Genesia Ventures Invested in the seed round of Runchise, which provides restaurant franchise management solutions in Indonesia

Genesia Ventures Co., Ltd.
Invested in the seed round of Runchise, which provides restaurant franchise management solutions in Indonesia

Genesia Ventures Co., Ltd. (Representative Director: Soichi Tajima, Headquarters: Minato-ku, Tokyo) has launched Runchise, which provides restaurant franchise management solutions in Indonesia from Genesia Venture Fund No. 3 (GV-3). |CEO/Founder: Daniel Witono, Headquarters: Singapore) We are pleased to announce that we have invested in the seed round.
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https://www.vertexventures.sg/news/indonesia-s-evolving-f-b-industry-amidst-the-pandemic-the-f-b-industry-emerged-as-one-of-the-most-resilient -sectors-through-digitalization/
In 2021, more than $2 billion in total transaction value will be processed on food delivery platforms. There are more than 1 million registered merchants, 99% of which are SMEs and micro enterprises.
[Source] https://techwireasia.com/2022/07/gojek-how-gofood-is-leveraging-its-most-powerful-ingredient-data/ It is said that 45% of meals in Indonesia are eaten out, delivered, or taken home, and Indonesians spend $3.3B on food delivery alone.
[Source] https://drive.google.com/file/d/1OU9qn9bratZXwZYCUn9oM2aYh6BLQJrB/view?usp=sharing) In the fast-growing Indonesian food and beverage industry, it is believed that the digitalization of restaurant operations will be further promoted. Although the introduction of digital tools has progressed at an accelerated pace after COVID-19, there is still room for new services to enter and improvements to systems for restaurants. Franchise brand owners need to integrate, manage, and utilize various data not only to improve operational efficiency, but also to flexibly respond to market changes and provide differentiated services in the crowded food service industry. We have to move on.
[Use of raised funds]
The funds raised this time will be used for recruitment, team strengthening, product development, and marketing measures.
▼ CEO/Founder Daniel Witono’s comment
We thank our investors for their trust. With your help, we will continue to innovate using technology to improve the performance of our business for food and beverage brands and franchises, becoming a trusted partner in the industry.
[About investment]
Genesia Ventures General Partner Takahiro Suzuki / Investment Manager Elsha Eliassa Kwe
We are very much looking forward to working with Ruchise to digitize the Indonesian food and beverage industry in the future. In recent years, we have witnessed a significant increase in innovation and digitization in the food and beverage industry, especially among MSMEs, in the wake of the COVID-19 pandemic. Although the consumer food and beverage industry is a $50 billion market and operates mostly offline, there are still plenty of opportunities for growth in this sector. A serial entrepreneur, CEO Daniel and his team believe they can seize this opportunity and bring positive developments to the Indonesian food and beverage industry.
【Company Profile】
Company name: RUNCHISE PTE. LTD.
WEB: https://www.runchise.com/
Date of establishment: May 2022
Location: 160 Robinson Road, #24-09, Singapore 068914
Representative: CEO/Founder Daniel Witono
Details about this release:
https://prtimes.jp/main/html/rd/p/000000075.000056091.html


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