- Reaffirms determination to F&, B industry growth
- Funding will assistance technology advancement, branding &, development
Runchise, an Indonesia- based restaurant control and cooking franchise company, announced that it has raised innovative funding of US$ 1 million ( RM4.7 million ) from the existing owners East Ventures and Genesia Ventures. With this new financing, the firm’s principal focus remains on scientific advancement and development to increase restaurants ‘ profitability.  ,
Also, the startup will prioritize investments in geographic expansion and branding to expand its reach to more cities, enabling more companies to succeed.
This money represents a powerful endorsement of the company’s strategy to advance the F&, B market, according to Daniel Witono, co-founder and CEO of Runchise. We think technology is crucial to ensuring this industry’s operating performance. We are dedicated to helping the people grow and discover the opportunities that lie ahead by offering innovative and custom solutions, he continued.  ,
In many emerging nations, the food and beverage ( F&, B) and hospitality businesses offer significant possibilities, but the sector also faces fierce competition from other people. Therefore, success in this industry depends on operational quality and reliability. However, the F&, B players also face problems and challenges in maximising their rise, with some tailored options available for this market.
Runchise claims that its solutions are based on a thorough understanding of the business operation and restaurant operations, creating a user-centric program with an end-to-end ecosystem. With the internet or fog- based system, the startup ensures that all the information from the restaurant outlets is connected honestly, exactly, and continuously into one platform.
Currently, its solutions contain front- store operations, again- office functionalities, integration with virtual food delivery platforms, and customer engagement. Runchise can also provide a regular sales forecast for each store with the help of machine learning.  ,
” We’re pleased to increase our investment in Runchise. With the big opportunity in the F&, B industry combined with Witono and his team’s proficiency, we believe Runchise will continue to play a significant role in digitalizing the F&, B ecosystem in Indonesia”, said Melisa Irene ( pic ), partner at East Ventures.
With its expanding range of solutions, Runchise is well-positioned to capitalize on the powerful and expanding F&, B business. The pandemic’s acceleration of consumption behavior has made it imperative for retailers to choose an multichannel strategy and improve their revenue potential.
” We believe that with Witono’s knowledge and authority, Runchise is poised to become an market leader in the F&, B business. We are convinced in reaffirming our responsibility to Runchise through a follow- on expense, and are looking forward to supporting Witono and his team as they continue to set new standards in the F&, B industry”, said Takahiro Suzuki, Genesia Ventures, public partner.
Runchise, which was founded in 2022 by Winoto and Ivana Widjaja, co-founders and chief operating officers, claims to have helped hundreds of brands scale and streamline their processes, especially by bringing their operation to multiple locations.