Ijooz squeezes US$2.5 million in net profit in FY 2024
The company aims to list on a US stock exchange by 2027
IN JAPAN, where fresh fruit is considered a luxury item, a single orange can cost US$13.
It’s no surprise then that Ijooz, a vending machine startup specialising in fresh and affordable orange juice, has become a hit.
Founded in Singapore in 2016, Ijooz’s machines have been deployed to 32 countries worldwide. These machines dispense cups of freshly squeezed juice, priced at S$2 in Singapore and 350 yen (S$2.91) in Japan. They are equipped with an Internet of Things device that enables the company to remotely monitor when they need replenishing.
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