
Surplus
Social enterprise that aims to reduce food waste in indonesia.
Date | Investors | Amount | Round |
---|---|---|---|
investor investor | €0.0 | round | |
* | N/A | Seed | |
Total Funding | 000k |
USD | 2022 | 2023 |
---|---|---|
Revenues | 0000 | 0000 |
% growth | - | 6 % |
EBITDA | 0000 | 0000 |
Profit | 0000 | 0000 |
EV | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x |
R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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Surplus is a pioneering food rescue app based in Indonesia, designed to combat food waste by enabling customers to purchase surplus meals from food retailers at a 50% discount before closing time. The app primarily serves micro, small, and medium enterprises (MSMEs) in the food and beverage (F&B) industry, as well as cost-conscious consumers looking for affordable meal options. Operating in the food waste reduction market, Surplus connects users with food vendors who have excess inventory, thereby preventing economic loss for businesses and reducing environmental impact by minimizing food waste.
The business model is straightforward: Surplus partners with various food retailers, including hotels, restaurants, catering vendors, and supermarkets, to list their surplus meals on the app. Customers can browse available meals, choose their preferred pick-up method (self-pickup or delivery), and pay using any e-wallet directly through the app. Surplus generates revenue by taking a commission on each transaction made through the platform.
Surplus also features a community-driven aspect called SurplusHero, where users can join forums to support the Zero Food Waste movement. The app is integrated with delivery services like GoSend, making it convenient for users to receive their orders. By rescuing overproduced meals, Surplus not only provides affordable food options but also helps in reducing CO2 emissions from food waste that would otherwise end up in landfills.
Keywords: food rescue, surplus meals, Indonesia, Zero Food Waste, MSMEs, F&B industry, discounted meals, environmental impact, e-wallet payments, GoSend integration.