VC Fund Investments
Cafe chain Yummy Bee raises Rs.11-Cr from Mile Deep Capital, others
Hyderabad-based ‘guilt-free indulgence’ cafe chain Yummy Bee has raised INR 11 crore in the most recent round of funding, led by Mile Deep Capital with participation from investors such as Mohan Krishna, Ajitha Challa, and Praveen Jaipuriar. It has raised INR 18 crore in total.Founded in 2022 by Sandeep Jangala, Yummy Bee offers sugar-free, gluten-free, preservative-free menu items and signature desserts. It currently operates outlets in Hyderabad and is set to expand its range of consumer packaged goods (CPG) for the FMCG market with new products being added such as millet puffs and almond rocks. The firm aspires to have an annualized recurring revenue of INR 50 crore by March 2026 and plans to expand to 20 outlets across India by the end of the year.The fresh funds will be used for the firm's expansion into Mumbai and Bengaluru, and establish the base for Consumer Packaged Goods (CPG) for the FMCG market.
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