Six top executives of food technology startup Qummy received shares in the company

The LLC shares were first received by the general director Sergei Muskhanov (1.11%), as well as by Oleg Galitsky (0.42%). Top managers Ruslan Abdullaev and Artem Komissarov, Yaroslav Listratenko and Anna Matsak each became owners of 0.33%, according to the data of the Unified State Register of Legal Entities, updated on September 5.

A total of 2.85% was distributed under the options program.

“At the beginning we understood that it was important to make key people in the team shareholders of the company. Previously, we structured relationships at Qummy Inc., where a set of vested options was allocated for 4 years. Then they transferred all the agreements to Kyumi LLC. The option program was recorded verbally,” Evgeny Pisarev told RB.RU.

The founder added that almost all senior managers have been working at the startup for more than four years.

The investors’ shares in the Unified State Register of Legal Entities also changed following the results of the round announced in June for 93 million rubles, Pisarev explained. As of September 5, the capital of Kyumi LLC increased sixfold to 99.9 thousand rubles. The share of the Voskhod fund increased by 3.58 percentage points to 21.21%, Rinat Salikhov increased his share by 0.6 percentage points to 19.6%, Alexander Eronin received 2.44% for the first time, and Danil Filatov – 2.68%. New changes are expected in the Unified State Register of Legal Entities in September, which will be related to the DFA round, Pisarev said.

In June, Pisarev reported that the investors in the round worth 93 million rubles were the Voskhod Fund (40 million rubles), Alexander Eronin (30 million rubles), the Moscow Seed Fund (22 million rubles) and Dauren Toktamysov (1 million rubles). The project received one part of the funding at the end of 2023, and the second – at the beginning of 2024. Finam then valued the startup at 0.9-1.3 billion rubles, similar to a company like DoorDash. The company did not disclose its valuation after the round, but said it was “significantly higher” than analysts expected.

According to the valuation and growth of shares of the Voskhod and Eronin fund, the company’s value is 1.1-1.3 billion rubles, and about 34 million rubles were distributed among management.

Qummy prepares preservative-free food in factory kitchens and then freezes it using the company’s “smart ice” technology. The end consumer needs to heat the food in a special robotic oven.

• Qummy was founded in 2019. At the same time, the project attracted 9 million rubles, and in 2020 another 57 million rubles from private investors. The startup focused on working with the B2B segment: hotels, gas stations, bars, cafes.

• In 2021, a startup from Krasnodar closed a round of $1.6 million from a group of investors. With the funds received, the company decided to develop in the markets of the United Arab Emirates and the United States, but later had to suspend projects there. Pisarev did not mention the reasons for his decision in a conversation with RB.RU.

• In November 2021, Qummy entered the B2C market and launched food delivery with a robotic oven for heating.

• In 2022, the company raised $3.6 million from Voskhod fund, Joint Journey Sergei Dashkov and business angel Rinat Salikhov.

• In 2023, according to the Kontur.Focus system, Kyumi LLC’s revenue amounted to 272.9 million rubles, and the net loss was 82.5 million rubles. According to Pisarev, in 2024, Qummy plans to increase revenue to 505 million rubles and EBITDA by 1%.