DailyCo acquires Indonesian catering market leader Waku

Quickly-growing Indonesian multi-brand F&B operator DailyCo introduced its acquisition of Wadah Kuliner (Waku), an area F&B firm that has turn out to be the nation’s market chief relating to complete catering and canteen administration companies for company and authorities purchasers. 

The strategic acquisition is designed to bolster DailyCo’s capabilities in offering scalable and progressive eating options to companies and establishments throughout Indonesia. 

The Waku model will proceed working as an entirely owned subsidiary of DailyCo, retaining its present companions, programs, and buyer base. 

Integration efforts will give attention to unlocking operational synergies throughout kitchen infrastructure, procurement, provide chain, and enterprise gross sales, whereas enhancing workforce growth and inner alignment.

Over the previous a number of weeks, DailyCo additionally signed a noteworthy cope with the Ministry of Non secular Affairs to start supplying Indonesia’s Hajj Pilgrimage with pre-packaged meals, representing a big new income channel for the enterprise. 

The settlement marks an vital new chapter for the merged entity. 

The high-volume, high-complexity nature of the contract is seen as a proving floor for DailyCo’s capability to serve national-scale institutional purchasers with operational excellence. 

With this acquisition, DailyCo now manages one of many largest institutional catering networks within the nation, positioning itself on the forefront of an F&B phase that’s more and more pushed by consolidation, digitization, and evolving office expectations. 

Investing in folks

As a part of the acquisition, Waku founder and CEO Anthony Gunawan was formally appointed Chief HR Officer (CHRO) at DailyCo.

DailyCo Founder and CEO Kelvin Subowo mentioned: “At DailyCo, we don’t simply purchase companies—we put money into folks. From the outset, we noticed distinctive potential in Anthony’s capability to construct and scale a high-impact workforce grounded in world-class firm tradition practices. The energy of Waku’s inner tradition was a key driver of its operational excellence, and we knew that bringing Anthony on as CHRO can be important to replicating that success throughout the broader DailyCo as a bunch.”

For his half, Gunawan mentioned: “Becoming a member of DailyCo opens up new potentialities to broaden our affect, whereas retaining our mission and model DNA intact. Collectively, we’re not solely constructing a bigger enterprise, we’re additionally elevating the bar for a way institutional meals might be delivered: with consistency, care, and scale.”

The acquisition is a key step in DailyCo’s push to guide Indonesia’s institutional meals companies sector, a fast-growing however extremely fragmented market historically dominated by smaller, localized suppliers. 

With elevated demand for security, reliability, and dietary requirements in office and institutional eating, DailyCo is strategically increasing its B2B footprint by buying high-performing companies with robust operational infrastructure, with Waku serving as a major instance.

That mentioned, DailyCo stays actively centered on figuring out strategic M&A alternatives that align with its mission to feed the nation. 

Serving a booming market

Established in 2017, Waku gives an array of companies, together with day by day meals, snack containers, buffets, espresso breaks, pantry provides, and extra. 

Amongst its main company entities are the likes of Lazada, Financial institution Central Asia, BRI Group, Mandiri Group, and Tokopedia, and the corporate has additionally catered for large-scale occasions such because the FIFA World Cup.

The B2B catering market in Jakarta and West Java alone is a US$62 billion alternative. In recent times, 

Waku has clocked an 88 p.c YoY progress in income and reached EBITDA positivity, serving greater than 10 million meals yearly to over 658 purchasers throughout 20 cities in Indonesia, sustaining a 98 p.c repeat order charge. 

The corporate companions with over 60 kitchens and incorporates a menu number of greater than 15,000 choices, catering to numerous dietary preferences and occasion necessities.