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Street food restaurant chain Yumlok to raise USD 1 million

Monday, January 15, 2018, 12:00 Hrs  [IST]

According to a DNA report, street food restaurant chain Yumlok is in talks with investors to raise USD 1 million by the end of this fiscal to support its expansion plans. The company at present operates four outlets. It plans to open 50 outlets by 2020 across the country. Yumlok got an undisclosed amount of angel funding from Naman Sarawagi (who also invested in Cashfree and DailyNinja) and Ashish Agarwal (founder of Digital Harbor and member of Mumbai Angels) in 2016. 

The company plans to expand its footprint through a combination of company-owned and franchised outlets. Yumlok plans to open outlets in metros and tier-I and -II cities such as Ahmedabad, Kanpur, Lucknow, Bhopal, and Indore. Yumlok serves North Indian meal combos, Delhi-style chaats and some Indo- Western fusion dishes. 

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