• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Skip to navigation
Close Ad

The Spoon

Daily news and analysis about the food tech revolution

  • Home
  • Podcasts
  • Events
  • Newsletter
  • Connect
    • Custom Events
    • Slack
    • RSS
    • Send us a Tip
  • Advertise
  • Consulting
  • About
The Spoon
  • Home
  • Podcasts
  • Newsletter
  • Events
  • Advertise
  • About

Yummy Corporation Raises $12M to Expand Its Ghost Kitchen Network

by Jennifer Marston
September 25, 2020September 25, 2020Filed under:
  • Business of Food
  • Cloud Kitchens
  • Delivery & Commerce
  • Featured
  • Funding
  • Click to share on Twitter (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to email this to a friend (Opens in new window)

Indonesia-based cloud kitchen management company Yummy Corporation has raised a $12 million Series B round of funding, according to a report from TechCrunch. The round was led by SoftBank Ventures Asia and included participation from new investors AppWorks, Coca Cola Amatil X, Palm Drive Capital, Quest Ventures, and Vectr Ventures. Also participating were existing investors Intudo Ventures and Sovereign’s Capital.

Founded in 2019, Yummy operates a network of fully managed delivery-only kitchens across Jakarta. It rents space to existing food and bev brands, providing them kitchen infrastructure as well as the necessary staff to assist in fulfilling delivery and takeout orders.

The company says it will use the new funds to expand into other cities and further develop its tech platform. 

Which cities Yummy next heads to is yet to be announced, but if they’re anywhere in Southeast Asia, the company will face plenty of competition. Food delivery service GrabFood already operates over 50 ghost kitchens across countries in the region, including Indonesia. Delivery service Gojek also has ghost kitchens in Indonesia and other countries in Southeast Asia and India. 

Earlier this year, Euromonitor said the global ghost kitchen market could be worth $1 trillion by 2030. That may be an absurdly optimistic number, but there’s no denying the popularity of the ghost kitchen particularly since the pandemic forced most of the world into lockdown and turned the traditional restaurant model on its head. In the last few months alone, we’ve seen numerous sizable fundraising rounds from ghost kitchen companies all over the world as well as more networks of virtual restaurants come to market.

Yummy Corporation raised a $7.8 million Series A round in 2019. This new round brings the company’s total funding to $19.8 million.

 


Related

Get the Spoon in your inbox

Just enter your email and we’ll take care of the rest:

Find us on some of these other platforms:

  • Apple Podcasts
  • Spotify
Tagged:
  • delivery
  • Ghost Kitchens
  • Gojek
  • GrabFood
  • third-party delivery
  • Yummy Corporation

Post navigation

Previous Post Mosa Meat Raises $55M for Cell-Based Burgers
Next Post Three Food Tech Gadgets I Don’t Need — and Totally Want

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Get The Spoon in Your Inbox

The Spoon Podcast Network!

Feed your mind! Subscribe to one of our podcasts!

Nearly Seven Years After Launching Kickstarter, Silo Finally Delivers Next-Gen Home Food Storage System
What Flavor Unlocks
Starbucks Unveils Green Dot Assist, a Generative AI Virtual Assistant for Coffee Shop Employees
Impulse Announces Its Battery-Integrated Cooktop Becomes First Certified to Applicable UL Safety Standards
Tasting Cultivated Seafood in London’s East-end

Footer

  • About
  • Sponsor the Spoon
  • The Spoon Events
  • Spoon Plus

© 2016–2025 The Spoon. All rights reserved.

  • Facebook
  • Instagram
  • LinkedIn
  • RSS
  • Twitter
  • YouTube
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.