F&B supplier STOQO collapses, a casualty of Covid-19 restaurant closures in Indonesia
- Indonesia
- 2 min read
- May 01, 2020
- By Putu Agung Wija Putera
STOQO bids farewell in a message on its website © STOQO
A once promising startup, STOQO's woes reflect the challenges faced by the local F&B industry, which is finding new ways to stay afloat
Indonesian startup STOQO, which sold raw ingredients and supplies to F&B businesses, has closed down after a drastic fall in revenue due to the Covid-19 pandemic.
On April 27, the company announced on its website: “With a heavy heart, we announce that STOQO has ceased operations.” An earlier message on the website had told users, “Wait for us to come back!”
STOQO's closure confirmed a April 25 report by DealStreetAsia, which cited unnamed sources.
Indonesia’s F&B businesses are among the hardest hit by the social restriction measures imposed to prevent the sp...
On April 27, the company announced on its website: “With a heavy heart, we announce that STOQO has ceased operations.” An earlier message on the website had told users, “Wait for us to come back!”
STOQO's closure confirmed a April 25 report by DealStreetAsia, which cited unnamed sources.
Indonesia’s F&B businesses are among the hardest hit by the social restriction measures imposed to prevent the sp...
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