Yumist Is Rumoured To Be Looking To Raise $2 Million

After having shut down ins Bangalore operations in May, daily meal service Yumist is rumoured to be in talks with investors to raise $2 million. According to several reports, Yumist will use this funding to expand its operations in the Delhi-NCR region.

What Yumist Does

Founded in November 2014 by Alok Jain and Abhimanyu Maheshwari, Yumist prepares and delivers home-style meals including dishes like Pindi Chana, Ghar Wali Aloo Sabjee, Lasooni Daland Chicken Kalimirch at pocket friendly prices.

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Yumist is backed by Ronnie Screwvala’s Unilazer Ventures and Rehan Yar Khan’s Orios Venture Partners; in 2015, the company raised $2 million in a funding round lead by Unilazer Ventures.

Looking To Expand

In May, Yumist shut down its Bangalore operations. However, it appears that it is once again looking to expand – two sources who wanted to remain unnamed told LiveMint that the company is in talks with venture capital investors to raise funding.

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“They are in the market and are talking to various investors, looking to raise at least $2 million. The idea is to significantly scale up their operations in Delhi-NCR (national capital region),” said one of the sources.
However, Yumist has not made an official comment about the rumours.