Kopi Kenangan's $109m Series B attracted GIC, tripled startup's valuation to $477m

Kopi Kenangan's $109m Series B attracted GIC, tripled startup's valuation to $477m

Singapore sovereign wealth fund GIC Pte has invested $15 million in Indonesian coffee chain Kopi Kenangan in yet another caffeine shot for the institutional investor that has previously backed scandal-embroiled Luckin Coffee.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter