Indonesia’s Jago Coffee raises $6m in Series A investment round

The mobile coffee cart operator will use the funding to scale its fleet from 300 to 1,500 and boost its reach in Jakarta, where it is aiming for 50% delivery coverage by the end of 2024

Indonesian mobile coffee cart operator Jago Coffee has raised $6m in a Series A funding round led by existing investors Intudo Ventures and Beenext Accelerate. 

Founded in June 2020, Jago currently operates 300 electric coffee carts across Jakarta. The start-up will use the funding to increase its fleet to 1,500 carts and is seeking to expand its delivery coverage across the Indonesian capital from 7% to 50% by the end of 2024. 

Additionally, Jago will use the investment to upgrade and scale its depot network, which produces and package coffee for its baristas, in a bid to streamline its operations and enhance cost efficiencies. It currently operates from three depots and plans to open an additional 12 to support its expansion drive. 

The Jakarta-based business primarily trades through pick-up and delivery via its mobile app. Jago is currently developing geospatial machine-learning models to map its expansion and prioritise key locations, according to Singapore’s Business Times newspaper. 

“This funding is not just a financial boost – it’s a vote of confidence in our vision and our team,” said CEO Yoshua Tanu. 

Source: worldcoffeeportal.com 

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