Loading organizations...
Surplus Indonesia operates a food technology platform connecting businesses with excess food inventory to consumers. It features a digital marketplace and an AI-powered inventory management tool. This system enables food businesses to forecast surplus, minimize losses, and distribute products efficiently. Merchants monetize unsold items, while consumers access quality food at discounted prices.
Founded in 2020 during the COVID-19 pandemic by Muh. Agung Saputra and Calvin Rudolph, Surplus Indonesia addressed Indonesia's food waste problem. The founders recognized both economic loss for businesses and environmental impact from discarded food. Their insight led to a scalable solution incentivizing waste reduction and promoting sustainable consumption.
The platform serves food merchants, like restaurants, helping them recover value from surplus. It also caters to consumers seeking affordable meals. Surplus Indonesia aims to significantly reduce national food loss and waste, enhancing food security and contributing to environmental protection by diverting edible products from landfills.
Surplus has 2 tracked investments across 1 company. The latest tracked deal is $28.0M Series B in quantilope in July 2020.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jul 1, 2020 | quantilope | $28.0M Series B | — | Dawn Capital, Hummingbird Ventures, Insight Partners, Markus Grundmann |
| Nov 1, 2018 | quantilope | $8.0M Series A | Dawn Capital | Hummingbird Ventures, Insight Partners, Senovo |