About Luckin Coffee
Luckin Coffee is a company based in Xiamen (China) founded in 2017 by Lu Zhengyao and Jenny Qian Zhiya was acquired by Centurium Capital in January 2022. It operates as a Direct-to-Consumer (D2C). Luckin Coffee has raised $550 million across 6 funding rounds from investors including CICC, BlackRock and Centrum. Luckin Coffee offers products and services including Arabica Coffee. Luckin Coffee operates in a competitive market with competitors including Starbucks, Yum China, YUM! Brands, Shanghai Yinhe Industrial and Pirata Group, among others.
- Headquarter Xiamen, China
- Founders Lu Zhengyao, Jenny Qian Zhiya
- Stage Public
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Sectors
Consumer
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Luckin Coffee Holding Singapore Pte. Ltd.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$550 M (USD)
in 6 rounds
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Latest Funding Round
$460 M (USD), Post-IPO
Mar 17, 2021
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Investors
CICC
& 7 more
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Employee Count
Employee Count
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Acquired by
Centurium Capital
(Jan 25, 2022)
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Products & Services of Luckin Coffee
Luckin Coffee offers a comprehensive portfolio of products and services, including Arabica Coffee. 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.
High-quality Arabica beans are sourced and freshly roasted.
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Funding Insights of Luckin Coffee
Luckin Coffee has successfully raised a total of $550M across 6 strategic funding rounds. The most recent funding activity was a Post-IPO round of $460 million completed in March 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Post-IPO — $460.0M
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First Round
First Round
(11 Jun 2018)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2021 | Amount | Post-IPO - Luckin Coffee | Valuation |
investors |
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| Jan, 2020 | Amount | Post-IPO - Luckin Coffee | Valuation |
investors |
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| Aug, 2019 | Amount | Post-IPO - Luckin Coffee | Valuation |
investors |
| 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 |
Investors in Luckin Coffee
Luckin Coffee has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include CICC, BlackRock and Centrum. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Centurium Capital is focused on industrial investments in key sectors.
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Founded Year | Domain | Location | |
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Venture capital firm focused on the technology, media & telecom sector
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Founded Year | Domain | Location | |
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Sovereign wealth is managed and private equity investments are facilitated.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Luckin Coffee
| 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 - Luckin Coffee
| 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 |
Luckin Coffee Comparisons
Competitors of Luckin Coffee
Luckin Coffee operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Starbucks, Yum China, YUM! Brands, Shanghai Yinhe Industrial and Pirata Group, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
High-quality coffees are roasted and served in limited-service restaurant chains.
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| domain | founded_year | HQ Location |
Restaurants including KFC and Pizza Hut are operated in China.
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| domain | founded_year | HQ Location |
Restaurants chains
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| domain | founded_year | HQ Location |
Coffee, tea, and related products are provided through retail outlets.
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| domain | founded_year | HQ Location |
Manages multiple restaurants providing quality dining and events across various locations.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Latest news on Luckin Coffee
Frequently Asked Questions about Luckin Coffee
When was Luckin Coffee founded?
Luckin Coffee was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Luckin Coffee located?
Luckin Coffee is headquartered in Xiamen, China. It is registered at Xiamen, Fujian, China.
Who is the current CEO of Luckin Coffee?
Jenny Qian Zhiya is the current CEO of Luckin Coffee. They have also founded this company.
Is Luckin Coffee a funded company?
Luckin Coffee is a funded company, having raised a total of $550M across 6 funding rounds to date.
What does Luckin Coffee do?
Luckin Coffee is engaged in providing high-quality specialty coffee made from Arabica beans sourced from top regions. The coffee is blended by World Barista Championship champions and freshly roasted and ground using advanced technology. Operating over 20,000 stores across 300 cities worldwide, the company focuses on delivering consistent flavor and aroma through state-of-the-art equipment. The brand is positioned in the food and beverage sector, emphasizing direct-to-consumer retail.
Who are the top competitors of Luckin Coffee?
Luckin Coffee's top competitors include Yum China, Starbucks and YUM! Brands.
What products or services does Luckin Coffee offer?
Luckin Coffee offers Arabica Coffee.
Who are Luckin Coffee's investors?
Luckin Coffee has 8 investors. Key investors include CICC, BlackRock, Centrum, Centurium Capital, and Joy Capital.
What is Luckin Coffee's valuation?
The valuation of Luckin Coffee is $2.2B as of Nov 2018.