by Ulisari Eslita
Today, culinary startup Mangkokku announced its first external and institutional funding of $2 million from capital firm Alpha JWC. The investment will be utilized to expand Mangkokku’s business.
"We aim Mangkokku to be Indonesia’s largest F&B group, targeting the mass market and building our ecosystem of multiple brands and culinary institution,” said Randy Kartadinata, CEO of Mangkokku. The investment will enable Mangkokku to step beyond rice bowls next year, starting with beverages, desserts, and packaged chili sauce (sambal).
Mangkokku was founded in 2019 by Indonesian Masterchef judge Arnold Poernomo and seasoned businessman Randy Kartadinata, in collaboration with serial F&B entrepreneurs Gibran Rakabuming and Kaesang Pangarep, sons of President Joko "Jokowi" Widodo. While the latter two take more advisory roles, Arnold spearheads Mangkokku’s research and development, and Randy handles business and expansion.
Mangkokku currently operates 22 branches in the Greater Jakarta area, and will soon enter Surabaya. Staying true to their name, which means ‘my bowl’ in Bahasa Indonesia, Mangkokku is a culinary startup that offers professional chef-level dishes in the form of rice bowls at affordable prices. Though the rice bowl is a Japanese concept, Mangkokku tweaks its dishes to Indonesian taste and uses local ingredients. At present, the company has 12 menus, priced between Rp 19,000 to Rp 54,000.