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§ Private Profile · Caracas, Venezuela
The everything app for LATAM
Yummy has raised $83.0M across 4 funding rounds.
Key people at Yummy.
Yummy was founded in 2020 by Vicente Zavarce (Founder).
Yummy has raised $83.0M in total across 4 funding rounds.
Yummy is the largest ridesharing and delivery platform in Venezuela. The company processes over 16 million yearly orders, and also offers a bundle of merchant-enablement services through its Yummy delivery hub including e-commerce stores and whatsapp sales automation for SMBs.
Yummy is a Latin American super app founded in 2020 that integrates ridesharing, food delivery, grocery delivery, and merchant services into a single platform primarily serving Venezuela and expanding into countries like Peru, Panama, Bolivia, Chile, and Ecuador[1][2][3]. It addresses the challenge of low e-commerce penetration in Latin America by offering fast, convenient delivery and transportation solutions, alongside tools that help small and medium businesses digitize sales and automate customer engagement via WhatsApp[1][3]. Yummy has experienced rapid growth, scaling from 200,000 users to 2.5 million and processing over 16 million orders annually, with a 40% quarter-over-quarter growth rate and thousands of gig workers employed across the region[1][2][5].
Yummy was founded in 2020 by Vicente Zavarce, a Venezuelan entrepreneur with prior experience leading user acquisition at Postmates and Getaround[1][2][5]. The idea emerged from the absence of delivery and ridesharing apps in Venezuela, prompting Zavarce to leverage his expertise to build the country’s first and largest food delivery and ridesharing platform[4][5]. Early traction was strong, with Yummy quickly capturing a 55% market share in Caracas and expanding to other major Venezuelan cities before broadening its footprint internationally[4]. Admission to Y Combinator’s Summer 2021 batch helped attract institutional investment and accelerate growth[1][2].
Yummy rides the super app trend in emerging markets, where consumers prefer all-in-one platforms for convenience and speed. The timing is critical as Latin America’s e-commerce penetration remains low, creating a significant opportunity for integrated digital services[1]. Market forces such as urbanization, smartphone adoption, and demand for gig economy jobs favor Yummy’s growth. By enabling SMBs to digitize and providing fast delivery and ridesharing, Yummy is shaping the region’s digital commerce infrastructure and influencing how local economies adapt to technology-driven consumption[1][3][4].
Yummy’s immediate focus is deepening its presence in existing markets like Venezuela, Bolivia, Peru, and Panama while expanding quick commerce and financial services offerings[1]. Future trends shaping its journey include further regional expansion, enhanced AI-driven personalization, and broader merchant services integration. As Yummy continues to scale, it is poised to become a foundational platform for Latin America’s digital economy, potentially evolving into a dominant super app across multiple countries. Its influence will likely extend beyond delivery and ridesharing to become a key enabler of modern financial and commerce ecosystems in the region[1][6].
Key people at Yummy.
Yummy was founded in 2020 by Vicente Zavarce (Founder).
Yummy has raised $83.0M in total across 4 funding rounds.
Yummy's investors include Annie Luchsinger, K50 Ventures, Long Journey Ventures, Magma Partners, Streamlined Ventures, Wollef Ventures, Y Combinator, Ethos Capital, Justin Mateen, Soma Capital, WIND Ventures, YC Continuity.
Yummy has raised $83.0M across 4 funding rounds. Most recently, it raised $47.0M Series A in June 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jun 1, 2022 | $47M Series A | Annie Luchsinger | K50 Ventures, Long Journey Ventures, Magma Partners, Streamlined Ventures, Wollef Ventures, Y Combinator, Ethos Capital, Justin Mateen, Soma Capital, WIND Ventures, YC Continuity | Announced |
| Oct 1, 2021 | $27M Series A | Anthos Capital | Ecliptic Capital, Trajectory Ventures, WIND Ventures, Justin Mateen | Announced |
| Jul 16, 2021 | $4M Venture Round | — | Justin Mateen, Canary Ventures, Hustle Fund, Necessary Ventures, Y Combinator | Announced |
| Apr 1, 2021 | $5M Seed | — | 2XN, Alumni Ventures, Better Tomorrow Ventures, Bond, Scott Hartley, Flexcap, Flucas Ventures, Immeasurable, Incisive Ventures, K50 Ventures, Long Journey Ventures, Magma Partners, Modern Venture Partners, Pareto Holdings, Social Capital, Streamlined Ventures, Trajectory Ventures, Unpopular Ventures, Wollef Ventures, Y Combinator, George Godula, Immad Akhund, Julian Shapiro, Justin Mateen, Kunal Shah, Mandeep Singh, Omri Dahan | Announced |