About Surplus
Surplus is a company based in Jakarta (Indonesia) founded in 2020 by Calvin Rudolph and Muhammad Agung Saputra.. Surplus offers products and services including Surplus App, Delivery Service, and Payment Methods. Surplus operates in a competitive market with competitors including Gifood and MyFreeFood, among others.
- Headquarter Jakarta, Indonesia
- Founders Calvin Rudolph, Muhammad Agung Saputra
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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
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- Legal Name Pt Ekonomi Sirkular Indonesia
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Globalization Partners
& 2 more
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Employee Count
Employee Count
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Products & Services of Surplus
Surplus offers a comprehensive portfolio of products and services, including Surplus App, Delivery Service, and Payment Methods. 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.
App for buying discounted surplus and overstock products
Provides shipping options for practical order fulfillment
Offers easy payment solutions for transactions
Funding Insights of Surplus
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2023 | Amount | Seed - Surplus | Valuation | SPIL |
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| Apr, 2022 | Amount | Grant - Surplus | Valuation |
investors |
| 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 Surplus
Surplus has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Globalization Partners, SPIL and B Capital. 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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Multistage investments are directed toward technology, healthcare, and climate sectors.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Global teams are hired via AI platform without subsidiaries.
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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 Surplus
| 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 - Surplus
| 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 |
Surplus Comparisons
Competitors of Surplus
Surplus 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 Gifood and MyFreeFood, 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 |
Platform for sharing surplus food to reduce waste and address hunger.
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| domain | founded_year | HQ Location |
An online platform for discovering and ordering new and surplus food from restaurants.
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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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Frequently Asked Questions about Surplus
When was Surplus founded?
Surplus was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Where is Surplus located?
Surplus is headquartered in Jakarta, Indonesia. It is registered at Jakarta, Jakarta, Indonesia.
Who is the current CEO of Surplus?
Muhammad Agung Saputra is the current CEO of Surplus. They have also founded this company.
What does Surplus do?
Surplus was established in 2020 in Jakarta, Indonesia, as an online platform in the food retail sector. Connections are facilitated between customers and surplus meals from restaurants, hotels, bakeries, farms, supermarkets, and food retailers. Purchases of these meals are enabled, while referral codes and discount vouchers are offered to support transactions. Operations focus on reducing food waste through accessible ordering in the Indonesian market.
Who are the top competitors of Surplus?
Surplus's top competitors include Gifood and MyFreeFood.
What products or services does Surplus offer?
Surplus offers Surplus App, Delivery Service, and Payment Methods.
Who are Surplus's investors?
Surplus has 3 investors. Key investors include Globalization Partners, SPIL, and B Capital.