Buoyed by Kopi Kenangan funding, Indonesia's coffee startups risk going off the boil due to COVID-19

Buoyed by Kopi Kenangan funding, Indonesia's coffee startups risk going off the boil due to COVID-19

A coffee shop in Bandung, Indonesia. Photo by Ali Yahya on Unsplash

Since landing its first external funding in 2018, Indonesian coffee chain Kopi Kenangan has hogged the limelight for understandable reasons. It has now gathered over $130 million in capital from a diverse set of investors, including global funds, celebrities and regional venture capitalists.

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