The development indicates that the turbulent period, which saw many startups including foodpanda and TinyOwl either scale down or shut down in 2015-16, is not over yet Yumist, a VCs-backed foodtech startup that offered home-style meals to Indian customers, has wounded up operations, as it failed to raise follow-on funding and also due to "a bunch of [...]The post VCs-backed Indian foodtech startup Yumist shuts down as it failed to raise follow-on funding appeared first on e27.