Kopi Kenangan, an Indonesian coffee shop chain, has secured $96 million in capital from its latest funding round that valued the company at more than $1 billion, the Jakarta Globe reported.
That makes the company, which is backed by US rapper Jay-Z and tennis champion Serena Williams, the first food and beverage unicorn in Southeast Asia, executives said.
Read the full report: Jakarta Globe.
READ MORE:
Coffee Industry Board Launched – Shanghai Daily
Luckin Coffee to pay $180m penalty for fraud charges: US SEC
New China Import Rules A Pain for Foreign Food, Drink Firms
