Hangry secures $13 Mn funding; aims to expand outlets in Indonesia

Hangry, a cloud kitchen startup based out of Indonesia, has reportedly announced raising USD 13 million financing in Series A funding round headed by Alpha JWC Ventures, with participation from Salt Ventures, Atlas Pacific Capital, and Heyokha Brothers.

Reliable sources have reported that the lately acquired funds would be used to increase the number of Hangry’s outlets in the country, including revealing its first dine-in restaurants, over the next two years before it enters other countries.

Reports suggest that, along with previous round of $3 million from Sequoia Capital and Alpha JWC’s Surge Program, Hangry’s latest Series A financing brings its total funding to $16 million. The company currently operates about 40 cloud kitchens in Bandung and Greater Jakarta.

It would be pivotal to mention that Hangry has also been offering food deliveries to various nooks and corners of the country even amidst the ongoing COVID crisis, which has only allowed the company to grow manifold.

Speaking on the latest fund raise, Abraham Viktor, CEO at Hangry, stated that the brand has over the past 2 years, built a widespread cloud kitchen network across the Indonesian states. Moreover, it lays complete focus on expanding its brands as they are rapidly expanding in popularity in the country.

Viktor added that the company began operations the hard way, doing delivery-first businesses, where they faced the challenges ensuring that the food retains its actual flavors when it reaches the consumer’s home. However now, they are ready to serve the customers in their restaurant premises, once ready.

According to Mr. Viktor, the company’s dine-in concept is an expansion of everything it has been doing in delivery channels.

Meanwhile, Eko Kurniadi, an Alpha JWC Ventures partner, mentioned in a statement that in the duration of a year and half, Hangry has launched multiple brands across myriad categories and tastes, and almost all of them are listed best sellers with brilliant ratings in different platforms.

Eko further quoted that the organization is already foreseeing Hangry’s growth to be a prominent local F&B brand nationwide.

Source Credit: https://techcrunch.com/2021/05/03/hangry-an-indonesian-cloud-kitchen-startup-with-plans-to-become-a-global-fb-company-closes-13m-series-a/

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