One of the startup sector’s biggest merger and acquisition deals will go ahead with rival restaurant ordering apps me&u and Mr Yum getting together. The Sydney and Melbourne startups have raised a combined $165 million in venture capital, having both been founded in 2018, but the deal won’t deliver an exit just yet for investors,… Read more »
Hospitality ordering platforms Mr Yum and Me&u are exploring a potential merger as their rapid ascent during Covid begins to plateau post pandemic. A spokesperson for Mr Yum confirmed to Startup Daily that talks are currently underway. “Mr Yum confirms that it is in preliminary discussions with me&u regarding a potential merger to accelerate the… Read more »
Hospitality ordering and payments platform Mr Yum has cut another 40 jobs, just seven months after shedding 40 more jobs – 17% of its then global workforce. CEO and cofounder Kim Teo posted the email she sent to staff today on LinkedIn saying they’d made “the strategic decision to get to profitability with our current… Read more »
The meteoric rise of restaurant ordering and payments platform Mr Yum has flamed out with the company announcing it will shed more than 40 jobs globally with CEO and cofounder Kim Teo admitting they “increased our headcount too quickly.” Less than nine months after raising $89 million in Australia’s third-largest Series A, led by US… Read more »
Hospitality-focused ordering and payments platform Mr Yum has raised an A$89 million in Series A led by leading US VC Tiger Global. The deal is the country’s third-largest Series A and sets a new benchmark for a female-founded company in Australia. It follows an $11 million post-Seed round just six months ago, taking the total… Read more »
It’s been quite a year for us at Mr Yum. Some would call it crazy, but in the vein of our company mantra “think 10x”, we launched into the US and UK simultaneously earlier this year. I remember getting on what was essentially a one-way plane from Australia to Los Angeles in late February. I… Read more »
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