HomeBrazilYummy Raises $47 Million in Funding

Yummy Raises $47 Million in Funding

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Yummy

Yummy, a provider of an on-demand delivery and transportation app in Venezuela and Bolivia, raised $47 million in its latest financing.

The round was led by Anthos Capital, with the participation of JAM Fund, Soma Capital, WIND Ventures, Ethos Capital, and YC Continuity. In connection with this financing, Barney Harford, former COO of Uber Technologies and CEO of Orbitz Worldwide, has been appointed to the Yummy board of directors.

The company intends to use the funds to enhance its product offering, increasing density and expanding coverage.

Founded in 2020 by Venezuelan native and former Postmates and Getaround Director of User Acquisition Vicente Zavarce, Yummy is a provider of on-demand delivery and transportation in Venezuela and Bolivia, allowing users to order anything and go anywhere at the click of a button. After gaining quick traction, the company expanded and is seeing strong adoption in Peru and Panama.

Through its app, Yummy gives users one place to get fast delivery of everything from food to clothing, move around with its ridesharing product, get groceries in under 20 minutes, and purchase experiences ranging from concerts to sporting events. Within its restaurant offering, Yummy has reached exclusivity agreements with QSR brands including KFC, Arturo’s, and Burger Shack providing its users with exciting options they can’t get anywhere else.

In just two years of operations, the company has grown to process 800,000 monthly transactions, has 2.5M registered users, and continues to grow +40% in orders QoQ, generating thousands of jobs for gig economy workers in the region.

FinSMEs

03/06/2022