NOWWA Asset Profile

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Year established

2019

Location

Shanghai China

Primary Industry

Retail

About

Based in Shanghai, China, and established in 2019, NOWWA operates as a coffee shop brand dedicated to providing freshly ground coffee, tea and other products. It has more than 400 stores in cities, such as Nanjing, Hangzhou, and Wuxi. The company cooperates with Country Garden, Suguo Supermarket, and Bailian Quik. In September 2024, it closed a round of series B++ funding. The company provides coffee for customers online and offline. It provides a variety of freshly ground coffee, flavoured coffee drinks, and bread desserts. Products include American coffee, latte, milk tea, coconut water, bagels, toast, and croissants. The price of coffee is around CNY 15. The company has settled in various online platforms, such as Meituan, Dianping, and Ele.me. It also sells instant coffee and coffee concentrate through platforms such as Taobao. The company generates revenue by providing coffee for customers online and offline. The company will use the series B++ funding to increase investment in supply chain and new product research and development.

Current Investors

V Star Capital, GSR Ventures, SIG Asia Investment

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Primary Industry

Retail

Sub Industries

Non-Alcoholic Beverages, Coffee Shops

Website

www.nowwa.cn

Verticals

E-commerce

Company Stage

Series B

Total Amount Raised

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