Instant food startup Yu raises $7.2M Series B funding led by Ashish Kacholia and Asian Paints Promoter Group for expansion and revenue growth.
Instant food startup Yu has secured Rs 55 crore ($7.2 million) in Series B funding, led by Ashish Kacholia and Asian Paints Promoter Group. The investment offers seed-stage investors a 4x return. Yu plans to enhance distribution, expand its food line, and introduce new fruit juices, aiming for a 3x revenue growth within two years. The brand currently operates in over 7,500 stores in India and 2,000 in South Africa.
October 18, 2024
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