Singapore’s Turn Capital buys Flash Coffee’s Thailand unit

Plans for expansion include opening more than 100 new stores.

Singapore-based venture firm Turn Capital has purchased the Thailand business of the tech-enabled coffee chain Flash Coffee as part of its growth in the country.

Following the acquisition, the firm will leverage the brand, product line, and technology of Flash Coffee upon its proposed expansion in Thailand, opening more than 100 new stores in the next two years and reaching the total number of Thai locations by more than 200.

“Excited to spearhead our expansion endeavours, fortify our team, diversify our drinks and food offerings, and continue opening new stores. We’re set to paint the streets of Thailand yellow, symbolising the spread of our commitment to amazing coffee at unbeatable prices,” Vincent Hosman, managing director of Flash Coffee Thailand, commented.

ALSO READ: Singapore remains the 12th most expensive retail destination globally

Opened in 2020, Flash Coffee has served specialty coffee in over 200 locations, as well as outlets in Indonesia, Thailand, Hong Kong, and South Korea.

Turn Capital has maintained a record in bolstering the improvement of growth and profitability of companies under the sectors of consumer, technology, media, and telecom.