Private Equity

Angel Investments

Packaged foods brand Yu raises $1-M

Entrackr  

Packaged foods brand Yu has raised USD 1 million in its pre-Series A round led by Manish Choksi and Varun Vakil, part of the Asian Paints promoter group. UK based hospitality group, Lalvani family; Nikhil Srivastava, head of India at PAG private equity; and Vishal Sampat, founder, Convonix also joined the round. Yu will use the funds to ramp up its operations and expand its presence across the country. Founded by Bharat Bhalla and Varun Kapur, Gurgaon-based Yu provides a range of instant and ready-to-make meal bowls with zero preservatives. Yu's products are currently available at over 100 retail outlets across Delhi NCR. The company also has an online presence on e-grocery platforms BigBasket and Swiggy.