Indonesian cloud kitchen startup Yummy gets $12 million Series B led by SoftBank Ventures Asia

Yummy Corporation, which claims to be the largest cloud kitchen management company in Indonesia, has raised $12 million in Series B funding, led by SoftBank Ventures Asia. Co-founder and chief executive officer Mario Suntanu told TechCrunch that the capital will be used to expand into more major cities and on developing its tech platform, including data analytics.

Other participants in the round included returning investors Intudo Ventures and Sovereign’s Capital, and new backers Vectr Ventures, AppWorks, Quest Ventures, Coca-Cola Amatil X and Palm Drive Capital . The Series B brings Yummy Corporation’s total raised so far to $19.5 million.

Launched in June 2019, Yummy Corporation’s network of cloud kitchens, called Yummykitchen, now includes more than 70 HACCP-certified facilities in Jakarta, Bandung and Medan. It partners with more than 50 food and beverage (F&B) companies, including major brands like Ismaya Group and Sour Sally Group.

During COVID-19 movement restrictions, Suntanu said Yummykitchen’s business showed “healthy growth” as people, confined mostly to their homes, ordered food for delivery. Funding will be used to get more partners, especially brands that want to digitize their operations and expand deliveries to cope with the continuing impact of COVID-19.

The number of cloud kitchens in Southeast Asia has grown quickly over the past year, driven by demand for food deliveries that began increasing even before the pandemic. But for F&B brands that rely on deliveries for a good part of their revenue, running their own kitchens and staff can be cost-prohibitive. Sharing cloud kitchens with other businesses can help increase their margins.

Other cloud kitchen startups serving Indonesia include Hangry and Everplate, but these companies and Yummy Corporation are all up against two major players: “super apps” Grab and Gojek, which both operate large networks of cloud kitchens that have the advantage of being integrated with their on-demand delivery services.

Suntanu said Yummy’s main edge compared to other cloud kitchens is that it also offers fully managed location and kitchen operation services, in addition to kitchen facilities. This means Yummy’s partners, including restaurants and F&B brands, don’t need to hire their own teams. Instead, food preparation and delivery is handled by Yummy’s workers. The company also provides its clients with a data analytics platform to help them with targeted ad campaigns and making their listings more visible on food delivery apps.

In a statement, Harris Yang, Southeast Asia associate at SoftBank Ventures Asia, said the firm invested in Yummy because “given the company’s strong expertise in the F&B industry and unique value proposition to brands, we believe that Yummy will continue to be the leader in this space. We are excited to support the team and help them scale their business in this emerging sector.”

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LIXIL announces winners for Asia Pacific Property Awards 2020-21

LIXIL continues to empower the real estate sector as a headline sponsor for the Asia Pacific Property Awards

TOKYO, Sept. 7, 2020 /PRNewswire/ — LIXIL, maker of pioneering water and housing products, in partnership with the Asia Pacific Property Awards, today announced the winners for this year’s edition.

Asia Pacific Property Awards 2020-2021

This year there are 628 winners from across Asia Pacific in the Architecture, Development, Interior Design and Real Estate categories. Mainland China swept the maximum awards (146 awards) followed by Thailand (69 awards). This was closely chased by Singapore (58 awards) and Hong Kong (54 awards). Other important markets including Vietnam (44 awards), India (26 awards), Philippines (26 awards) and Indonesia (27 awards) also made a mark at this year’s edition.

In this globally challenging time, the award ceremony was held online and saw the congregation of many renowned names in the architecture and design community. All the top winners for 2020-2021 in the Asia Pacific region will be a part of the International Awards, celebrating their achievements in a virtual ceremony held on 7 September 2020. The Asia Pacific Property Awards are one of the biggest and most established awards in the industry, receiving over 900 entries each year from countries across the entire region. The awards provide recognition to the best companies operating within the architecture, interior design, real estate and property developer sectors. Sponsored by LIXIL Asia through its power brands GROHE and American Standard as part of a three-year partnership as Headline Sponsor from 2019 until 2021, the Asia Pacific Property Awards are the largest branch of the International Property Awards (IPA).

LIXIL, as a global market leader in the water technology industry, recognises the increasing concern around hygiene globally and is pre-empting consumers’ needs for touchless, IoT enabled, hygiene solutions (technologies and products). Through its portfolio of power brands, LIXIL offers pioneering technologies that promote health, hygiene, comfort and sustainability. Each of the power brands have their own star products, including American Standard HygieneClean Technology, award-winning Genie hand shower and Aqua Ceramic; GROHE SmartControl Kitchen Collection and sensor faucets; INAX 3in1Jet Bowl; as well as the SPALET range and the recently launched SATO Tap. Against the backdrop and uncertainties of an ongoing global pandemic, the awards mark a celebratory milestone for the community and for LIXIL Asia to continue providing consumer-centric products across different price points, designs and technologies.

Satoshi Konagai, CEO of LIXIL Water Technology Asia Pacific, expressed, “We extend our heartfelt congratulations to the winners and hope that this memorable moment will be a reminder that good design will shine even during tough times. At LIXIL, consumer centricity is a big part of who we are and what we do as a purpose-driven company. Our industry leading brands cater to consumers across all lifestyle needs, from affordable to luxury ranges, functional to precision technology, and classic to modern design. By awarding these professionals with this industry honour, we want to empower them to rise

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