Yummy raises $47 million in funding


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 use the funds to expand its product range, increase density and expand 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.

Yummy’s app allows users to order food and clothing fast, use its ridesharing service to move around, pick up groceries in less than 20 minutes, purchase experiences ranging anywhere from concerts to sporting events, and get everything delivered to their door. 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.

Within two years, the company processed 800,000.00 transactions monthly, had 2.5M registered users, and continues its growth of +40% orders QoQ. This creates thousands of gig economy workers in the area.

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