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Food-tech startup Yumist shuts shop as funding dries

on Oct 03, 2017
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Founded in 2014, by ex-Zomato chief marketing officer Alok Jain, the company had raised close to USD 3 million from investors such as Unilazer Ventures and Orios Venture Partners.Yumist provided on demand meals in a box from its own kitchen focused in Delhi NCR region.The company’s founder and CEO Alok Jain announced in a blog post last week that the company had tried multiple iterations across the supply chain to achieve profitability.“We failed to raise the kind of capital that this business required while staying true to the customer problem,” he said.

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