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RankingsInsightsMixue SeriesArchiveMethodologyDataSearch中文
FoodBud

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Company card

ZUS Coffee

Low
Brand★Golden 50

Private / seed · Southeast Asia;Indonesia;Malaysia;Philippines;Singapore;Global

Listing status
private or unlisted candidate
Operating model
Unknown
Scale basis
Not Specified
Confidence
Low
Segment
coffee tea milk tea

ZUS Coffee revenue is a low-confidence estimate floor from a public interview/media report, not an official filing. Use only as directional context until IPO/official source pack is available.

Scale basis note

Scale basis not specified. Use as a screening signal until a source pack is attached.

Compare this operator
Every number has a source row

Metrics below keep source tier, quality, period, and source link visible at the metric level.

Source tiers
S1Official primary — filings, annual reports, prospectuses
S2Official secondary — IR decks, transcripts
S3Supplementary — vetted media, databases
S0Not usable — flagged, never published

Source tiers — S1 official primary · S2 official secondary · S3 supplementary · S0 not usable. Open “Provenance” on any number for its tier, basis, precision, and do-not-use note.

GMV is not revenue

GMV/system sales, revenue, and royalty pool sales are separate scale bases. Screening proxies are directional only.

MetricValuePeriod / basisQualitySource
Revenue
Source-backed operating metric from the locked research snapshot.
$251.63M
Directional proxy
April 2026 public interview/media report; RM1.0B+ annual revenue floor converted using April 2026 period-average 3.9740 MYR/USD.
Revenue proxyRecognized company revenue. Useful for accounting scale, but not directly comparable with GMV/system sales.
Directional proxy
S3 supplementary (opens in new tab)
Media Public Interview · Uni Enrol article reports ZUS Coffee co-founder/COO and CEO confirmed annual revenue above RM1.0B on an April 2026 public podcast. USD metric is a directional floor estimate using April 2026 period-average MYR/USD from Federal Reserve H.10/FRED DEXMAUS.
Provenance
Tier: S3 supplementary
Source: Media Public Interview
Basis: Revenue proxy
Precision: Estimated

Operator profile

11/21 source-backed

Classification, firmographics, ownership and operating dimensions — source-backed where disclosed, marked as a gap (never inferred) where not.

Format & positioning
Cuisine (primary)
coffee cafeS2 official secondary (opens in new tab)
Cuisine (secondary)
tea beverageS2 official secondary (opens in new tab)
Service model
coffee cafeS2 official secondary (opens in new tab)
Price tier
valueS3 supplementary (opens in new tab)
Company
Founded
2,019S4 (opens in new tab)
HQ country
MYS4 (opens in new tab)
CEO
Ian ChuaS4 (opens in new tab)
Employees
~2827S3 supplementary (opens in new tab)~
Ownership
Parent
independent (founder-controlled; operator ZUSPRESSO (M) Sdn Bhd, no ultimate corporate parent)S3 supplementary (opens in new tab)
PE / holding
PE/minority-backed: KV Asia Capital (Singapore SE-Asia PE), KWAP (Malaysia pension fund), Kapal Api Group invested RM250M (~US$57M) for global expansion (Sep 2024)S3 supplementary (opens in new tab)
Recent M&A
Sep 2024: RM250M (~US$57M) raise led by KV Asia Capital with KWAP and Kapal Api; RM50M fresh capital + RM200M secondary share purchase from existing owners; no change of controlS3 supplementary (opens in new tab)
Growth
System sales YoY
not disclosed
Revenue YoY
129.4%S3 supplementary (opens in new tab)
Net new units
~400S3 supplementary (opens in new tab)~
Pricing & digital
Avg check
not disclosed
Digital sales
~70%S3 supplementary (opens in new tab)~
Off-premise
not disclosed
Loyalty members
1.8 million app downloadsS3 supplementary (opens in new tab)~
Franchise terms
Royalty
not disclosed
Franchise fee
not disclosed
By-market footprint
by-market split
—

Store counts by market/region — footprint context, not a same-basis comparison.

Single-store model

0/1 source-backed

Unit economics are a separate axis from company-level scale — never read as the same number. Each field keeps its source, period, and quality; derived/estimated rows and gaps are marked.

AUV / unit sales
Honest gap: no L1 basis to derive from (private/seed or platform).
—
FY2024_or_latest_L1
Gap

Cost structure

0/6 source-backed

Where each revenue dollar goes, latest disclosed year. Slices use each operator's reported base — % of revenue unless the row notes otherwise (% of GMV, restaurant-level, franchise goods-supply COGS). Grey = not separately disclosed. This is a separate axis from company scale and single-store economics.

Food / COGS—
Gap
Private (Malaysia coffee); no public audited detailed P&L.
Labor—
Gap
Private (Malaysia coffee); no public audited detailed P&L.
Rent / occupancy—
Gap
Private (Malaysia coffee); no public audited detailed P&L.
Delivery commission—
Gap
Private (Malaysia coffee); no public audited detailed P&L.
Marketing—
Gap
Private (Malaysia coffee); no public audited detailed P&L.
Operating margin—
Gap
Private (Malaysia coffee); no public audited detailed P&L.

Supply chain

Who supplies this brand — reverse-extracted from each supplier's own filing (top-customer / related-party disclosure). The % is the supplier's revenue share from this brand (supplier-side, not procurement spend), unless a note says otherwise. Each edge keeps its period, source tier, and audit link; named relationships without a disclosed % are shown as such.

No supplier relationships collected for this brand yet.

Peers in this segment

Yum ChinaRevenue proxyMixueGMV / system salesGumingGMV / system salesChaPandaRevenue proxyAuntea JennyRevenue proxyDOUTOR・NICHIRES Holdings Co.,Ltd.Company-operated revenue (proxy)

Same segment — each operator keeps its own scale basis; this is navigation, not a like-for-like comparison.