Kopi Kenangan

Kopi Kenangan

Private
IndonesiaConsumer & Commercehttps://kopikenangan.com

Last Round

Series C

Dec 27, 2021

Est. Valuation

$1B

Total Funding Raised

$233M

Company Overview

Kopi Kenangan, legally known as PT Bumi Berkah Boga, is an Indonesian grab-and-go coffee chain founded in 2017. The company was established to fill a market gap between high-priced international coffee brands and local instant coffee. It operates on a 'new retail' model, integrating online app-based ordering with physical stores for pickup and delivery. In December 2021, Kopi Kenangan raised $96 million in a Series C funding round, achieving a valuation of over $1 billion and becoming the first F&B retail unicorn in Southeast Asia. The company has expanded its product offerings to include bread (Cerita Roti), snacks (Chigo, Kenangan Manis), and has grown its presence to over 900 stores across Indonesia, Malaysia, Singapore, and other parts of Southeast Asia. Internationally, it operates under the brand name 'Kenangan Coffee'. The company also makes venture investments in other businesses.

Sector

Consumer & Commerce

Verticals

D2C Brands, Retail Technology, Mobile Commerce, Personalization

Business Model

B2C

Customer Profile

Services & Consulting

AI Layer

Non-AI

Keywords

coffee chaingrab-and-go coffeeKenangan Coffeemobile orderingD2C brandnew retailquick service restaurantQSRpalm sugar coffeeSoutheast Asia F&Bfood and beveragemobile commerceloyalty programfood techcoffee franchise

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Kopi Kenangan Comps

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CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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Kopi Kenangan Funding Rounds

Historical fundraising activity

RoundDateAmount RaisedValuationInvestorsSources
Series CDec 27, 2021
Series BMay 12, 2020
Series A ExtensionDec 23, 2019
Series AJun 25, 2019
SeedOct 19, 2018

Key People

Founding team and executive leadership

Ari Andika

CEO Cenggiring

Executive Team

Edward Tirtanata

Group CEO And Co-Founder

Founding Team

James Prananto

Co-Founder Co-CEO

Founding Team

fengping zeng

CTO

Executive Team

Kopi Kenangan Investors

Notable investors and investment history

InvestorRounds
Horizons VenturesSeries C, Series B
VerlinvestSeries B
SofinaSeries B
RocnationSeries A Extension
B Capital GroupSeries B
GIC Private LimitedSeries B
Alpha JWC VenturesSeries B, Seed

Market signals

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  • Apr 14, 2026

    Now operating in Australia, the Philippines, and Taiwan.

  • Apr 14, 2026

    Operates 10 stores in Singapore.

Kopi Kenangan Filings

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Kopi Kenangan Filings

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Frequently Asked Questions

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Firmographic Details

HeadquartersIndonesia
Employee Range4,495
Year Founded2017
Last FundingDec 27, 2021

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