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Dairytech Startup Frubon Bags Series A Funding To Grow Retail Footprint Across North India
News

Dairy Startup Frubon Bags Series A Funding To Grow Retail Footprint Ac...

Dev Milk Foods, a startup which sells ice…
13th February, 2024
DoT Kicks Off Shark Tank-Style Funding Initiative To Connect Startups With VCs
News

DoT Kicks Off Shark Tank-Style Funding Initiative To Connect Startups ...

In an effort to foster India’s tech businesses, the telecom department has…
13th February, 2024
Supertails Nets $15 Mn To Expand Healthcare Offerings For Pets, Offline Foray
News

Supertails Nets $15 Mn To Expand Healthcare Offerings For Pets, Offlin...

Bengaluru-based pet care marketplace Supertails has raised $15 Mn (around INR125 Cr)…
13th February, 2024
Happi Planet Bags Funding From Fireside Ventures To Offer Non-Toxic Home Care Products
News

Happi Planet Bags Funding From Fireside Ventures To Offer Non-Toxic Ho...

D2C homecare startup Happi Planet has raised INR 8.47 Cr (about $1…
13th February, 2024
Fintech SaaS Solutions Provider Trust Fintech Files DRHP For NSE Emerge Listing
News

Fintech SaaS Solutions Provider Trust Fintech Files DRHP For NSE Emerg...

Fintech SaaS company Trust Fintech Limited had filed its Draft Red Herring…
12th February, 2024
HAF.VC Launches INR 150 Cr Maiden Fund To Back AI Startups
News

Hyderabad Angels Floats INR 150 Cr Maiden Fund To Back Early Stage AI ...

Hyderabad Angels, a platform which connects angel investors and entrepreneurs with innovative…
12th February, 2024
News

[Update] Astrotalk Raises $20 Mn From Left Lane Capital To Expand Inte...

Update | February 12, 05:00 PM Online astrology platform Astrotalk confirmed that…
12th February, 2024
Direct to consumer (D2C) food brand Yu has secured INR 20 Cr (around $2.4 Mn) in a Series A funding round led by angel investor Ashish Kacholia and Asian Paints Promoter Group (Manish Choksi and Varun Vakil). The startup will use the fresh funding to scale up its manufacturing capacity while entering multiple product categories and segments both domestically and globally. Founded by Bharat Bhalla and Varun Kapur, Yu offers breakfast, lunch and dinner meal bowls. It offers more than 25 instant food products, including noodles, pastas, desserts and halwa, among others. “Since the last fundraise, Yu has grown exponentially having deepened its penetrated in the Indian market and opened up several export markets like South Africa where Yu now has a nationwide presence,” Bhalla and Kapur said in a joint statement. In the South African market, Yu claims to have 2,000 stores. Additionally, the brand is also present across the Middle East and Australian markets. Currently, in the beverage category Yu sells coconut water and this summer, the brand aims to expand its beverage portfolio. Yu operates through an omnichannel mode with more than 6,500 stores across India. It aims to set up a nationwide distribution network within the next 12 months. The brand claims to have achieved over 200% Q-o-Q growth on the back of sales of 1.5 Mn units in Q3 FY24. Last year, it roped in cricketer Hardik Pandya as an investor and brand ambassador. Back then, it said that it achieved 40% of its sales from online channels, 10% from exports and the remaining 50% is equally divided between offline and online channels. The startup also counts Sameer Mehta (Founder of Boat), Srikrishna Dwaram (Partner, True North Private Equity), Nikhil Srivastava (PAG Private Equity) and DPIITs Start Up India Seed Fund among its investors. Yu’s products compete against the likes of Nestle’s Maggi, Orkla’s MTR Foods and ITC’s Sunfeast among other major players. As per Inc42’s analysis, India’s D2C market is poised to grow to $68 Bn by 2030 at a 25% CAGR.
News

D2C Brand Yu Raises Capital To Expand Food Products Portfolio

Direct to consumer (D2C) food brand Yu has secured INR 20 Cr…
12th February, 2024
News

Amber Bags $21 Mn To Expand Accommodation Offerings For Students

Student accommodation platform Amber has secured $21 Mn (INR 175 Cr) in…
12th February, 2024
IIT-Madras To Host 7th Edition Of Annual Fundraising Event To Back Early Stage Startups
News

IIT-Madras To Host 7th Edition Of Annual Fundraising Event To Back Ear...

IIT-Madras is all set to host the seventh edition of its pan-India…
Exclusive: D2C Startup Blissclub Fires About 18% Workforce To Cut Costs
News

Exclusive: D2C Startup Blissclub Fires About 18% Workforce To Cut Cost...

Bengaluru-based fashion apparel startup Blissclub laid off around 21 employees, or 18%…
9th February, 2024
Darwinbox, Cult.fit Backer Endiya Partners To Launch Third Fund With Over $100 Mn Corpus
News

Orient Growth Ventures Marks Close Of Second India and Southeast Asia ...

Dutch venture capital firm Orient Growth Ventures has marked the closure of…
9th February, 2024
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