Home / Companies / News / Instant food brand Yu raises Rs 20 cr funding for business expansion

Instant food brand Yu raises Rs 20 cr funding for business expansion

Company says it will 'aggressively expand' presence in US, Africa and West Asia

bank, credit, growth, loans, funding, capital, cash, m&a, payment

Premium

The funding round also saw participation from DPIITs Start Up India Seed Fund scheme which approved Yu under its Rs 945 crores program

BS Reporter New Delhi

2 min read Last Updated : Nov 15 2022 | 4:56 PM IST

Yu, the instant meal bowl brand owned by Ikayu Foods, has raised Rs 20 crore in series A funding through a mix of equity and venture debt. The round was led by investor Ashish Kacholia and saw participation from existing investors, Asian Paints’ promoter group Manish Choksi and Varun Vakil.

The company will use the money to double its capacity, ramp up distribution in India, and expand its footprint in Africa, West Asia and the US.

The funding round also saw participation from DPIITs Start Up India Seed Fund scheme which approved Yu under its Rs 945 crores program that

Topics : Akasa Air Food service sector instant noodles fundings Investment venture debt venture debt funds Equity funds food brands Fundraising fund raising SpiceJet

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in