DailyCo has acquired Wadah Kuliner (Waku), enhancing its footprint in Indonesia's institutional catering market while emphasizing talent development and operational excellence.
Information on the Target
DailyCo, an Indonesian multi-brand food and beverage operator, has acquired Wadah Kuliner (Waku), a company specializing in B2B catering and canteen services for corporate and governmental clients. The acquisition was announced on a Tuesday, although financial specifics of the deal remain undisclosed. Following the acquisition, Waku's founder and CEO, Anthony Gunawan, will take on the role of Chief Human Resources Officer (CHRO) at DailyCo, where he will focus on talent development and aligning organizational practices across the company.
Waku, founded in 2017, has earned a commendable reputation in the institutional food services sector, serving over 658 clients in 20 cities across Indonesia. With an extensive menu featuring more than 15,000 items, Waku delivers daily meals, snack boxes, pantry supplies, buffets, and coffee breaks, totaling over 10 million meals annually. The company boasts an impressive 98% repeat order rate and operates through a network of over 60 kitchens.
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Industry Overview in Indonesia
Indonesia's institutional catering market is currently fragmented yet holds immense potential, valued at over $62 billion in regions like Jakarta and West Java alone. This market encompasses a range of
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