Hangry, an Indonesian cloud kitchen startup with plans to become a global F&B company, closes $13M Series A
Hangry, an Indonesian cloud kitchen startup that wants to become a global food and beverage company, has raised a $13 million Series A. The round was led by returning investor Alpha JWC Ventures, and included participation from Atlas Pacific Capital, Salt Ventures and Heyokha Brothers. It will be used to increase the number of Hangry’s outlets in Indonesia, including launching its first dine-in restaurants, over the next two years before it enters other countries.
Along with a previous round of $3 million from Alpha JWC and Sequoia Capital’s Surge program, Hangry’s Series A brings its total funding to $16 million. It currently operates about 40 cloud kitchens in Greater Jakarta and Bandung, 34 of which launched in 2020. Hangry plans to expand its total outlets to more than 120 this year, including dine-in restaurants.
Indonesian F&B startup Hangry bags $13m Series A led by Alpha JWC
Photo: Unsplash
May 3, 2021
Indonesian F&B startup Hangry has closed a Series A funding round of $13 million led by Alpha JWC Ventures, the company said in a statement.
The round, which the company claims was oversubscribed, also saw participation from Atlas Pacific Capital, Salt Ventures, and Heyokha Brothers.
The fresh capital infusion, which was first reported by DealStreetAsia in November, will be used to fuel Hangry’s national expansion in 2021 and 2022.
Founded in 2019 by long-term colleagues Abraham Viktor, Robin Tan, and Andreas Resha, Hangry claims to be the first multi-brand virtual restaurant in Indonesia that operates with a mission to “create accessible and affordable F&B options for Indonesian urban, mobile-first consumers”.
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