Consumer foods startup Yu Foodlabs $2.47 million in its series A led by ace investor Ashish Kacholia

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Consumer foods startup Yu Foodlabs $2.47 million in its series A in a mix of of equity and debt led by ace investor Ashish Kacholia where existing investors Asian Paints Promoter Group (Manish Choksi and Varun Vakil) also participated in the round with the Department for Promotion of Industry and Internal Trade’s (DPIIT’s) Startup India Seed Fund also participated.

Yu Foodlabs has created a line of 15 products in the noodles, pastas, oats, and halwa categories that can be prepared in 4-5 minutes by simply adding hot water. Yu is the brand name for the products. The products’ brand name is Yu. With the additional funding, the startup will be able to increase offline and online distribution in India and further its global expansion into markets like the US, the Middle East, and Africa. There are currently more than 100 people working for it. Over the next 12 months, Yu Foodlabs hopes to introduce 10 more products to broaden its product line.

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Consumer foods startup Yu Foodlabs $2.47 million in its series A led by ace investor Ashish Kacholia

Consumer foods startup Yu Foodlabs $2.47 million in its series A in a mix of of equity and debt led by ace investor Ashish Kacholia where existing investors Asian Paints Promoter Group (Manish Choksi and Varun Vakil) also participated in the round with the Department for Promotion of Industry and Internal Trade’s (DPIIT’s) Startup India Seed Fund also participated.

Yu Foodlabs has created a line of 15 products in the noodles, pastas, oats, and halwa categories that can be prepared in 4-5 minutes by simply adding hot water. Yu is the brand name for the products. The products’ brand name is Yu. With the additional funding, the startup will be able to increase offline and online distribution in India and further its global expansion into markets like the US, the Middle East, and Africa. There are currently more than 100 people working for it. Over the next 12 months, Yu Foodlabs hopes to introduce 10 more products to broaden its product line.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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