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Yummy bags $18M as its expands delivery app across Latin America – FiratNews

Yummy bags $18M as its expands delivery app across Latin America – TechCrunch

Three months after asserting a $4 million seed spherical, Venezuelan supply tremendous app Yummy is again with an $18 million Sequence A spherical that may speed up the corporate’s proposed growth all through Latin America.

Anthos Capital led the newest spherical, with extra participation from JAM Fund, whose founder Justin Mateen was an investor within the seed spherical.

Yummy was began by Vicente Zavarce in 2020 and has amassed over 200,000 registered customers to this point. He got here to the US for college and stayed to work in advertising and marketing roles at Postmates, Wayfair and Getaround earlier than beginning Yummy. The app, which incorporates each supply and ridesharing, could be downloaded at no cost, and the corporate fees a supply charge or service provider charge.

Yummy, dark store, Peru

Yummy’s Lima, Peru darkish retailer, the primary exterior of Venezuela. Picture Credit: Yummy

“We will’t wait to be stay in each metropolis in Venezuela with each Yummy Supply and Yummy Rides, and proceed our growth throughout LatAM,” Zavarce stated through electronic mail. “We need to develop into part of everybody’s day by day life and put the native financial system within the palms of our customers, whereas making a solution to earn in U.S {dollars} for hundreds of Yummers and drivers.”

The corporate launched this month in Peru and Chile. Yummy plans to have 50 lively darkish shops in every nation by the tip of 2022, touting that it will likely be capable of ship greater than 2,000 merchandise in lower than quarter-hour.

It’s already processing over 340,000 month-to-month transactions in Venezuela, with a constant progress of over 35% for the previous 4 months. Yummy already has a community of over 5,000 drivers throughout its supply and ridesharing operation throughout 12 cities in Venezuela that make this doable.