DailyCo Expands Reach with the Acquisition of Leading Indonesian Caterer Waku
DailyCo has successfully acquired Wadah Kuliner (Waku), a top player in the Indonesian catering sector, enhancing its service offerings to corporate and government clients.
DailyCo Expands Reach with the Acquisition of Leading Indonesian Caterer Waku
DailyCo, a rapidly-growing Indonesian multi-brand food and beverage (F&B) operator, has announced its acquisition of Wadah Kuliner (Waku), a prominent local business recognized for its comprehensive catering and canteen management services tailored to corporate and government clientele.
This strategic move is set to enhance DailyCo’s capacity to deliver scalable and innovative dining solutions throughout Indonesia.
Key Aspects of the Acquisition
- Waku’s Operations: Waku will continue as a wholly owned subsidiary of DailyCo, retaining its current partnerships, systems, and customer base. Integration strategies will focus on enhancing operations across various aspects such as kitchen infrastructure, procurement, and supply chain.
- New Revenue Streams: DailyCo has also signed a significant agreement to supply pre-packaged meals for Indonesia’s Hajj Pilgrimage, opening a new revenue channel.
- Leadership: Anthony Gunawan, Waku’s founder and CEO, has been named Chief HR Officer (CHRO) at DailyCo, reinforcing their commitment to investing in people.
Market Impact
By acquiring Waku, DailyCo now manages one of Indonesia’s largest institutional catering networks, adapting to the rapidly evolving expectations within the F&B segment. The Indonesian B2B catering market in Jakarta and West Java is poised at $62 billion, with Waku showing impressive growth metrics, serving over 10 million meals annually.
Growth Vision
DailyCo remains focused on identifying strategic mergers and acquisitions to bolster its mission of delivering quality institutional meals while meeting increasing demands for safety and nutritional standards.
