Meet Sequoia’s Next Coffee Unicorn: Kopi Kenangan

From: forbes.com

Indonesia’s rising coffee chain Kopi Kenangan is one to watch, especially after Sequoia India – the famed venture capital known to breed unicorns – has just successfully led its series B funding, raising USD$109 million in early May.

Founded by serial entrepreneurs Edward Tirtanata and James Prananto (alumni of Forbes 30 Under 30), the three-year-young café models after the New Retail trend of on-demand coffee. Starting out with USD$8 million seed funding and 30 stores in 2018, today it has 324 outlets, a line of powerful investment backers and stands at a reported USD$477 million valuation.

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