Startup of the Month returned this month with Kopi Kenangan as its winner!
Kopi Kenangan is a tech-enabled coffee chain founded to “fill the gap between the high-priced coffee served at international coffee chains and the instant coffee sold at many street stalls.”
The company has recently made headline with its US$20 million funding round from Sequoia India, following a US$8 million funding round it announced in October last year.
It has also grown from just 16 stores in October 2018 to 80 stores in eight cities today.
Claiming itself to be a profitable business, Kopi Kenangan has plans to open 150 outlets by the end of this year and expand to 1,000 stores throughout Indonesia by 2021. It even mentioned a plan to expand to other Southeast Asian markets.
As a runner up, e27 readers have voted for BrideStory, an Indonesian wedding marketplace platform.
Together with sister company ParentStory, a children activity marketplace, the company has recently been acquired by Indonesian e-commerce and fintech giant Tokopedia.
Congratulations to both companies, and thank you for your participation in the poll!
Image Credit: Kopi Kenangan