# Surplus Indonesia

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/surplus-indonesia

- Industry: Internet
- Headquarters: Jakarta, Indonesia
- Website: www.surplus.id
- Latest round: Seed (Jan 17, 2023)
- Investors on record: 1

## About

Founded in 2020 and based in Jakarta, Indonesia, PT Indonesia Circular Economy, dba Indonesia, operates as an online platform that engages in food and beverage delivery services. Muhammad Agung Saputra (CEO) and Calvin Rudolph (COO) are the co-founders of the company. In January 2023, Surplus Indonesia raised seed funding from SPIL Ventures.

The company provides a mobile application, the Surplus app, that connects individuals with surplus food from various partners, such as hotels, restaurants, catering services, and supermarkets. The firm’s app allows users to save their food items, choose a retrieval method (self-pickup or delivery), and pay using integrated e-wallet options like Surplus Pay. The company’s partners include Flash Coffee, Luna’s Doughnuts, Sheraton, Meridien, Harris Hotels, Super Furry, and others. Surplus Indonesia caters to both consumers seeking budget-friendly options and micro, small, and medium enterprises (MSMEs) in the F&B sector. The firm’s mobile application is available for download on both the Apple Store and Google Play.

The organization plans to use the January 2023 funding to widen its product offerings and develop preventive waste management.

## Funding rounds

- Seed, Jan 17, 2023 — SPIL Ventures

## Investors

- SPIL Ventures (https://capitalatlas.ai/funds/spil-ventures) — Seed