-27%

est. 2Y upside i

Series B

The everything app for LATAM

Rank

#473

Sector

Superapp, On-demand Delivery & Ridesharing

Est. Liquidity

~3Y

Data Quality

Data: Medium

Yummy presents a strong upside opportunity driven by its dominant market position in core regions and the potential for superapp expansion in underserved Latin American markets.

Last updated: March 10, 2026

Bull (30%)+300%

Yummy successfully expands its superapp model beyond its core markets, leveraging its strong local adaptation and exclusivity deals. The merchant enablement platform gains significant traction, and the company achieves consistent profitability across all verticals. Revenue grows to ~$200M by 2028, justifying a 4x revenue multiple and a valuation of $800M.

Base (50%)+80%

Yummy maintains its dominant position in Venezuela and Bolivia, with steady growth in Peru and Panama. The food delivery and ridesharing segments continue to grow at market rates, and the merchant enablement platform sees moderate adoption. Revenue reaches ~$120M by 2028, maintaining a ~3x revenue multiple, resulting in a $360M valuation.

Bear (20%)-60%

Increased competition from regional players like Rappi and potential entry of global incumbents erode Yummy's market share and pricing power. Regulatory hurdles and economic instability in key markets hinder expansion. Revenue growth slows significantly, and the company struggles to achieve consistent profitability, leading to a down round or acquisition at an $80M valuation, wiping out most common-stock value given liquidation preferences.

Est. time to liquidity~3.0 years

Preference Stack Risk

severe

Funding Intensity

35%

Investors hold $69M in liquidation preferences ahead of common stock. In an exit at or below the current $200M valuation, common stock holders would receive value only after the $69M preference is paid.

Dilution Risk

high

As a Series B company, Yummy will likely undergo further funding rounds (Series C, D, etc.) before a liquidity event, leading to additional dilution for existing common shareholders.

Secondary Liquidity

limited

While no active secondary market is publicly advertised, some limited opportunities for early employees to sell shares might exist through platforms like EquityZen.

Questions to Ask at the Interview

Strategic questions based on Yummy's data — designed to show you've done your homework.

  • 1

    “How is Yummy planning to navigate the complex regulatory landscapes and economic instabilities across its diverse Latin American markets, especially concerning currency controls and inflation?”

  • 2

    “Given the significant competitive landscape with players like Rappi and the potential for global incumbents like Uber to expand further, what are Yummy's key strategies to maintain and grow its market share in its core and expansion markets?”

  • 3

    “With $69M in total funding on a $200M valuation, how does the company envision its path to a liquidity event (IPO or acquisition) within the next 2-3 years, and what are the plans to address potential dilution for common shareholders in future funding rounds?”

Community

Valuation Sentiment

Our model estimates -27% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.