- Koppiku, a Malaysian coffee chain, secures $2.5M funding from Vertex Ventures and Reshape Ventures.
- The startup’s share price has surged by over 7x since its previous funding round.
- Koppiku aims to make premium coffee accessible, with prices ranging from $1.07 to $2.13.
Significant share price increase
Malaysia-based coffee chain Koppiku has secured US$2.5 million in funding from Vertex Ventures, Reshape Ventures, and other investors.
According to data from Alternatives.pe, which tracks regulatory filings in Singapore, the startup’s share price has surged by over 7x since its previous funding round in August 2023, indicating strong investor confidence in the company’s growth potential.
Accessible premium coffee
Founded in 2023 by Rajiv Bhanot and Mellisa Lim, Koppiku aims to make premium coffee accessible to all consumers.
The company’s beverages are priced between 5 ringgit (US$1.07) and 9.90 ringgit (US$2.13), excluding substitutions and add-ons, offering an affordable option for coffee lovers in Malaysia.
Koppiku launched its first store in Kuala Lumpur in September 2023, marking the beginning of its journey to expand its presence in the country.
Growing competition
Koppiku’s investors include notable figures such as Sachin Bhanot, head of investments for Southeast Asia, Australia, and New Zealand at Prosus Ventures, and Hann Yeoh, managing partner at AC Ventures.
The startup has also received support from Antifragile Ventures, which has previously invested in Philippines’ Pickup Coffee. As coffee consumption continues to rise in Malaysia, Koppiku faces competition from both homegrown and international coffee chains, including ZUS Coffee, Gigi Coffee, and Indonesia’s Kopi Kenangan.
The latest funding round will likely be used to fuel Koppiku’s expansion plans and strengthen its position in the Malaysian market.
With its focus on providing accessible premium coffee and the backing of prominent investors, Koppiku is well-positioned to capitalize on the growing demand for quality coffee in Malaysia and potentially beyond.
To read the original article in its entirety: https://www.techinasia.com/malaysiabased-coffee-chain-koppiku-brews-25m-funding
