PT Fore Kopi Indonesia Tbk successfully debuted on the IDX, supported by East Ventures, marking a significant milestone in Southeast Asia's evolving IPO landscape.
Target Company Overview
PT Fore Kopi Indonesia Tbk, commonly known as Fore, is a notable tech startup emerging in Southeast Asia’s dynamic market. Recently, the company successfully made its debut on the Indonesia Stock Exchange (IDX) on April 14, 2025. Fore specializes in the coffee sector, blending technology with traditional beverage services to deliver an innovative consumer experience. As a pioneering entity, it aims to reshape the coffee business landscape within Indonesia while catering to an expanding customer base.
Industry Overview in Indonesia
The IPO landscape in Southeast Asia, particularly in Indonesia, has experienced significant fluctuations in recent years. While the overall IPO market slowed down by 2024, Malaysia emerged as the region's leader in IPO activity, with Indonesia following closely behind. According to Deloitte, in the first half of 2025, Indonesia hosted 48 IPOs that collectively raised around US$1.4 billion, although this figure represents a decline compared to the previous year's half-year total.
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Much of the recent IPO influx in Indonesia has been predominantly focused on consumer and energy sectors, with tech startup IPOs receiving less attention. Notably, nine out of the top ten IPOs by funds raised in Indonesia between 2023 and 2024 were
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East Ventures
invested in
PT Fore Kopi Indonesia Tbk
in 2025
in a Other VC deal