Can food-tech startups rustle up a comeback?

When meal-ordering startup Yumist shut shop last month, it joined a long list of food-tech ventures that have gone belly up despite attracting sizeable venture capital. Except Yumist was different—unlike most of its peers, it had eventually figured out a profitably scalable model. Announcing the decision to end its three-year journey, Yumist co-founder Alok Jain had said: “If we had another nine months of survival money, we would have gone back to the market and found enough support to survive.” The high growth and high burn path that Yumist chose under…

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