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Yumist

Delicious and homely meals available in under 30 minutes through the use of technology and a sophisticated logistics infrastructure.

Categories

Foodtech, E-commerce, Logistics,

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Reasons for Shutdown

Lack of Funds

Yumist failed to raise the capital needed to continue its heavy expansion

The company expanded too quickly, from first launching in Gurgaon, then subsequent branches in Delhi and Bangalore.
Unfortunately, they failed to raise the capital needed to continue running the business.

Poor Business Model

After expanding, the supply and demand didn't match in the newer locations

The local supply and demand for Yumist's services did not match, while still maintaining a high logistical cost to run the business. In their Bengaluru branch, they also didn't own a kitchen facility to provide quality service to its customers in the area.

Direct Competitors and Similar Companies

Note: Direct competitors are defined by similarity score of more than 40%, while similar companies are defined by similarity score of less than 40%

No.	Name	Similarity score	Description	Industry	Categories	Location	Ownership status	Entity type	Stage of development	Transactional model type	Defensibility moats	Last financing round	Total raised	Post-money valuation	Last financing date	No. of funding round(s)	No. of investors	Investors	Total revenue	Market capitalization	No. of investments	No. of acquisitions	No. of board seats taken	Competition	Management	No. of employees	Company reputation	Contact info	Operational status	Operational duration	Shutdown date	Founded date	Legal name	Former legal name(s)	Ticker
1.	InnerChef	32.8%	A foodtech company that offered online food discovery and delivery through a mobile app.	Food & Beverages	Foodtech, Food Delivery, Mobile Applications, Applications, Online Portals	India	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100-250	-	-	Inactive	-	-	2015	-	-	-
2.	Eatonomist	15.5%	An online food delivery startup that used to deliver meals prepared in its own kitchen.	Food & Beverages	E-Commerce, Foodtech, Delivery	India	-	-	-	-	-	Seed	-	-	-	-	-	-	-	-	-	-	-	-	-	1-10	-	-	Inactive	-	-	2014	-	-	-
3.	Eatlo	14.2%	Tasty awesome food designed and prepared by Pro-Chefs.	Food & Beverages	Foodtech, Delivery, Restaurants	India	-	-	-	-	-	Seed	-	-	-	-	-	-	-	-	-	-	-	-	-	100-250	-	-	Inactive	-	-	2014	-	-	-
4.	Dinnr	13.2%	An online platform that delivered ingredients with a recipe to create meals at home.	Food & Beverages	Delivery, Hospitality, E-Commerce	United Kingdom	-	-	-	-	-	Seed	-	-	-	-	-	-	-	-	-	-	-	-	-	1-10	-	-	Inactive	-	-	2012	-	-	-
5.	Maple	10.4%	Food delivery service that paired the best chefs in the city with top-flight technology and logistics.	Food & Beverages	Food Distributors, Logistics, Delivery	United States	-	-	-	-	-	M&A	-	-	-	-	-	-	-	-	-	-	-	-	-	100-250	-	-	Inactive	-	-	2014	-	-	-
6.	Doughbies	10.3%	An on-demand cookie delivery startup.	Food & Beverages	Applications, E-Commerce, Logistics	United States	-	-	-	-	-	Seed	-	-	-	-	-	-	-	-	-	-	-	-	-	10-50	-	-	Inactive	-	-	2014	-	-	-
7.	Zume Pizza	8.0%	A food delivery company that operated an automated pizza delivery platform.	Food & Beverages	Robotics, Food Delivery, Foodtech	United States	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100-250	-	-	Inactive	-	-	2015	-	-	-
8.	Pilotworks	6.3%	Operated high fidelity culinary incubators.	Food & Beverages	Startup, Foodtech, Technology	United States	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1-10	-	-	Inactive	-	-	2015	-	-	-

Investors

No.	Name	Investor type	Description	Location	Preferred investment stage(s)	Stages invested in	Assets under management (AUM)	Investment range	Investment sweet spot	Preferred investment focus	Preferred investment geography	No. of investments	No. of lead investments	No. of follow-on investments	No. of co-investments	Portfolio companies	No. of exits	Total exit value	No. of failed investments	Loss on investments	No. of acquisitions	No. of board seats taken	No. of funds	Limited partners	Co-investors	No. of partners	Partners	No. of employees	Management	Board members	Founders	Investor reputation	Contact info	Entity type	Legal name	Former legal name(s)	Founded date	Ticker
1.	Unilazer Ventures	-	Unilazer Ventures is a Mumbai-based private equity and venture capital firm specialized in early- and late-stage investments.	India	-	-	-	$ 1M - $ 20M	-	Consumer	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
2.	Steven Lurie	-	-	-	-	8.0	-	$100k - $500k	$250k	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
3.	Orios Venture Partners	-	Orios Venture Partners is an early stage venture fund which primarily invests in software and technology enabled startups.	India	-	-	-	$ 1M -	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Leadership

No.	Image	Name	Previous designation	Previous company	Previous biography	Previous profile type	Previous location	Experience	Education	Reputation	Current company	Current designation	Current biography	Current profile type	Current location	No. of investments	No. of exits	Total exit value	No. of board seats taken	Contact info
1.		Abhimanyu Maheshwari	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
2.		Alok Jain	Co-Founder	-	-	-	-	-	-	-	Totkare	-	-	-	-	-	-	-	-	-

Funding

No.	Financing date	Financing round	Total amount raised	Post-money valuation	Financial viability	Financing type	No. of investors	Board seats	Lead investors	Entity type	Financing status
1.	1 Apr 2017	Seed Round	USD 386.3K	-	-	-	1	-	-	-	Completed
2.	9 Dec 2015	Seed Round	USD 2M	-	-	-	3	-	-	-	Completed
3.	2 Feb 2015	Seed Round	USD 1M	-	-	-	1	-	-	-	Completed