East Ventures


8 May 2024

Press Release

Runchise, a restaurant management and culinary franchise startup, raises new funding of US$1 million, co-led by East Ventures and Genesia Ventures

Runchise, an Indonesia-based restaurant management and culinary franchise startup, today 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. Additionally, Runchise will prioritize investments in branding initiatives and geographical expansion to extend its reach to more cities, empowering more businesses to thrive.

“We are glad to receive continuous support from our investors. We believe this funding serves as a strong vote of confidence toward our solution to empower the F&B industry. 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,” said Daniel Witono, Co-Founder and Chief Executive Officer of Runchise. 

The food and beverage (F&B) and hospitality sectors represent massive opportunities in many emerging countries, but the industry is also characterized by intense competition between the players. Operational excellence and efficiency are important for success within this sector. However, the F&B players still face challenges and difficulties in maximizing their growth, with few tailored solutions available for this industry. 

Runchise is designed based on a comprehensive understanding of the business process and restaurant operation, creating a user-centric platform with an end-to-end ecosystem. With the online or cloud-based platform, Runchise ensures that all the information from the restaurant outlets is connected transparently, accurately, and consistently into one platform.

Currently, Runchise’s solutions encompass front-store operations, back-office functionalities, integration with online food delivery platforms, and customer engagement. Moreover, with the integration of machine learning, Runchise is also able to provide a daily sales prediction for each outlet.  

“We are glad to double down our investment in Runchise. With the big opportunity in the F&B industry combined with Daniel 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 Irene, Partner at East Ventures.

The F&B industry is a dynamic and growing market that Runchise is well-positioned to capitalize on with its growing range of solutions. The 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. 

“We believe that with Daniel’s experience and leadership, Runchise is poised to become an industry leader in the F&B industry. We are confident in reaffirming our commitment to Runchise through a follow-on investment, and are looking forward to supporting Daniel and his team as they continue to set new standards in the F&B sector,” said Takahiro Suzuki, GENESIA General partner.

Founded in 2022, by Daniel Winoto (Co-Founder and Chief Executive Officer) and Ivana Widjaja (Co-Founder and Chief Operation Officer), Runchise has successfully assisted hundreds of brands in scaling and streamlining their processes, especially in expanding their operation to multiple locations.‍