Kopi Kenangan

China’s Luckin Coffee to enter Malaysian market with local partner – report

The entry comes at a time when Malaysians are seeing a rising number of local and international coffee chain brands and outlets in the country. Both local and international coffee brands are competing for a larger market share as US brand Starbucks faces ongoing boycott amid the Israel-Gaza war. In China, Luckin Coffee's home market, the entry also comes…

clear drinking glass next to two glass jars

How to be a value-adding investor: A case study of Kenangan Brands

With international expansion no longer feasible, Kopi Kenangan started to look for other solutions to increase basket size and average order value, as well as maintain a steady flow of revenue as the world shut down. B Capital’s Strategy & Operations team stepped in to think creatively and move quickly.

Kopi Kenangan, coffee

Indonesia’s unicorn Kopi Kenangan debuts in Malaysia – report

Founded in 2017, Kopi Kenangan expanded to more than 850 outlets in 64 cities in Indonesia and officially became the first Southeast Asia company to achieve 'unicorn' status in the F&B category in December last year.

Indonesia’s Kopi Kenangan hits unicorn status with $96M Series C fundraise

Kopi Kenangan has raised $96 million in the first closing of a Series C funding, giving the company a valuation of more than $1 billion. The oversubscribed Series C round was led by Tybourne Capital Management, with participation from existing investors including Horizons Ventures, Kunlun, and B Capital, and new investor Falcon Edge Capital, Kopi Kenangan.

Kopi Kenangan, coffee

Indonesia’s Starbucks rival Kopi Kenangan brews up $109m funding to build empire

With over 300 stores already, it’s planning expansion to three countries after the pandemic.

4 years on, cashierless stores are full of empty promises

Now the hype has died down, here’s how Southeast Asia has really been impacted by retail startups.