JAKARTA (TheInsiderStories) - Venture capital company, BRI Ventures, has injected investment capital worth Rp30 billion (US$2.14 million) to a local beverage company, Haus! Indonesia, said the startup end of last week. The fresh funds distributed through the Sembrani Nusantara Venture Fund.
“We see that the potential of other cities in Indonesia is still very large, especially considering the data that the food and beverage industry continues to show an increase,” said the CEO, Gufron Syarif in an official statement.
For information, the food and beverage (F&B) industry in Indonesia grew 0.22 percent from last year and increased by 1.87 percent when compared to the previous quarter. This year its expecting these sectors could grow 3 percent in this year versus last year. This indicates that the food and beverage industry shows significant stability amid the COVID-19 pandemic.
The strategic and financial support obtained from the venture, said Syarif, will be used for business innovation such as developing food menus and increasing variety of drinks. Currently, he continued, there are 35 food and beverage menu choices.
Until now, Haus! Indonesia has employed 800 employees to operate 109 outlets, and this figure will continue to grow in line with business expansion. The restaurant manager targeting to have a minimum of 100 new outlet developments by 2021.
Founded in June 2018, the company has a segmentation of millennial generation and gen Z customers, and targets the middle and lower middle market in the Made to Order category which provides drinks made from tea, chocolate and coffee.
While, BRI Ventures has various portfolios like TaniHub, Modalku, LinkAja, Nium, Investree, AyoConnect, and PayFazz. The venture firm had completed the first closure of a planned technology fundraising of Rp 300 billion through, and the unit, Dana Sembrani Nusantara, raised more than Rp 150 billion from Grab Holdings Inc., Celebes Capital, Investree, Fazz Financial Group and Pandu Sjahrir.
The unit of state lender, PT Bank Rakyat Indonesia Tbk (IDX: BBRI), plans to use the fund to make early-stage investments in education, agro-maritime, retail, transportation and healthcare in Indonesia, which is the largest internet market in Southeast Asia with a population of nearly 300 million. These five sectors are sectors that are believed to be recovering quickly after the pandemic.
US$1: Rp14,100
Written by Editorial Staff, Email: theinsiderstories@gmail.com
