Yummy Plate Raises Funding From K12 Techno Services To Provide Meals To School Students

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Yummy Plate Raises Funding From K12 Techno Services To Provide Meals To School Students

Yummy Plate said the $2 million funding will help it expand its services to Mumbai, Pune, Hyderabad, Chennai and Delhi.

Founded in 2022 by Bala Hariharan, the B2B startup offers subscription services to schools.

Yummy Plate currently serves over 3,000 students across 30+ schools in Bangalore and plans to expand to 20,000 students next year.

Subscription food service provider Yummy Plate said on Tuesday (August 22) that it has raised $2 million in funding from education services platform K12 Techno Services.

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The startup said it will use the funds to expand its presence in the country by entering new cities.

Founded in 2022 by Bala Hariharan, the B2B startup offers subscription services to schools. It currently serves over 3,000 students in over 30 schools across Bangalore.

Yummy Plate said in a statement that the new funds will help expand its services to Mumbai, Pune, Hyderabad, Chennai and Delhi. Next year, the startup plans to reach more than 100 schools and serve more than 20,000 students. It also aims to establish a pan-India presence within three years.

Commenting on the fundraiser, founder Hariharan said: “So far we have received positive feedback from parents and we want to provide the most suitable nutrition that meets all the nutritional needs of students in their growing years. With this funding, we are confident that "We will be able to expand our services to cities and further achieve our goals."

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Investor K12 Techno Services said there is a huge gap in the market to provide quality nutritious meals to schools, which Yummy Plate is trying to fill. “Our goals align with Yummy Plates because we believe in creating the best environment for overall student growth. We are excited to partner with them and are confident they will grow exponentially,” said Jai DeCosta, CEO of K12 Techno Services.

Yummy Plate competes with other subscription food providers such as My Embrace Box, EatFit and Healthylicious Kitchen.

The fundraising comes at a time when the current financial winter has caused a shortage of capital for startups. According to Inc42's India Tech Startup Funding Report, total funding raised by Indian startups fell to $5.4 billion in the first half of 2023 from $19 billion in the same period last year . Meanwhile, seed funding fell to $479 million in the first half of 2023 from $1.4 billion in the previous period.