Flash Coffee Raises 737 Billion Rupiah Funding; Profitability Claims from Its Business in Indonesia
Funding led by White Star Capital with the support of Delivery Hero, Geschwister Oetker, and Conny & Co.
Startups coffee chain from Singapore Flash Coffee managed to secure series B funding worth $50 million or more than Rp737 billion led by White Star Capital. Other investors participating in the round include Delivery Hero, Geschwister Oetker, and Conny & Co. --- these three came from the blue continent.
The plan is for the fresh funds to be used to accelerate the company's mission of achieving group-level profitability, including sustainably growing its footprint across the Asia Pacific region, doubling technology and product innovation, and further developing the sales performance of existing stores.
Founded in 2020, Flash Coffee made it into the ranks centaurwithin 2 years and currently has more than 200 coffee outlets spread across Singapore, Thailand and Indonesia.
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