About GarudaFood
GarudaFood is a company based in Jakarta (Indonesia) founded in 1990.. GarudaFood has raised $150 million across 2 funding rounds from investors including CVC and Hormel Foods. The company has 9,220 employees as of December 31, 2024. GarudaFood offers products and services including Garuda Biscuits, Chocolatos, Gery Snacks, Clevo Milk Drinks, and Prochiz Cheese Products. GarudaFood operates in a competitive market with competitors including Danone, RJ Corp, Hain Celestial, Pioneer Foods and Premier Foods, among others.
- Headquarter Jakarta, Indonesia
- Employees 9220 as on 31 Dec, 2024
- Stage Public
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Sectors
Consumer
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Pt Garudafood Putra Putri Jaya Tbk
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Annual Revenue
$755.98 M (USD)16.05as on Dec 31, 2024
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Net Profit
$38.57 M (USD)7.59as on Dec 31, 2024
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EBITDA
$84 M (USD)8.17as on Dec 31, 2024
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Total Equity Funding
$150 M (USD)
in 2 rounds
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Latest Funding Round
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Investors
CVC
& 1 more
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Employee Count
9220
as on Dec 31, 2024
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IPO & Listings of GarudaFood
GarudaFood is a publicly listed company on the IDX with ticker symbol GOOD in Indonesia, operating in the Consumer non-durables sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of GarudaFood
GarudaFood offers a comprehensive portfolio of products and services, including Garuda Biscuits, Chocolatos, Gery Snacks, Clevo Milk Drinks, and Prochiz Cheese Products. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Biscuits and related products for everyday consumption.
Chocolate-based snacks and drinks for consumer enjoyment.
Variety of nut and pellet snacks for quick meals.
Milk-based drinks in larger packaging for daily use.
Cheese and related items for food preparation.
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Funding Insights of GarudaFood
GarudaFood has successfully raised a total of $150M across 2 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
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First Round
First Round
(12 Jun 2018)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2022 | Amount | Post-IPO - GarudaFood | Valuation |
investors |
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| Jun, 2018 | Amount | Private Equity Round - GarudaFood | Valuation | CVC |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in GarudaFood
GarudaFood has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include CVC and Hormel Foods. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Mezzanine financing and equity investments are provided by CVC.
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Founded Year | Domain | Location | |
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Food products are manufactured and distributed internationally.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by GarudaFood
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - GarudaFood
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Garudafood Comparisons
Competitors of GarudaFood
GarudaFood operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Danone, RJ Corp, Hain Celestial, Pioneer Foods and Premier Foods, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Health-focused dairy and plant-based food products are offered.
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| domain | founded_year | HQ Location |
Food and beverage products are branded, with diverse sectors engaged.
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| domain | founded_year | HQ Location |
Hain Celestial is focused on better-for-you food and personal care products.
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| domain | founded_year | HQ Location |
Multicategory food and beverage company
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| domain | founded_year | HQ Location |
Processed food products are produced and marketed by Premier Foods.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Garudafood
Frequently Asked Questions about GarudaFood
When was GarudaFood founded?
GarudaFood was founded in 1990 and raised its 1st funding round 28 years after it was founded.
Where is GarudaFood located?
GarudaFood is headquartered in Jakarta, Indonesia. It is registered at Jakarta, Jakarta, Indonesia.
Who is the current CEO of GarudaFood?
Hardianto Atmadja is the current CEO of GarudaFood.
Is GarudaFood a funded company?
GarudaFood is a funded company, having raised a total of $150M across 2 funding rounds to date. The company's 1st funding round was a Private Equity Round of $150M, raised on Jun 12, 2018.
How many employees does GarudaFood have?
As of Dec 31, 2024, the latest employee count at GarudaFood is 9,220.
What is the annual revenue of GarudaFood?
Annual revenue of GarudaFood is $755.98M as on Dec 31, 2024.
What does GarudaFood do?
GarudaFood was established in 1990 and is headquartered in Jakarta, Indonesia. Operations focus on the food and beverages sector, where a range of products such as biscuits, chocolates, dairy items, and functional drinks are produced and distributed. The majority of sales occur within the Indonesian market, with product information primarily provided in Bahasa Indonesia.
Who are the top competitors of GarudaFood?
GarudaFood's top competitors include RJ Corp, Danone and Hain Celestial.
What products or services does GarudaFood offer?
GarudaFood offers Garuda Biscuits, Chocolatos, Gery Snacks, Clevo Milk Drinks, and Prochiz Cheese Products.
Is GarudaFood publicly traded?
Yes, GarudaFood is publicly traded on IDX under the ticker symbol GOOD.
Who are GarudaFood's investors?
GarudaFood has 2 investors. Key investors include CVC, and Hormel Foods.
What is GarudaFood's ticker symbol?
The ticker symbol of GarudaFood is GOOD on IDX.
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