Runchise Reportedly Receives Additional Investment from East Ventures and Genesia Ventures

SaaS startup for the culinary business Runchise reportedly received additional initial funding of $1 million (around IDR 16,2 billion). Quoting from Alternatives.pe, this investment was disbursed by previous investors, namely East Ventures and Genesia Ventures.

DailySocial.id has contacted the company and investors regarding this information, but no response has been provided until this news was published.

Both East Ventures and Genesia Ventures were Runchise's initial investors. Funding announcement made in October 2022. Other investors who participated were Arise MDI Ventures, Init-6, Prasetya Dwidharma, Alto Partners, and a number of angel investors.

Runchise was founded in 2022 by Daniel Witono and Ivana Widjaya. Daniel was previously known as founder Journal (acquired by Mekari). In his joint interview DailySocial.id in June 2022, he said that Runchise was built as a "outlet management solution".

Issues about management to coaching franchise It turns out that it is still a challenge that is often felt by restaurant owners and brand owners. Starting from a lack of transparency from franchisees, to the use of inappropriate raw materials. This then inspired Daniel to create a platform end-to-end to the owner franchise.

"When I was with Mekari, I couldn't develop this concept because the company's focus was only on accounting and personnel. That's why after I left, I started developing Runchise to help the F&B sector in Indonesia, which has a very wide potential," said Daniel.

Daniel also said that one of Runchise's main market segments is the franchise business (franchise). Issues about management to coaching franchise is still a challenge that is often felt by F&B brand owners. Starting from a lack of transparency from franchisees to the use of inappropriate raw materials.

Runchise presents three services:

1. Supply Chain Management: facilitates restaurant operations that have many outlets, from managing and procuring stock, raw materials, to flexible company data access arrangements.
2. Point of Sales, facilitates the transaction process with customers.
3. Online Ordering, to make it easier for outlet owners to integrate with food delivery services.

In the F&B landscape, there are a number of players currently offering SaaS solutions. There is The Essence of Global Solutions which has been supported by a number of investors including Alpha JWC Ventures, the solutions offered include ERP, POS, and food delivery service management. Apart from that, there are also several others such as DigiResto which was developed by MCAS.