China Buys 1 Million Tons of U.S. Soybeans Ahead of Xi Visit 
Fitch Eyes Japan Budget for Fiscal Discipline 
Debate over H-1B visas shines spotlight on US tech worker shortages 
Oil Prices Hold Near Highs as U.S.-Iran Conflict Escalates 
China Inflation Accelerates in August as CPI, PPI Rise 
Time to buy local: war fuel price shocks reveal the folly of a long food supply chain 
Columbia Student Mahmoud Khalil Fights Arrest as Deportation Case Moves to New Jersey 
Brazil Court Suspends Sigma Lithium Mine Operations 
Heritage, desire and diplomacy: why China still values scotch whisky 
The pandemic is still disrupting young people’s careers 
Can your cat recognise you by scent? New study shows it’s likely 
Yes, government influences wages – but not just in the way you might think 
Booked to travel through the Middle East? Here’s why you shouldn’t cancel your flight 
Stuck in a creativity slump at work? Here are some surprising ways to get your spark back 
Longsys Raises $903 Million in Hong Kong IPO as Shares Debut Flat 
Gold Prices Rebound as Dollar Weakens, Fed Decision Looms 
Add as a preferred source on Google
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
