Time to order lunch from Legit Group because this Indonesian multi-brand cloud kitchen startup just raised a $13.7M Series A!
Investor check. Telkom Indonesia's VC arm, MDI Ventures led the round! Sinar Mas Digital Ventures (SMDV), East Ventures and Winter Capital also joined in.
😋 What're you craving?
Delivery-first brands. Founded in 2021, they're all about serving affordable, high-quality food that arrives quickly and still tastes great after delivery.
They have four brands: Pastaria (Italian pasta), Sei'Tan (Smoked beef and chicken), Sek Fan (Chinese rice bowls with toppings) and Ryujin (Japanese gyudon).
👨🏻🍳 Their recipe for success?
While some cloud kitchens have started opening physical locations, Legit Group is still 100% online with a pure cloud kitchen model.
🚗 Out of the city!
The new $$$ is for expansion, especially outside the Greater Jakarta Area. Plus, they'll build tech to optimize their operations
Some of their brands don't operate out of their own locations. Now, they'll be moving these brands' operations to Legit Group-owned kitchen spaces.
Acquisitions? While their focus is building up their own brands, they'll acquire other F&B brands when their infrastructure is ready!
The newsletter that keeps you up-to-date on the top stories on tech and business in Southeast Asia. It's fun, quick and free.