Wahyoo gets $5 Million Series a Funding to Digitize Restaurants: Is Digitization Becoming Inevitable?Author Delivery App Development, Food Delivery App Development, Technology, UberEats Clone
Are you an entrepreneur entering the field of food delivery services to support local vendors and small scale restaurants? Do you have an idea to benefit small scale restaurants by aggregating them in a single platform and making a profit out of it? Well, you have come to the right place. The drastic effect of COVID-19 pandemic is pushing restaurants to turn digital. While medium and large scale eateries can easily explore the online medium, local vendors and restaurants struggle to cope with the pandemic situation.
An aspiring entrepreneur can capitalize on this growing need by joining hands with these restaurants. A Jakarta-based startup, Wahyoo, has attained reasonable success with this innovative idea. Besides, it has also received a $5 million investment during its Series A funding from Intudo Ventures, an Indonesian firm. In this blog, we’ll look at Wahyoo made digitization and possible, and the benefits of investing in an UberEats clone that can aggregate multiple local restaurants seamlessly.
Wahyoo and its backdrop
Peter Shearer, an entrepreneur, felt the need for a framework so that little food organizations in Jakarta can have better tasks and get higher personal satisfaction. These small restaurants were, in local terms, called warung makan. This idea transformed into a startup in 2017, helping warung makan organizations to digitize and computerize their undertakings.
The startup has paved the way for those organizations to scale further, both financially and socially. Subsequently, Wahyoo currently has 13,800 warung makan organizations under its belt.
Series A investments and Wahyoo’s expansion plans
As mentioned earlier, Wahyoo received a $5 million Series A investment. Wahyoo plans to utilize this funding in building its tech stage and expanding past the Jakarta region. Wahyoo focuses on the vast Indonesian market that houses a population of over 268 million people. Leveraging on digitization can yield fruitful results as there are warung makan organizations spread across the nook and corner of the region.
While the competition is heavy in the retail segment, the culinary and other services do not house any big players. Besides, Wahyoo has also joined hands with Go Food, a popular food delivery app in Indonesia.
Wahyoo also earns income through its fried chicken establishment that enables local vendors to open a small stall in front of their stores. This way, Wahyoo can bridge the gap between poultry providers and local stores and simultaneously earn a consistent income.
The impact of COVID-19 pandemic
Although the COVID-19 pandemic disrupted the business in its initial stages, the startup has regained its feet, following a healthy June and July phase. With the need for delivery services increasing more than ever and organizations trying hard to establish their online presence, Wahyoo can take the maximum advantage of the unexplored small scale market.
Digitizing can be the way out for restaurants and eateries to reach out to their potential customers amid this pandemic situation. Let’s look at the reasons for digitization in the upcoming section.
Digitizing can enhance productivity
Managing a restaurant can be quite daunting, especially with the paperwork and documentation involved. Having an online platform manage the entire system can make the process more reliable and productive. With an on-demand app to take care of orders, order management can be a piece of cake. By either having a restaurant-specific app or an aggregator platform, an entrepreneur can help restaurants take their business to the next level.
Inventory management is made easier
When it comes to managing inventories, almost 58% of the restaurant owners struggle to keep an eye on their resources. This inefficiency can lead to loss of productivity over time, leading to losing trustworthiness among customers. By digitizing a business, restaurant owners get real-time analytics, helping them make informed decisions.
Digitization can boost your visibility
Reaching out to customers is becoming increasingly difficult for restaurants in this modern era. To add fuel to the flame, the COVID-19 pandemic has made dine-ins out of the picture. However, restaurants can still establish a connection with customers by leveraging the digital medium. Being on the customers’ radar is a significant step that can boost a restaurant’s sales.
Cloud kitchens are thriving too!
When traditional restaurants are hesitating to turn into the online medium, there are restaurants operating completely digital. The concept of cloud kitchen rose to the spotlight a few years back. The expenditure involved in handling a restaurant becomes too much to handle for owners. To avoid this situation, there are virtual kitchens that provide only deliveries. This way, there’s no need to maintain restaurant personnel or pay rent for a 50-seater area.
Do not miss out on this opportunity to go digital
You can either be an entrepreneur who has the idea of aggregating multiple low-scale restaurants or a restaurant owner who needs a specific app. All you have to do is have an online platform that can make the whole digitization process seamless.
At Appdupe, our experts have toiled hard to develop an UberEats clone that is highly reliable, cost-effective, and highly scalable. Our solutions have multiple business models, including the restaurant-specific model, the aggregator model, the restaurant chain model, and more. All you have to do is reach out to us, tell us your needs, and get the app right away.
In your pursuit to gain the stronghold of the food delivery services market, we’ll join hands with you in developing a robust app like UberEats. With digitization becoming inevitable, we’ll provide you state-of-the-art digital solutions at economical prices.
Digitize your business in no time. Get our UberEats clone today
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