Indonesian cloud kitchen brand Legit Group has raised $13.7m in a Series A funding round to support its expansion plan, Deal Street Asia reported.
The funding round was led by MDI Ventures and has seen participation from other investors including Sinar Mas Digital Ventures (SMDV), East Ventures, and Winter Capital.
Legit Group was established in 2021 and operates a full cloud kitchen business model with no offline presence.
It runs four food and beverage brands, Pastaria, Sei’Tan, Sek Fan, and Ryujin in more than 30 locations.
Legit Group chairman Bram Hendrata said: “We are thrilled to have a strong group of investors supporting us in creating F&B [food and beverage] infrastructure that carries the vision of ‘Food for Everyone’.
“Through the new funding, Legit Group will strengthen its commitment to bringing more food to various places, while continuing to innovate and improve the technology we have to achieve a more efficient operating system.”
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Hendrata is also the founder and CEO of Ismaya Group, which operates 18 bars, restaurants and cafes.
The company plans to use the latest capital infusion to expand its presence outside Greater Jakarta.
MDI Ventures CEO Donald Wihardja said: “Legit’s ability to develop innovative product and marketing strategies makes MDI Ventures increasingly confident that our support as a major investor will strengthen their position in the F&B industry and accelerate their business growth.”
Legit Group raised $3m in a seed round that was led by East Ventures in September 2021.