DailyCo Sets a New Standard in Indonesian Catering with Waku Acquisition

The Acquisition Boosts Dining Solutions Across Indonesia

The rapidly expanding Indonesian multi-brand food and beverage operator, DailyCo, has recently announced its acquisition of Wadah Kuliner, widely known as Waku. This local food and beverage company has established itself as a market leader in providing comprehensive catering and canteen management services for both corporate and government clients.

This strategic acquisition is intended to enhance DailyCo’s ability to offer scalable and innovative dining solutions tailored to the diverse needs of businesses and institutions throughout Indonesia.

Notably, Waku will continue to function as a wholly owned subsidiary of DailyCo, maintaining its existing partners, systems, and customer base.

Efforts during the integration phase will focus on unlocking operational synergies across various areas such as kitchen infrastructure, procurement, supply chain, and enterprise sales. Moreover, these efforts will aim to enhance workforce development and internal alignment across the board.

Recently, DailyCo has also made headlines by signing a significant deal with the Ministry of Religious Affairs to provide pre-packaged meals for Indonesia’s Hajj Pilgrimage. This partnership opens up a substantial new revenue stream for the company, marking a pivotal chapter for this merged entity.

The demanding nature of this contract is viewed as an opportunity for DailyCo to showcase its capability to manage national-scale institutional clients with operational efficiency.

As a result of this acquisition, DailyCo has now taken charge of one of the most extensive institutional catering networks in the country, positioning itself as a frontrunner in a segment increasingly driven by consolidation, digitization, and shifting workplace expectations.

Emphasizing Workforce Development

In conjunction with the acquisition, Anthony Gunawan, founder and CEO of Waku, has been appointed as Chief HR Officer (CHRO) at DailyCo. This leadership transition underscores DailyCo’s commitment to investing in its people.

The founder and CEO of DailyCo, Kelvin Subowo, expressed confidence in Gunawan’s ability to build and scale a high-impact team that is rooted in world-class company culture practices. He noted that Waku’s strong internal culture was pivotal to its operational success, making Gunawan’s transition to CHRO crucial for replicating that success across the broader DailyCo group.

Gunawan himself echoed the sentiments of opportunity in this new role, stating that joining DailyCo opens doors to enhance their impact while retaining their core mission and brand identity. He expressed a commitment to elevating the standards of how institutional meals can be delivered with consistency, care, and scale.

This acquisition stands as a vital milestone in DailyCo’s ambition to dominate Indonesia’s institutional food services sector, which is characterized by rapid growth and is significantly fragmented, predominantly influenced by smaller, localized operators.

With a growing demand for safety, reliability, and nutritional quality in institutional dining, DailyCo’s strategy aims to expand its B2B footprint by acquiring high-performing businesses with solid operational frameworks, with Waku serving as a prime model.

DailyCo continues to actively seek out strategic M&A opportunities that align with its overarching mission of nourishing the nation.

Capitalizing on a Growing Market

Founded in 2017, Waku provides a wide range of services, including daily meals, snack boxes, buffets, coffee breaks, and pantry supplies, among others.

Some of the notable corporate clients Waku has catered to include Lazada, Bank Central Asia, BRI Group, Mandiri Group, and Tokopedia, demonstrating its capability to manage large-scale events, even catering for occasions like the FIFA World Cup.

The B2B catering market within Jakarta and West Java alone presents an impressive US$62 billion opportunity. Over the past few years, Waku has recorded an incredible 88% year-over-year growth in revenue and achieved EBITDA positivity, delivering over 10 million meals annually to more than 658 clients across 20 cities throughout Indonesia, while maintaining an impressive 98% repeat order rate.

Waku collaborates with over 60 kitchens and boasts a diverse menu with more than 15,000 options designed to meet various dietary needs and event specifications.

As DailyCo integrates Waku into its operations, the platform aims to redefine institutional dining experiences across Indonesia, emphasizing the delivery of high-quality services reliably and consistently.

A Personal Touch in the Catering Experience

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