Rapidly Expanding Nowwa Coffee Reportedly Secures Healthy New C-Series Funding

Benzinga_recent_news02-02

The chain that distinguishes itself for its ‘healthy coffee' has grown to more than 10,000 outlets just five years after its founding Image credit: Bamboo Works The fast-growing Nowwa Coffee chain has...

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The fast-growingNowwa Coffeechain has raised tens of millions of dollars in its Series C funding round as it rapidly carves out a space in China's coffee market. Investors in the latest round, worth \"hundreds of millions of yuan,\" included Legend Capital, Oris Fund, Meridian Capital, Challenjers Venture, V Star Capital and GSR Ventures, according toChinese media reportslast week.The funding was the biggest in China's catering industry in the last year, according to one of the reports. No valuation was given.Nowwa, whose name derives from \"Nowadays,\" is trying to set itself apart from the crowd by positioning the chain as a provider of \"healthy coffee.\" Its orange-and-white themed stores distinguish their products with clear labeling for their low sugar, fat and calorie contents.Benzinga Disclaimer: This article is from an unpaid external contributor. It","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4212":"包装食品与肉类","JVA":"Coffee Holding Co"},"translate_title":"据报道，快速扩张的Nowwa Coffee获得了健康的新C轮融资","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"JVA":1.5},"content_text":"The chain that distinguishes itself for its ‘healthy coffee' has grown to more than 10,000 outlets just five years after its founding\nImage credit: Bamboo Works\nThe fast-growing Nowwa Coffee chain has raised tens of millions of dollars in its Series C funding round as it rapidly carves out a space in China's coffee market. Investors in the latest round, worth \"hundreds of millions of yuan,\" included Legend Capital, Oris Fund, Meridian Capital, Challenjers Venture, V Star Capital and GSR Ventures, according to Chinese media reports last week.\nThe funding was the biggest in China's catering industry in the last year, according to one of the reports. No valuation was given.\nNowwa has grown at lightning speed since its founding, and had more than 10,000 stores in 300 cities at the end of last October, according to its website. At the height of its rapid expansion, the company opened as many as 1,800 stores in a single month, according to a Chinese media report. In addition to its offline stores, the company also sells over popular online channels including Tmall and Douyin, China's version of TikTok.\nNowwa, whose name derives from \"Nowadays,\" is trying to set itself apart from the crowd by positioning the chain as a provider of \"healthy coffee.\" Its orange-and-white themed stores distinguish their products with clear labeling for their low sugar, fat and calorie contents.\nChina's coffee market has substantial and still‑growing potential, supported by rapid volume growth, rising disposable incomes, and urbanization that is expanding the middle‑class consumer base able to afford daily coffee consumption. Nowwa and its rivals are capitalizing on a market valued at an estimated $4.24 billion in 2025, which is projected to grow at about 5.8% annually to nearly $6 billion by 2031, according to Mordor Intelligence.\nNowwa's drinks are in the middle to more value-oriented end of China's range, typically selling for 9.9 yuan to 15 yuan before discounts.\nTo subscribe to Bamboo Works free weekly newsletter, click here\nBenzinga Disclaimer: This article is from an unpaid external contributor. It does not represent Benzinga’s reporting and has not been edited for content or accuracy.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2608625708","isCrawlerRequest":true}