Yumlane raises $1mn from Singapores Jetty Ventures

The Mumbai based cloud kitchen platform will use the proceeds to expand to new cities and ramp up hiring.

Mumbai based cloud kitchen platform Yumlane raised $1million from Singapore based Jetty Ventures. Yumlane will use the proceeds to expand to new cities and ramp up hiring.

Yumlane, which originally was set up as a packaged consumer food brand, offering hot snacks and meals such as momo, and pizzas across retail points, has now pivoted to a cloud kitchen business, the company said in a statement.

The four-year-old company currently operates an estimated 30 cloud kitchens across Bengaluru and Pune.

Chirag Meswani, Managing Partner, Jetty Ventures, said: “Both global and Indian markets have shown a clear consumer preference towards order-in for non-occasional meals. The F&B industry has seen the QSR format carve a significant share in the eat-out food services space especially in the organised chain segment. Conditions are right for order-in preference to carve a large share in the overall market.”