The Business Times
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Battle of brews: After Flash Coffee, who’s who in the fight for coffee supremacy in Singapore

Competition is brewing as Singapore is poised to become the next battleground for a wave of tech-enabled coffee chains

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Claudia Chong &

Alvina Soh Yijing

Published Tue, Oct 17, 2023 · 01:34 PM
    • Tech investors have poured US$373 million into South-east Asia’s coffee chains, resulting in them growing explosively in their home countries and expanding into Singapore.
    • Tech investors have poured US$373 million into South-east Asia’s coffee chains, resulting in them growing explosively in their home countries and expanding into Singapore. PHOTO: BT FILE

    SINGAPORE’S small population belies its place among the world’s top coffee-drinking countries. Analytics company GlobalData indicated that the city-state consumed 122.7 litres of coffee per capita in 2022 – or 330 ml per person per day. 

    Yet, the voluntary winding up by Flash Coffee reflects the intense competition in the tech-enabled coffee scene here.

    Tech investors have poured US$373 million into South-east Asia’s coffee chains, based on Preqin data.

    CoffeeFlash CoffeeLuckin CoffeeLiquidationSpotlight

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