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Venezuela’s Delivery App Yummy Raises USD $47M to Expand in Latin America!

Less than a year after taking its first funding, Latin American local on-demand delivery and transportation super app Yummy is back with an upsized round of $47 million.

The round was led by Anthos Capital, with the participation of JAM Fund, Soma Capital, WIND Ventures, Ethos Capital and YC Continuity. The new investment gives Yummy a total of $69 million in funding to date.

Yummy was founded in 2020 by CEO Vicente Zavarce, a Venezuelan native and former Postmates and Getaround director of user acquisition. It started out as a food-delivery app and was part of Y Combinator’s summer 2021 cohort.

Today, the free super app provides delivery of items — from food to medicine to clothing — ride-sharing, grocery delivery in under 20 minutes and the purchase of experiences like concerts and sporting events. The company has also moved on from its initial markets of Venezuela and Bolivia and into Peru and Panama, Zavarce told TechCrunch. In addition, it partnered with quick-serve restaurants, including KFC, Arturo’s and Burger Shack to provide exclusive offerings for customers.

This latest investment is nearly three times higher than the amount Yummy announced last October. Around this time last year, the company had about 200,000 registered super app users, and that now sits at 2.5 million users, Zavarce said. It is also providing thousands of gig worker jobs in the region.