Runchise raised new funding of US$1 million from the existing investors, East Ventures and Genesia Ventures.
Runchise, an Indonesia-based restaurant management and culinary franchise startup, announced that it has raised new funding of US$1 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.
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.”
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.
“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 IreneThe 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.
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