proof of concept, they are now looking to expand aggressively across NCR and beyond.

Yumist seems to have cracked a low CAPEX and OPEX model that will allow them to grow across geographies rapidly.

"Our view is that the customer wants home style reasonably priced meals where quality is a must. Alok and Abhimanyu have understood that and created a scalable business model that can address this really large need and we are excited to partner them" said Sumir Verma, Venture Partner, Orios.

Yumist will use the funding to grow it’s team, expand geographically and build it’s production, technology and delivery infrastructure.

“We are excited to partner with Orios on this journey. They bring a ton of experience in tech, food and logistics which is a tremendous value addition for us”, said Alok.

Related opportunities
  • Quick Service Restaurants
    MR & MRS IDLY - a QSR business model for..
    Locations looking for expansion Tamil Nadu
    Establishment year 2007
    Franchising Launch Date 2008
    Investment size Rs. 5lac - 10lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Chennai Tamil Nadu
  • Fine Dine Restaurants
    Want to run your own traditional food family restaurants? Partner..
    Locations looking for expansion Lakshadweep
    Establishment year 1974
    Franchising Launch Date 2012
    Investment size Rs. 2lac - 5lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Lakshadweep Lakshadweep
  • Casual dine Restaurants
    About:The first Kenny Rogers restaurant was opened in coral spring,..
    Locations looking for expansion New Delhi
    Establishment year 1991
    Franchising Launch Date 2017
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 1200 - 2000 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
  • Others Dealers And Distributors
    Oswaal Books is India’s fastest growing publishing house, started by..
    Locations looking for expansion Delhi
    Establishment year 1984
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities