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Yami Bags $50M Series B To Boost Its Online Asian Marketplace

Mar 30, 2022over 3 years ago

Amount Raised

$50

Round Type

series b

Description

When Alex Zhou, founder and CEO of Yami, moved to the Midwest for college in 2007, he had limited access to Asian groceries and products. Zhou had to drive two hours to purchase his favorite Asian products at the nearest local Asian market. The experience inspired him to launch Yami, a direct-to-consumer marketplace for Asian food, skincare products, and household goods in the U.S., in 2013 after moving to Los Angeles.

Company Information

Company

Yami

About

YamiThe Los Angeles-headquartered startup will use the latest funding to further its U.S. expansion by opening up another warehouse in New Jersey to speed up delivery times, Zhou said. The company currently has more than 300 employees globally, with offices in the U.S., China, and Japan. Zhou noted that Yami provides more than 260,000 stock-keeping units (SKUs) across food, beauty, health, and home categories with over 4,000 brands. Yami claims it has surpassed 2 million customers in the U.S. since its inception. “Yami uses the strength of global e-commerce to provide the comforts of home or cultures that you love no matter where in the world you are,” said managing partner at GGV Capital Hans Tung, a board member of Yami.

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