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Hook Coffee eyes overseas markets

By Maria Santos
1 min read
Hook Coffee eyes overseas markets
In this article (4)

Raising S$250,000 (US$180,000) in two funding rounds, Hook Coffee subscription delivery service plans to expand in three markets overseas and double its team size over the next two years.

In the 18 months since its founding, when it clinched a Spring Ace Startups grant of $50,000, the company has gained more than 10,000 subscribers and sold more than 500,000 cups of coffee, growing by 20 per cent month on month.

It sources coffee beans that are sustainably grown and ethically produced, roasting them in Singapore and delivering them to customers’ mailboxes.

Co-founders Faye Sit and Ernest Ting finished Masters degrees at the London School of Economics before earning coffee and roasting barista diplomas at the London School of Coffee

When Sit flew to Latin America for fieldwork, she realised the impact a socially responsible startup could introduce to farming communities.

“Specialty coffee should be about more than just better coffee, but also about bettering the lives of farmers and the environment,” she says.

Questions & Answers

Q.

Which specific overseas markets will Hook Coffee expand into?

A.

The article states Hook Coffee plans to expand in three overseas markets but does not specify which ones these will be. The company aims to double its team size over the next two years as part of this expansion.

Q.

How much funding has Hook Coffee received in total from investors?

A.

Hook Coffee has raised S$250,000 (US$180,000) across two funding rounds. This is in addition to the $50,000 grant it received from Spring Ace Startups when it was founded.

Q.

What is the company's current subscriber count and sales volume?

A.

The company has gained more than 10,000 subscribers and sold over 500,000 cups of coffee since its founding 18 months ago. It is also experiencing 20 per cent month-on-month growth.

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