F&B supplier STOQO collapses, a casualty of Covid-19 restaurant closures in Indonesia

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

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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 spread of Covi...
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Edited by S. Mani

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