Yummy Corp., the startup behind the Indonesian cloud kitchen brand Yummykitchen, has extended its Series B round with an investment from Sembrani Nusantara, a fund managed by BRI Ventures.
This round comes less than a year after Yummykitchen bagged US$12 million in Series B, led by Softbank Ventures Asia, in September 2020.
The startup will use the fresh capital for expansion into 50 new locations across Indonesia.
Launched in June 2019, Yummykitchen is an online catering brand that develops innovative solutions for corporates and F&B brands. The startup rents out shared kitchen space and carries out operational procedures on behalf of partner brands.
Today, Yummykitchen operates more than 70 cloud kitchens spread across Jabodetabek, Medan, and Bandung and collaborates with more than 50 F&B brands such as Dailybox, Ponut Donut Kentang, Gaaram, Kyochon, Sei Sapi Lamalera, Wanfan, and North Pole Gelato.
In addition to Yummykitchen, the firm is also building a foodcourt management business and will integrate it with online sales.
Mario Suntanu, CEO of Yummy Corp., said: “During the pandemic, the number of Yummykitchen transactions grew 7x compared to March 2020. This growth validates our belief in the vast potential of online food delivery, which seems to be booming early due to the pandemic.
Nicko Widjaja, CEO of BRI Ventures, said: “Now is the right time for us to encourage platform growth for MSMEs through funding to the new retail sector. Yummy Corp has helped MSMEs to survive the pandemic crises and continue to expand their business opportunities.”
Indonesia houses multiple cloud kitchen startups. Hangry is the other prominent player in this sector. In May this year, Hangry received US$13 million in an Alpha JWC Ventures-led Series A round.
Since launching Sembrani Nusantara in early 2021, BRI Venture has invested in five companies, namely Sayurbox, Haus!, Brodo, Andalin, and Yummy Corp.
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