Runchise is an Indonesian startup that manages restaurants and offers culinary franchises. It announced that it has raised an additional $1 million from its current backers, East Ventures and Genesia Ventures.
With this additional capital, Runchise said in a statement, the company will continue to prioritise innovation and technology improvement to boost restaurant profitability.
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It will also give top priority to investments in branding campaigns and geographic growth in order to reach more locations and enable more enterprises to prosper.
“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 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.
Under the direction of PT Teknologi Kuliner Kekinian, Runchise has operated in Indonesia since 2022. The company provides a range of excellent product management tools to help franchisors and franchisees grow their food and beverage businesses.
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It focuses on forecasting goals, boosting revenue in the food industry, and managing and observing technology-based operational processes. The statement claims that although the food and beverage and hotel industries offer enormous potential in many developing nations, the companies in these markets engage in fierce competition.
The statement claims that Runchise is well-positioned to benefit from the F&B industry’s dynamic growth and expanding market thanks to its expanding suite of solutions.
It said that the pandemic-induced changes in consumer behaviour have highlighted how important it is for retailers to embrace an omnichannel strategy and streamline their business processes in order to increase 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.
About Runchise
Runchise is dedicated to making restaurant management simpler, and they think the Runchise system may help your company expand.
