Runchise, an Indonesia-based restaurant management and culinary franchise startup, has on Tuesday announced that it has raised new funding of $1 million from the existing investors East Ventures and Genesia Ventures.
Runchise said in a statement that with this new funding, the firm’s main focus remains on technological advancement and innovation to enhance restaurants’ profitability.
Additionally, it will prioritize investments in branding initiatives and geographical expansion to extend its reach to more cities, empowering more businesses to thrive.
“We are glad to receive continuous support from our investors,
“We believe this funding serves as a strong vote of confidence toward our solution to empower the food and beverage (F&B) industry,” said Daniel Witono, Co-Founder and Chief Executive Officer of Runchise.
“We believe that technology is an important tool in ensuring the operational efficiency of this industry,
“Having said that, we are committed to providing innovative and tailored solutions for the players, helping them to scale and unlock the opportunities ahead,” he added.
Runchise, under the auspices of PT Teknologi Kuliner Kekinian, has been present since 2022 in Indonesia.
The firm offers a series of superior product management systems as a guide for franchisors and franchisees in the development of the F&B business.
It focuses on controlling and monitoring technology-based operational systems, predicting targets, and increasing profits in the culinary field.
According to the statement, the F&B and hospitality sectors represent massive opportunities in many emerging countries, but the industry is also characterized by intense competition between the players.
Thus, operational excellence and efficiency are important for success within this sector.
However, it said the F&B players still face challenges and difficulties in maximizing their growth, with few tailored solutions available for this industry.
Runchise said the firm 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 the online or cloud-based platform, it ensures that all the information from the restaurant outlets is connected transparently, accurately, and consistently into one platform.
Currently, Runchise’s solutions encompass front-store operations, back-office functionalities, integration with online food delivery platforms, and customer engagement.
Moreover, with the integration of machine learning, the firm is also able to provide a daily sales prediction for each outlet.
“We are glad to double down our investment in Runchise. With the big 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 Indonesia,” said Melisa Irene, Partner at East Ventures.
According to the statement, the F&B industry is a dynamic and growing market that Runchise is well-positioned to capitalize on with its growing range of solutions.
It said the 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 potential.
“We believe that with Daniel’s experience and leadership, Runchise is poised to become an industry leader in the F&B industry,
“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 the F&B sector,” said Takahiro Suzuki, GENESIA General partner.
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