Runchise raises US$1mil new funding co-led by East Ventures and Genesia Ventures

• Reaffirms commitment to F&B sector growth
• Funding will support tech advancement, branding & expansion

Runchise, an Indonesia-based restaurant management and culinary franchise startup, announced that it has raised new funding of US$1 million (RM4.7 million) from the existing investors East Ventures and Genesia Ventures. With this new funding, the firm’s main focus remains on technological advancement and innovation to enhance restaurants’ profitability. 

Additionally, the startup will prioritise investments in branding initiatives and geographical expansion to extend its reach to more cities, empowering more businesses to thrive.

Daniel Witono, co-founder and CEO of Runchise said, “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.” 

The food and beverage (F&B) and hospitality sectors represent significant opportunities in many emerging countries, but the industry is also characterised by intense competition. Operational excellence and efficiency are important for success. However, F&B players still face challenges and difficulties in maximising their growth, with few tailored solutions available.

According to Runchise, its solutions are designed based on a comprehensive understanding of the business process and restaurant operations, creating a user-centric platform with an end-to-end ecosystem. With a cloud-based platform, the startup ensures that all the information from the restaurant outlets is connected transparently, accurately, and consistently into one platform.

Presently, its solutions encompass front-store operations, back-office functionalities, integration with online food delivery platforms, and customer engagement. With the integration of machine learning, Runchise 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 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.

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 Witono’s experience and leadership, Runchise is poised to become an industry leader in the F&B industry and are looking forward to supporting Witono and his team as they continue to set new standards in the F&B sector,” said Takahiro Suzuki, Genesia Ventures, general partner.

Founded in 2022, by Winoto and Ivana Widjaja, co-founder and chief operation officer, Runchise claims to have assisted hundreds of brands in scaling and streamlining their processes, especially in expanding their operation to multiple locations.‍