KUALA LUMPUR: Local coffee chain ZUS Coffee has obtained RM250 million in investments from Kumpulan Wang Persaraan (Diperbadankan) (KWAP), KV Asia Capital, and Kapal Api Group to support its global expansion.
In a statement today, the coffee chain announced that new markets are forthcoming, with ZUS Coffee set to debut in Singapore and Brunei between September and the end of the year.
"ZUS Coffee is currently also in active discussions with potential partners in other international markets and expects to serve more customers across new geographies in 2025," it said.
In 2023, ZUS Coffee launched its first store in the Philippines and has received strong brand and product acceptance.
The coffee chain currently operates 50 stores in the Philippines and aims to become a market leader in the country within the next three years.
The brand operates about 600 stores across the region and is aggressively expanding its store portfolio in Malaysia.
ZUS Coffee founder and chief executive officer Ian Chua stated that this partnership will not only expand the core coffee business but also facilitate entry into new areas such as fast-moving consumer goods (FMCG).
"With our shared tech-driven approach, we are committed to making specialty coffee accessible, affordable, and exciting."
"Our vision is to establish ZUS Coffee as a globally recognised Malaysian brand, sharing Malaysian's commitment to quality and community to coffee lovers worldwide," he said.
KWAP chief investment officer Hazman Hilmi said that domestically, the focus will be on assisting ZUS Coffee in strengthening its presence by expanding its store network across the country and continuously contributing to the community through job creation and local initiatives.
"Internationally, we are excited to assist the brand in expanding its footprint into new markets globally, further propelling ZUS Coffee, and Malaysia as a significant player on the world stage," he adds.