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Kopi Kenangan brews up Indonesia’s first F&B unicorn
Coffee chain’s app a hit in country with most startups in SE Asia valued at US$1 billion
Tom King
28 Dec 2021
Fast-growing Indonesian grab-and-go coffee chain Kopi Kenangan has raised US$96 million in the first closing of a Series C funding, giving the company a valuation of more than US$1 billion and making it the country’s first unicorn from the food and beverage sector.
