Thursday, March 31, 2022

Yami Scores $50M For Asian Food Marketplace

Brea-based Yami, an online marketplace for Asian food, products, and household goods, announced on Wednesday that it has raised $50M in a Series B funding round. The funding was co-led by Altos Ventures and Balsam Bay Partners and also included J.P. Morgan and GGV Capital. The startup, founded and led by CEO Alex Zhou, offers up Japanese, Korean, Southeast Asian, and Chinese products for the American market. The company was founded in 2013. According to the company, it will use the funding to speed up delivery times, broaden product offerings, enhance vendor support on the platform, and invest in technology.

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