Hangry Closes $13 Million Series A

1 month ago . 1 min read
MP
Marella Putri
Writer at Forbes Indonesia
Hangry Closes $13 Million Series A
Cofounders of Hangry, from left: Andreas Resha, Abraham Viktor, and Robin Tan.

Culinary multibrand startup Hangry today announced that it has successfully closed a $13 million Series A funding. The oversubscribed round was led by Alpha JWC Ventures, and participated by Atlas Pacific Capital, Salt Ventures, and Heyokha Brothers. This follows its $3 million seed funding from Sequoia Capital India's accelerator program Surge and Alpha JWC Ventures, which was raised last year.

The new capital will be used to realize its national expansion plan in 2021 and 2022. While focusing on growing its cloud kitchen outlets, Hangry plans to scale up to more than 120 outlets in total with more than 20 dine-in restaurants across Indonesia this year.

“Hangry’s concept has always been a multibrand, multichannel company, so opening dine-in stores has always been in the pipeline. As we have figured out the recipe for cloud kitchen success and with society getting ready to go back to normalcy, including to eat out, it is time to introduce more Hangry restaurants,” explained Abraham, cofounder and CEO of Hangry.

He also added that this growing trust and funding reflected the company's resilience amid the pandemic last year, as it managed to open more than 35 outlets and claimed to grow 22 times.

Founded by Abraham Viktor, Andreas Resha, and Robin Tan in 2019, Hangry is a fast-growing culinary startup with a cloud kitchen and multi-brand concept. Having more than 40 outlets in Jakarta and Bandung, Hangry currently has five inhouse brands: Ayam Koplo, Kopi Dari Pada, San Gyu, Bude Sari, and Moon Chicken. Their ambition is to create the next Indonesia-based global food brand, by becoming the biggest F&B brand in the country by 2025 and globally by 2030.

Abraham Viktor and Robin Tan are honorees of Forbes Indonesia 30 Under 30 2021.

MP
Written By
Marella Putri
Writer at Forbes Indonesia
Topics
Entrepreneurs