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137%
Raised
£234,370
Investors
325
Target
£170,000
Equity
5.65%
Pre-money valuation
£3,910,684

Yumbles is a leading UK online marketplace for artisan food. It currently connects over 600 independent food makers directly with consumers. The company is targeting the UK’s estimated £10bn+ UK Speciality Food & Drink market, having seen £1m+ sales in the last 12 months resulting in £400k+ revenue.

  • Team include co-founder of PeoplePerHour and talent from Ebay/Gumtree
  • Featured in the FT, Guardian, BBC Good Food, Daily Mail and more
  • Over 6,000 specialist food products on sale through the platform
  • Consumers are increasingly seeking premium, health and ethical foods

Idea

Yumbles.com is a leading UK online marketplace for artisan food, targeting the UK's £10bn+ Speciality Food & Drink market.

We currently connect over 600 independent food makers directly with consumers looking for high quality, ethically produced food and drink.

We have seen sales of over £1m (Gross Merchandise Volume) resulting in £400k+ revenue to date (EBITDA -£267k to April 2017). We now aim to reach profitability and scale further. Yumbles has been featured in most mainstream media including the FT, Guardian, Metro, BBC Good Food Magazine, Daily Mail and many more.

The speciality food market is by nature a very fragmented market with thousands of scattered independent producers, making it very difficult for customers to discover and buy the best products.

To solve this, we created a platform for producers to market and sell their products directly to consumers; we already offer over 6,000 products that cater for many different tastes and needs (special diets, treats, snacks, gifts and many more). We taste-test samples from food makers wanting to join and always ensure that they meet our strict criteria.

Our business model is scalable: we don’t hold stock (food makers ship directly to customers) and our primary revenue stream is commission on sales. We have doubled orders from organic (free) sales channels over each of the past 2 years, reducing our cost of customer acquisition.

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Yumbles has been given advance assurance by HMRC that the proposed share issue is likely to qualify for Enterprise Investment Scheme (EIS) tax relief.

Tax relief is available to individuals only, with income tax relief currently set at 30 per cent of the cost of the shares for the tax year in which the investment was made. The tax reliefs can also reduce your Capital Gains Tax bill. Read More.

Availability of tax relief depends on your individual and the company’s ongoing circumstances and applicable law.