DailyCo Eyes Expansion Through Strategic Acquisitions
Deal News | Apr 01, 2025 | Vertex Venture Management Pte
DailyCo, an Indonesia-based multi-brand F&B operator, is aggressively pursuing a strategic M&A plan to accelerate its growth trajectory. The company, founded by Kelvin Subowo, is in advanced talks to acquire more than 15 food brands in 2023, including Dunkin' Indonesia and PT Inti Prima Rasa. Subowo emphasizes a focus on brands with strong fundamentals, synergy potential, and solid margin structures. With a new funding round in preparation, DailyCo aims to attract strategic investors who can facilitate regional market entry while maintaining operational control. The company has transitioned from a cloud kitchen model to a hybrid B2B and B2C strategy, offering a solid foundation for sustained growth. Through acquisitions, DailyCo aspires to balance volume-driven B2B business with higher-margin B2C offerings, with an overarching objective to consolidate at a 17% EBITDA margin at the group level.
Sectors
- Food & Beverage
- Mergers & Acquisitions
- Private Equity
Geography
- Indonesia – The article primarily focuses on activities within the Indonesian food and beverage sector, including potential acquisitions of local brands.
- Southeast Asia – DailyCo's interest in bringing strategic investors from conglomerates with a strong Southeast Asia presence highlights the geographical focus on regional market expansion.
Industry
- Food & Beverage – The article discusses acquisitions and strategic growth within the food and beverage industry, focusing on brands like Dunkin' Indonesia and PT Inti Prima Rasa.
- Mergers & Acquisitions – DailyCo's strategy heavily revolves around acquiring multiple food brands to scale operations and expand market reach.
- Private Equity – The strategic funding being raised is relevant to the role of private equity in supporting company expansions and acquisitions.
Financials
- $24 million – The size of the Series B funding round led by Northstar Group and Vertex Growth in June 2022, which is indicative of the new funding target.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| DailyCo | Target Company | Company | An Indonesia-based multi-brand F&B operator seeking to expand through acquisitions. |
| Kelvin Subowo | CEO and Founder | People | Founder and CEO of DailyCo, spearheading the company's growth and M&A strategy. |
| Dunkin' Indonesia | Potential Target Company | Company | A legacy food brand in Indonesia, potentially part of DailyCo's acquisition strategy. |
| PT Inti Prima Rasa | Potential Target Company | Company | An Indonesian food brand and catering service with potential synergies for DailyCo. |
| Vertex Growth | Investor | Company | A lead investor in DailyCo's previous $24-million Series B funding round. |
| Northstar Group | Investor | Company | A lead investor in the previous funding round, contributing to DailyCo's growth capital. |