Yummy bags $18M as its expands delivery app across Latin America – TechCrunch


Three months after saying a $4 million seed round, Venezuelan delivery tremendous app Yummy is again with an $18 million Series A spherical that can speed up the corporate’s proposed enlargement all through Latin America.

Anthos Capital led the newest spherical, with further participation from JAM Fund, whose founder Justin Mateen was an investor within the seed spherical.

Yummy was began by Vicente Zavarce in 2020 and has amassed over 200,000 registered customers to this point. He got here to the United States for college and stayed to work in advertising roles at Postmates, Wayfair and Getaround earlier than beginning Yummy. The app, which incorporates each delivery and ridesharing, might be downloaded at no cost, and the corporate costs a delivery price or service provider price.

Yummy, dark store, Peru

Yummy’s Lima, Peru darkish retailer, the primary outdoors of Venezuela. Image Credits: Yummy

“We can’t wait to be live in every city in Venezuela with both Yummy Delivery and Yummy Rides, and continue our expansion across LatAM,” Zavarce stated through e-mail. “We want to become a part of everyone’s daily life and put the local economy in the hands of our users, while creating a way to earn in U.S dollars for thousands of Yummers and drivers.”

The firm launched this month in Peru and Chile. Yummy plans to have 50 energetic darkish shops in every nation by the top of 2022, touting that it is going to be capable of ship greater than 2,000 merchandise in lower than quarter-hour.

It is already processing over 340,000 month-to-month transactions in Venezuela, with a constant development of over 35% for the previous 4 months. Yummy already has a community of over 5,000 drivers across its delivery and ridesharing operation across 12 cities in Venezuela that make this doable.



Source: techcrunch.com