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Yumlok looks to raise USD 1 million by fiscal-end

Press Trust of India  |  New Delhi 

is 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.

"We are in talks with investors to raise USD 1 million by March. We plan to use this fund to open new outlets, marketing and brand building," and said.

got an undisclosed amount of angel funding from Naman Sarawagi (who also invested in Cashfree and DailyNinja) and (of Harbor and member of 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, and

Yumlok serves North Indian meal combos, style chaats and some Indo-Western fusion dishes.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sun, January 14 2018. 14:50 IST