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Yumist raises $2M from Unilazer Ventures, Orios VP & Steven Lurie

Yumist

Online home food ordering startup Yumist has raised pre-Series A funding worth $2 million led by Unilazer Ventures, with participation from existing investor Orios Venture Partners and Steven Lurie, a Silicon Valley based investor. Yumist will use the funds for building its team, expansion and marketing. In February, the company had raised seed funding worth $1 million from Orios Venture Partners.

Abhimanyu Maheshwari, co-founder and COO of Yumist said in a press statement that the company focused on building a profitable and scalable business, grew organically and maintained a low cash burn. As of now, the company operates in Gurgaon, South Delhi and Bangalore, where it launched operations in August.

Yumist was founded by Alok Jain (ex-CMO at Zomato) and Abhimanyu Maheshwari in November last year and was in pilot phase until March this year. It serves lunch, snacks and dinner items made in its kitchens and starting at Rs 65, with a delivery time of 30 minutes. In October, the company started taking orders from its website as well, after an initial app-only approach, stating that allowing web orders enabled it to reach a wider audience as its customers were mostly from offices.

Competition:

– Last month, InnerChef has appointed Sanjeev Singhal as its CTO. In September, it had raised $1.6 million in pre-series A funding from multiple investors, for expansion and launching 10 new centers in Bangalore, Delhi and Mumbai.

– In October, ZuperMeal, a mobile-only home-cooked food aggregator raised $2 million in seed funding from Sanjeev Kapoor, Ravi Saxena and two unnamed foreign investors.

– In September, Ratan Tata invested an undisclosed amount in the online food delivery platform Holachef. Prior to this, Holachef had raised Rs 20 crore from Kalaari Capital and existing investor India Quotient in June. The company also raised Rs 2 crore in seed funding from India Quotient in February.

– In the same month, TinyOwl extended its Homemade services to Bengaluru, before which it had done a pilot project in the city. However, it is not clear if TinyOwl shut down the Homemade service in Bangalore after it closed operations in 4 cities.

– Yumist also competes with FoodCloud, WatsCooking, TLCKitchen, iTiffin, CyberChef and Kitchensfood among others.

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    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ