Oil Prices Jump as U.S.-Iran Conflict and Strait of Hormuz Tensions Shake Global Markets 
Goldman Sees Foreign Investors Driving India Stock Market Recovery 
Asian Stocks Slide as Oil Surge, U.S.-Iran Tensions and Fed Rate Bets Weigh on Markets 
Paramount-Warner Bros. Discovery Merger Faces Lawsuit From 12 States 
Glastonbury is as popular than ever, but complaints about the lineup reveal its generational challenge 
Locked up then locked out: how NZ’s bank rules make life for ex-prisoners even harder 
Yes, government influences wages – but not just in the way you might think 
South Korea Central Bank Set to Raise Interest Rates as Inflation Stays Elevated 
How to support someone who is grieving: five research-backed strategies 
SK Hynix Soars 13% in Nasdaq Debut After Record $26.5 Billion IPO 
Heritage, desire and diplomacy: why China still values scotch whisky 
Morgan Stanley Says China’s Reusable Rocket Progress Poses Long-Term Challenge to SpaceX 
Elon Musk Says Anthropic Leads AI Race as Claude Models Challenge OpenAI 
Australia Flags Child Safety Gaps at Apple, Meta, Google Over Online Sexual Extortion 
Asian Currencies Weaken as Stronger Dollar Weighs, Yen Supported by GPIF Repatriation Hopes 
Fast Retailing Raises Full-Year Forecast After Uniqlo Owner Beats Q3 Profit Estimates 
SK Hynix Shares Drop After Strong Nasdaq Debut Despite $26 Billion ADR Listing 
JumpStart Coffee, Indonesia's largest smart coffee bar, accelerates its global vending technology advancement with a fresh Series B funding round. The firm aims to expand its coffee vending network domestically and internationally by 2025, posing a dynamic rival for tech-based coffee companies like Singapore's Flash Coffee.
The Indonesian smart coffee bar is seeking to expand its smart vending machine network across the country and internationally between now and 2025. The amount raised by JumpStart Coffee in the investment round led by Cool Japan Fun and Living Lab Ventures has not been disclosed.
Claiming to be the biggest and fastest-growing smart coffee bar in Indonesia, JumpStart Coffee offers a self-serving vending machine with a selection of 20 iced and hot coffees. The beverages are priced at US$1 and higher.
JumpStart Coffee uses artificial intelligence software to manage stock levels and monitor sales data. Founded in 2018, JumpStart Coffee operates over 2000 coffee machines in Jakarta, Surabaya, and Bandung, with plans to expand to Java and Bali, and other major cities.
Earlier this month, Singapore-based Flash Coffee concluded its White Star Capital Series B financing round, raising US $50 million. The tech-enabled coffee company plans to expand into Indonesia, with plans to open in Surabaya in July. It has a presence in Jakarta and Bandung.
According to David Brunier, Flash Coffee founder and CEO, all of their 92 stores in Indonesia are profitable, and they are eager to expand their presence into additional Indonesian cities to drive sustainable growth.
Brunier described Indonesia as a solid product-market fit. The company plans to use the additional funding to speed up the completion of group-level profitability by 2024. It intends to intensify product and technology innovation while also boosting sales at current stores.
Along with Indonesia, Flash Coffee also operates in Thailand, Taiwan, South Korea, Singapore, and Hong Kong.
Photo: Javier Molina/Unsplash
