SStartup Funding

Yummy raises $4M to become Venezuelan ‘super-app’

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LatamList – Yummy, a Venezuelan food delivery app, raised a $4M funding round from Y Combinator, Justin Mateen, Canary, Hustle Fund, Necessary Ventures, and the co-founders of TaskUs.

Yummy is the first food delivery app in Venezuela and is completely free. The app expanded into other verticals including grocery, pharmacy, shopping, and ride-sharing and is receiving more than 70,000 monthly orders.

“Yummy has quickly become the No.1 super app in Venezuela and proven that the team can scale the business in a difficult territory,” said Mateen, co-founder of Tinder.

The startup reached $1M in monthly gross merchandise volume and grew 38% in revenue each month. Yummy is now available in five of Venezuela’s major cities and plans to expand into other countries in the region.

Read more on TechCrunch.

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Katie joined LatamList as an intern during her Year Abroad in Latin America and became a Content Writer after finishing her time with Magma Partners. She is in her final year at Exeter University, United Kingdom, where she studies English Literature and Spanish Language. Katie believes in the importance of the global newsroom and is passionate about foreign correspondency and conflict journalism.

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