Foodtech Startup Yumist To Shut Down

Gurugram-based cloud kitchen start-up Yumist, which cooked its own meals and delivered it to customers, is shutting down as it failed to raise fresh capital to survive in a competitive market. The company announced its decision in a blog post. Yumist was founded in 2014 by former CMO of Zomato Alok Jain and Abhimanyu Maheswari. It was backed by Ronnie Screwvala’s fund Unilazer Ventures and Orios Venture Partners