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.
TRENDING NOW
CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh
Room for more offices, homes and green spaces to make Orchard Road more vibrant
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
MAS revises takeover and merger code to enhance competition and disclosures