Trending

Stories

Indonesian Food and Beverage Firm, Wahyoo Wins $6.5M Series B Funding

Tidio Live Chat Software - Add Tidio live chat software to your website in minutes. Contact visitors and turn them into happy customers. Enhance their experience and boost your sales. Get it for Free

WP Rocket - WordPress Caching Plugin

Must Read

Yusuf Balogun
Yusuf Balogun
Yusuf is an aspiring Journalist and Health law expert with a special focus on technology innovations. He is a writer at Right for Education, Libertist Centre for Education, Qwenu, and Editor at Gamji Press, UDUS.

Wahyoo, an Indonesia-based food, and beverage digitalization firm, has secured $6.5 million as part of its series B funding round. The startup provides solutions for the modernization and digitalization of small warung local stalls in Indonesia.

Wahyoo $6.5m Series B Funding

According to data from VentureCap Insights, NH Absolute Return Partners, Intudo Ventures, Evowood, Nitto Prima Ventura, Global Brain, East Ventures, and Indogen Capital are some of the investors taking part in the round. Wahoo’s post-money valuation increased with the investment round to US$38.9 million, with an almost tripling share price from the prior year.

Wahyoo’s Series A Funding

Also Read

Wahyoo secured US$5 million in a series A fundraising round headed by Intudo Ventures in August 2020. Then, Peter Shearer, the Founder, and CEO noted that the fund would be used to expand the firm’s operation operations to additional cities outside of the Greater Jakarta Region; and also make new hires, especially for tech and product units.

In addition, he further maintained that the firm would add new features and services to better meet the needs of warung makan owners, especially improving supply chain systems and financial products, which are designed to help eateries improve margins and gain access to financial services.

About Wahyoo and Works

Elegant Themes - The most popular WordPress theme in the world and the ultimate WordPress Page Builder. Get a 30-day money-back guarantee. Get it for Free

Peter Shearer founded Wahyoo in 2017, which offers digitizing services to MSMEs in the food and beverage industry. Over 27,000 firms use the company’s services, which include access to networks for fulfillment and sales. The business also established the Bikin Tajir Group, a cloud kitchen project geared toward MSMEs that offers franchising rights for several food brands. 

By offering digital tools and services to draw customers, improve marketing efforts, implement loyalty programs, order and receive groceries, manage financial accounts, and provide educational training on best practices through the company’s Wahyoo Academy, Wahyoo works directly with neighborhood mom-and-pop restaurants to improve and digitize their operations. 

Additionally, restaurants can increase their revenue by partnering with Wahyoo for advertising and brand collaborations. Wahyoo is run by a seasoned group of business owners who, after working in Silicon Valley, established several profitable businesses in Indonesia.

iThemes WordPress Hosting

Stay updated

Subscribe to our newsletter and never miss an update on the latest tech, gaming, startup, how to guide, deals and more.

Latest

Stories

- Advertisement -
- Advertisement -

Latest

Grow Your Business

Place your brand in front of tech-savvy audience. Partner with us to build brand awareness, increase website traffic, generate qualified leads, and grow your business.

- Advertisement -

Grow Your Business

Get these business solutions, tools and services to help your business grow.
Elementor

Elementor -Join 5,000,000+ Professionals Who Build Better Sites With Elementor. Build your website with 100% visual design that loads faster and speeds up the process of building them.

WP Rocket

WP Rocket - Speed up your website with the most powerful caching plugin in the world. The website speed increase means better SEO ranking, user experience, and conversation. It’s a fact that Google loves a fast site.

Kinsta

Kinsta - If you are looking for WordPress managed hosting, Kinsta is in the leading front. Kinsta provides WordPress hosting for a small or large business that helps take care of all your needs regarding your website with cutting-edge technology.

OptinMonster

OptinMonster - Instantly boost leads and grow revenue with the #1 most powerful conversion optimization toolkit in the world. 700,000+ websites are using OptinMonster to turn their traffic into leads, subscribers, and sales.

Related

- Advertisement -
- Advertisement -
ChatGPT Reaches 100 Million Users in Two Months Microsoft’s Teams Get OpenAI-Based Features WhatsApp New Feature that Allows Users to Create Calling Shortcuts Instagram Working On Twitter-like Paid Verification Feature OnePlus Ace 2 Specs Exposed Online Realme GT Neo 5 Full Specs Revealed  Samsung Galaxy S23 Ultra: The New Android King Twitter To End Free API February 9 MLS Season Pass Now Available On Apple TV App Tesla To Increase Giga Shanghai EV Production to 20,000 Weekly 
OpenAI Releases Tool To Detect AI-generated Text Tesla Records Double Net Profit in 2022 India to Produce Upcoming iPhones: Trade Minister Japanese Professor Developed A Power Semiconductor made of Diamond Google Releases New Product for India’s Merchants Indian EV Startup Unveil Two AutoBalancing Electric Scooters OPPO Find X6 Pro Images Render via Weibo Sony Develops New Tech to Reduce Noise of Image Sensors