Serve Robotics, the autonomous sidewalk delivery company that spun out from Uber-owned Postmates in March, has closed an expanded seed round at $13 million. The company will use the funds to accelerate its expansion plans into new customer segments and geographic areas, which will require them to build more sidewalk robots to fuel that growth. […]
Tech-enabled coffee chain to expand in the Philippines, six other markets this year
April 15, 2021 | 5:12 pm
Flash Coffee, a Singapore-based, tech-enabled coffee chain, announced that it raised $15 million in Series A funding in a round led by White Star Capital, with participation from investors including Delivery Hero-backed DX Ventures, Global Founders Capital, and Conny & Co.
The Series A round sets the total capital raised to $20 million, and will be used to expand the brand in 10 markets across the Asia Pacific this year, including seven new markets: Hong Kong, Taiwan, South Korea, Japan, Malaysia, the Philippines, and Vietnam.
The company aims to digitize the offline-dominated coffee industry with a consumer app that has a streamlined pick-up feature, loyalty program, personalized promotions, and interactive challenges. It also has a barista app that improves operational store efficiency and enables performance-based incentives for its baristas.
Coffee chain Flash Coffee raises $20 07m in Series A funding msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Flash Coffee Eyes Indonesia, Asia Expansion Following $15m Series A Funding BY :JAKARTA GLOBE APRIL 08, 2021
Jakarta. Flash Coffee, a coffee chain backed by Rocket Internet, plans to add more outlets in Indonesia and expand in more countries in Asia after securing $15 million in Series A funding led by White Star Capital, the company said in a statement on Wednesday.
Flash Coffee is the latest coffee chain to compete in Indonesia s burgeoning beverage market that includes homegrown rivals like Kopi Kenangan backed by rapper Jay-Z and tennis star Serena Williams Kopi Kulo, and Janji Jiwa.
The company s latest funding round, which also saw participation from Delivery Hero-backed DX Ventures, Global Founders Capital, and Conny & Co, pushed the total capital raised by Flash Coffee to $20 million.