Indonesian restaurant management startup and culinary franchise Runchise has announced raising Seed funding in a round anchored by East Ventures.
The funding round was also participated by Genesia Ventures, Arise MDI Ventures, Init6, Prasetya Dwidharma, Alto Partners, and angel investors.
The Seed funding was used to officially launch Runchise’s online application to increase operational efficiency and profit for restaurant or franchise owners, especially in the culinary field.
The culinary business is one of the businesses that supports the economy in the country today. This industry is growing rapidly, as reflected in the high consumption of the Indonesians.
The culinary players are demanded to keep innovating to compete and be relevant for the growing demand.
“The development of the culinary business is influenced by good management or management systems. By using technology, we believe that entrepreneurs will be able to increase profits and increase the output of their businesses. By prioritizing technology, Runchise is here to be a solution for culinary business owners, providing culinary businesses with a complete solution in one platform where the needs of all culinary business operations can be met,” said Daniel Witono, founder and CEO of Runchise.
Through a user-centric system with an end-to-end ecosystem, Runchise is specifically designed to support the business processes and operations of an outlet or restaurant consistently. Runchise performs management processes, from table setting to restaurant performance analysis, through one centralized platform.
Runchise will allocate funds from investors to add talent and strengthen the team, develop products and marketing initiatives. “We would like to thank our investors for their trust. Through investment and collaboration with investors, we will continue to innovate by using technology to improve the performance of the food and beverages (F&B) business and become a trusted technology partner in this industry,” said Witono.
Runchise under the auspices of PT Teknologi Kuliner Kekinian, has been present since 2022 in Indonesia. It offers a series of superior product management systems as a guide for franchisors and franchisees in the development of the F&B business.
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