<ul><li>Instant food brand Yu Foodlabs has raised Rs 55 crore in its Series B funding round.</li><li>The funding round was led by returning investors Ashish Kacholia and Asian Paints Promoter Group.</li><li>The company plans to use the funding to ramp up distribution, strengthen its food portfolio, and expand its beverage range.</li><li>Yu Foodlabs aims to grow revenues 3X over the next two years and has developed South Africa as a key market.</li></ul>

Instant food brand Yu secures Rs 55 Cr from Ashish Kacholia, Asian Paints Promoter Group

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