From Near Bankruptcy to $70 Million: The Yummy Delivery App Story

Mexico City-based food and mobility delivery service Yummy, founded by Julio Pazos, has raised over $70 million. Pazos shared his entrepreneurial journey in a recent interview, revealing the challenges of managing 70,000 drivers and a critical moment where the company nearly ran out of money to pay its employees. "At a personal level, I spent all my savings to start Yummy," Pazos explained. "What I had left in the account wasn't enough to pay the mortgage the following month." Despite this, Yummy persevered, achieving significant growth. Pazos's story highlights the resilience and adaptability needed for startup success. His advice to aspiring entrepreneurs is to not wait for a perfect plan before starting.