Nice to meat you! Say hi to Off Foods. They're an Indonesian startup that dishes out plant-based meat. They've just raised a $1.7M seed led by Alpha JWC to start cooking up even more.
Who else cashed in? Global Founders Capital, Creative Gorilla Capital, Lemonilo (healthy food startup) and United Family Capital (UFC) also joined in.
🍔 How it started
Founded last August, the alternative meat startup started with their flagship product — plant-based "chicken".
Why it matters. Get healthy and save the planet while you're at it! One plant-based meat can save 20 pounds of carbon dioxide, as well as save water and land.
😋 How it works
They partner with restaurants to incorporate Off Meat's plant-based chicken into their menu with their own recipes. (Basically, a B2B strategy)
Having restaurants use plant-based meat in different dishes better influences Indonesians to try it for the first time and start ordering it more. (It's just much easier and probably much tastier than cooking it on your own!)
💰 What's with the $$$?
New eats! They're fueling R&D to offer more variations of its plant-based chicken, starting with other options like nuggets.
They're also expanding to other cities in Indonesia. Plus, they're going beyond B2B and will launch a direct-to-consumer strategy to reach more stomachs.
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