DailyCo, an Indonesia-based multi-brand food and beverage (F&B) operator, has acquired Wadah Kuliner (Waku), a local F&B company offering catering and canteen management services for corporate and governmental clients.

DailyCo said in a statement on Tuesday that with this acquisition, the firm now manages one of the largest institutional catering networks in the country, positioning itself at the forefront of an F&B segment that is increasingly driven by consolidation, digitization, and evolving workplace expectations.

It highlighted that the B2B catering market in Jakarta and West Java alone is a $62 billion opportunity.

Established in 2017, Waku offers an array of services, including daily meals, snack boxes, buffets, coffee breaks, pantry supplies, and more.

In recent years, the firm has clocked an 88 percent year on year growth in revenue and reached EBITDA positivity.

It serves more than 10 million meals annually to over 658 clients across 20 cities in Indonesia, maintaining a 98 percent repeat order rate.

The company partners with over 60 kitchens and features a menu selection of more than 15,000 options, catering to diverse dietary preferences and event requirements.

Waku Founder and Chief Executive Officer Anthony Gunawan has been appointed Chief HR Officer (CHRO) at DailyCo.

The strategic acquisition is designed to bolster DailyCo’s capabilities in providing scalable and innovative dining solutions to businesses and institutions across Indonesia.

The Waku brand will continue operating as a wholly owned subsidiary of DailyCo, retaining its existing partners, systems, and customer base.

Integration efforts will focus on unlocking operational synergies across kitchen infrastructure, procurement, supply chain, and enterprise sales, while enhancing workforce development and internal alignment through Anthony’s new role in human capital leadership, said the statement.

In recent weeks, the firm inked a noteworthy deal with the Ministry of Religious Affairs to begin supplying Indonesia’s Hajj Pilgrimage with pre-packaged meals, representing a significant new revenue channel for the business. The agreement marks an important new chapter for the merged entity.

The high-volume, high-complexity nature of the contract is seen as a proving ground for DailyCo’s ability to serve national-scale institutional clients with operational excellence.

Other marquee clients served by Waku include corporate entities such as Lazada, Bank Central Asia, BRI Group, Mandiri Group, and Tokopedia, as well as large-scale events such as the FIFA World Cup.

“At DailyCo, we don’t just acquire businesses—we invest in people. From the outset, we saw exceptional potential in Anthony’s ability to build and scale a high-impact team grounded in world-class company culture practices,

“The strength of Waku’s internal culture was a key driver of its operational excellence, and we knew that bringing Anthony on as CHRO would be critical to replicating that success across the broader DailyCo as a group,” DailyCo Founder and Chief Executive Officer Kelvin Subowo said.

The acquisition is a key step in DailyCo’s push to lead Indonesia’s institutional food services sector, a fast-growing but highly fragmented market traditionally dominated by smaller, localized providers.

With increased demand for safety, reliability, and nutritional standards in workplace and institutional dining, the firm is strategically expanding its B2B footprint by acquiring high-performing businesses with strong operational infrastructure, with Waku serving as a prime example.

DailyCo said it remains actively focused on identifying strategic merger and acquisition (M&A) opportunities that align with its mission to feed the nation. Interested parties are encouraged to get in touch with the team.

“Joining DailyCo opens up new possibilities to expand our impact, while keeping our mission and brand DNA intact,

“Together, we’re not only building a larger business—we’re also raising the bar for how institutional meals can be delivered: with consistency, care, and scale,” the newly minted as CHRO of DailyCo Anthony Gunawan said.

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