Yawmi closes seed round
Dubai-based food and beverage (F&B) e-commerce startup Yawmi, has closed a seed round from Shorooq Investments. The amount of funding has not been disclosed.
Founded in early 2018, Yawmi offers home-style Levantine cuisine on its website and through food ordering platforms like Talabat and Deliveroo without operating a physical restaurant. The investment from Shorooq will be used to expand its offerings and will look to deliver beyond Dubai to Abu Dhabi and eventually abroad.
“With the latest technologies and new business models, conventional industries that have been stagnant for decades are now dynamically evolving,” said Shane Shin, founding partner at Shorooq Investments. “We are excited to join the journey of Yawmi at such an early stage and are committed to building it together – expanding across various cities, countries and regions, far surpassing a traditional reach of a typical F&B startup. We are confident that Yawmi’s business model can withstand the upcoming recession, giving it a competitive edge over traditional F&B venture.”