Yummy Corp Gets Additional Series B Funding from BRI Ventures

After getting series B funding led by Softbank Ventures Asia for $12 million in October 2020, platform cloud kitchen Yummy Corp again pocketed series B funding from Sembrani Nusantara owned by BRI Ventures. No mention of the value of the investment received. The company will then use the funds to continue the expansion of Yummykitchen in more than 50 new locations until the end of 2021.

"We hope that our expansion will not only help business players, but will also be able to open up many new jobs and help the national economy turn around," said Yummy Corp CEO Mario Suntanu.

Yummykitchen, business unit cloud kitchen from Yummy Corp, which was founded in 2019, is growing rapidly and is sought after by food and beverage business players in Indonesia to help expand quickly and affordably during the pandemic. Cloudkitchen also a favorite solution when the rules are open and closed template and the ban on eating in places is still strictly enforced by the government.

So far, Yummy Corp. has operated more than 70 shared kitchens spread across Jadetabek, Medan, and Bandung; cooperate with more than 50 brand food and drink such as Dailybox, Gaaram, Kyochon, Sei Sapi Lamalera, and others. Various types of food are presented by Yummykitchen in order to provide diverse choices for consumers to enjoy the experience of buying their favorite food brands in one place.

"Now is the right time for us to encourage the growth of the platform for MSMEs through funding to the sector," he said new retail. Yummy Corp has helped MSMEs to survive the pandemic crisis and continue to expand their business opportunities," said BRI Ventures CEO Nicko Widjaja.

Nicko continued, "BRI Ventures through the Sembrani Nusantara Venture Fund is committed to continuing to accelerate MSMEs in Indonesia through the technology startup ecosystem. new retail It is also one of the industries that has seen significant growth in recent years and we see that this sector will continue to grow in the future."

This year Yummy Corp is also rolling out innovation by building a management business unit foodcourt integrated with online sales online. Including launching Yummy shop, an application that aims to help MSMEs who sell food online online so you can make easy orders and payment links.

"Our target by the end of 2021 is to recruit employees and improve the quality of existing human resources as well as develop technological innovations, to help F&B players and also MSMEs in Indonesia to rise together during the pandemic," Mario added. DailySocial.

Growth cloud kitchen in Indonesia

According to the released report Savills, pass cloud kitchen in Indonesia is gaining momentum especially in Jakarta, a vibrant economic hub and home to more than 10 million people. During the pandemic the growth is increasing, not only cloud kitchen but also a new concept that is ghost kitchen.

"During the pandemic, the number of Yummykitchen transactions grew significantly up to 7 times compared to March 2020. This growth validates our belief in the huge potential online food delivery that seems booming early because of the pandemic," said Mario.

Cloudkitchen is not a new concept in Indonesia. Previous models from cloud kitchen – one kitchen managed and operated by one brand which only focuses on delivery and takeout, has been adopted by fast foods such as Domino's Pizza and PHD. Instead of one building for a single brand, model cloud kitchen similar to the concept coworking space, accommodate multiple brand the same or different owners operating in the same premises.

In report released by DailySocial revealed, the majority of operators cloud kitchen It targets F&B businessmen who are still SME scale. Meanwhile, restaurant chains tend to prefer traditional outlets because many of them sell not only food, but also atmosphere and dining experience to their customers. There are at least 15 cloud kitchen operators operating in Indonesia so far.