Needs Co., Ltd. announced on the 31st that it had attracted pre-A stage investment from MY Social Company (MYSC). The investment amount was not disclosed.
Needs Co., Ltd. is leading the digital transformation and efficiency of the restaurant industry through its integrated food inventory and order management solution, 'MIRI'. 'MIRI' automatically collects and analyzes the food inventory data of stores, recommends ordering time and quantity based on AI, and provides a system that leads to automatic ordering. This system helps restaurant store managers reduce mistakes and errors in the ordering process, thereby realizing efficient inventory management and cost reduction.
We are digitizing the inventory management system that used to rely on the existing analog method, and supporting small and medium-sized restaurants and brands to easily introduce digital solutions. Through this, we are focusing on reducing the operational burden of small business owners and enhancing their competitiveness.
With this investment, Needs plans to accelerate service advancement and market expansion. It plans to improve the functions of demand prediction systems and automatic ordering systems to increase operational efficiency for small business owners in the restaurant industry and lay the foundation for global expansion.
A MYSC official said, “Needs Co., Ltd. has the potential to solve operational efficiency issues in the restaurant industry based on data, increase the efficiency of food material management through inventory management and expiration date tracking systems, reduce food waste, and create social value by protecting the health and safety of consumers.”
“We will automate inventory management and ordering processes in the restaurant industry through pre-service and lead the digital transformation of the entire restaurant industry,” said Park Sang-ho, CEO of Needs. “Based on this investment, we will solve problems for small business owners and franchises and expand our influence in the global market with differentiated solutions.”
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