Chef Crafted Instant Food Brand Yu raises Rs 20Cr in a follow-on Series A round
Chef Crafted Instant Food Brand Yu has secured Rs 20 crore in a follow-on Series A funding round led by Ashish Kacholia and Asian Paints Promoter Group. The funds will be used to scale up manufacturing capacity and expand into multiple product categories and segments. Yu aims to establish a nationwide distribution network in India and further solidify its presence in South Africa. The company offers a range of 100% natural instant food products using advanced lyophilization technology. It has witnessed significant growth and achieved sales of 1.5 million units in Q3-FY24.