Heaptalk, Jakarta — Indonesia’s SaaS startup for the culinary sector Runchise, has secured USD1 million, or around RP16 billion, in new funding from its existing investors, including East Ventures and Genesia Ventures.
This food and beverage startup will allocate the fresh injection to focus on technological advancement and innovation, expecting to bump restaurants’ profitability. Runchise startup will also prioritize investments in branding initiatives and geographical expansion to extend its reach to cities and empower more businesses to thrive.
Commenting on this new fund, Co-Founder and Chief Executive Officer of Runchise, Daniel Witono, said, “We believe this funding serves as a robust vote of confidence toward our solution to empower the F&B industry. We observed that technology is a critical tool in ensuring the operational efficiency of this industry. We will tailor solutions for the industry players, helping them to scale and unlock the opportunities ahead,”
Archipelago’s food and beverage (F&B) and hospitality represent massive opportunities in many emerging countries, but the industry is also characterized by intense competition between the players. Operational excellence and efficiency are essential for success within this sector. However, the industry players still need help maximizing their enhancement, with few tailored solutions available for this sector.
Runchise is designed based on a comprehensive understanding of the business process and restaurant operation, creating a user-centric platform with an end-to-end ecosystem. With its cloud-based platform, the startup ensures that the information from the restaurant outlet is connected transparently, accurately, and consistently into one platform.
Runchise possessed three services: Supply Chain Management, Point of Sales, and Online Ordering. Currently, the startups encompass front-store operations, back-office functionalities, integration with online food delivery platforms, and customer engagement. Moreover, with the integration of learning, the startup can also provide daily sales predictions for each outlet.
“We are glad to double down our investment in Runchise. With the tremendous opportunity in the F&B industry combined with Daniel and his team’s proficiency, we believe Runchise will continue to play a significant role in digitalizing the F&B ecosystem in the archipelago,” said Melisa Irene, Partner at East Ventures.
Founded in 2022, Runchise perceived that shifts in consumption behavior accelerated by the pandemic have underscored the critical need for merchants to adopt an omnichannel strategy and optimize their operations for better revenue. This startup has assisted hundreds of brands in scaling and streamlining their processes, particularly in expanding operations to multiple locations.
“We are confident in reaffirming our commitment to Runchise through a follow-on investment and are looking forward to supporting Daniel and his team as they continue to set new standards in this sector,” Takahiro Suzuki, Genesia General’s Partner, concluded.
