Yummy, an Indonesia-based cloud kitchen management company, has raised $12 million in its series B round led by internet group SoftBank Ventures Asia and including drinks company Coca-Cola’s Australian corporate venturing unit, Amatil X.
Other participants in the round included venture capital firms Intudo Ventures, Sovereign’s Capital, Vectr Ventures, AppWorks, Quest Ventures and Palm Drive Capital.
Launched in June 2019, Yummy has in total raised $19.5m.
Mario Suntanu, co-founder and CEO of Yummy, told news provider TechCrunch the capital would be used to expand Yummykitchen into more major cities and on developing its tech platform, including data analytics.
Harris Yang, southeast Asia associate at SoftBank Ventures Asia, said the firm invested in Yummy because “given the company’s strong expertise in the F&B industry and unique value proposition to brands, we believe that Yummy will continue to be the leader in this space.”
