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Yu, the instant meal bowl brand owned by Ikayu Foods, has raised Rs 20 crore in series A funding through a mix of equity and venture debt. The round was led by investor Ashish Kacholia and saw participation from existing investors, Asian Paints’ promoter group Manish Choksi and Varun Vakil.
The company will use the money to double its capacity, ramp up distribution in India, and expand its footprint in Africa, West Asia and the US.
The funding round also saw participation from DPIITs Start Up India Seed Fund scheme which approved Yu under its Rs 945 crores program that
