JIWA Group Obtains Funding, Changing the Local Coffee Industry Landscapet with Grab & Go Concept
Many coffee chain players currently focus on digital system development to increase user retention and product distribution
Randi Eka - 8 November 2021
Coffee chain startup "JIWA Group" or known as one of its products, Kopi Janji Jiwa, announced funding from Openspace and Capsquare Asia Partners. The nominal investment is undisclosed, however, the fresh funds would be focused on increasing business expansion. Moreover, the two investors are considered to have the best practices in the local and regional value-chain markets.
Was founded in 2018, the company has overshadowed 3 product brands. Aside from coffee, it also offers Jiwa Toast and Jiwa Tea. In total, there are around 1000 outlets operated in 100 cities in Indonesia. Throughout 2021, it is said that the company has sold 40 million products, increased by two times compared to the same period the previous year.
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