Kopi Kenangan, an Indonesian coffee chain, raised 96 million USD in Series C funding, achieving a valuation over 1 billion USD and marking its entry into unicorn status.
Target Information
Kopi Kenangan is a prominent coffee chain based in Indonesia that has made significant strides within the local beverage industry. Recently, the company achieved a remarkable milestone by raising 96 million USD in its latest Series C funding round, reaching a valuation exceeding 1 billion USD, which has officially established it as a unicorn. The rapid growth of Kopi Kenangan is exemplified by a doubling of sales compared to the same period last year and a projected monthly serving of 5.5 million cups of coffee in the first quarter of 2022.
The company attributes its success to quality offerings and a strategy that resonates well with its customer base. With over 40 million cups served this year alone, Kopi Kenangan is poised for further expansion as it seeks to introduce new product lines, including Cerita Roti and Kenangan Manis, across Indonesia and beyond.
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Industry Overview in Indonesia
The coffee industry in Indonesia has experienced vigorous growth, driven by an increasing demand for specialty coffee among consumers. As one of the largest coffee producers globally, Indonesia benefits from a diverse range of coffee var
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Tybourne Capital Management
invested in
Kopi Kenangan
in 2022
in a Other deal
Disclosed details
Transaction Size: $96M
Enterprise Value: $1,000M