About Formosa
Formosa is a company based in Vilnius (Lithuania) founded in 2016. It operates as a D2C, and B2C. Formosa offers products and services including Bubble Tea, Fruit Teas, Milky Teas, and Loyalty App.
- Headquarter Vilnius, Lithuania
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Sectors
Business ServicesConsumer
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Email
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Phone
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Website
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Annual Revenue
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Net Profit
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Latest Funding Round
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Products & Services of Formosa
Formosa offers a comprehensive portfolio of products and services, including Bubble Tea, Fruit Teas, Milky Teas, and Loyalty App. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Authentic Taiwanese tea with flavors and tapioca balls for consumers.
Varied fruit-infused teas from the menu offerings.
Creamy tea options with milk-based recipes.
Mobile app for rewards and ordering services.
Funding Insights of Formosa
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Formosa
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Formosa
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Formosa Comparisons
Competitors of Formosa
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Formosa
When was Formosa founded?
Formosa was founded in 2016.
Where is Formosa located?
Formosa is headquartered in Vilnius, Lithuania.
What does Formosa do?
Formosa is the first bubble tea network in Lithuania, established in 2016, specializing in authentic Taiwanese beverages. They operate physical stores in cities like Vilnius, Kaunas, Klaipėda, Šiauliai, and Palanga, offering over 50 drink varieties including teas and cocktails. Customers can order through a mobile app with a loyalty program for rewards, and enjoy delivery via partners like Wolt and Bolt Food, serving general consumers seeking specialty drinks.
What products or services does Formosa offer?
Formosa offers Bubble Tea, Fruit Teas, Milky Teas, and Loyalty App.