Indonesia’s largest coffee chain is planning to open its first international store in the last quarter of 2022, with the Malaysia location to operate as Kenangan Coffee
Kopi Kenangan will be rebranded as Kenangan Coffee for its international stores | Photo credit: via Shutterstock
Indonesian coffee chain Kopi Kenangan is planning to launch in Malaysia before the end of 2022 as part of an initial 10-store international expansion.
Edward Tirtanata, CEO of the Jakarta-based coffee chain, said that expansion outside of Indonesia was initially slated for 2020 but was postponed due to the Covid-19 pandemic.
Speaking at the NXC International Summit 2022 in Bali, Tirtanata said that Kopi Kenangan will be rebranded as Kenangan Coffee for its international stores. The company is targeting three countries in Southeast Asia for expansion, but further details beyond the Malaysia launch have not yet been disclosed.
Founded in 2017, Kopi Kenangan currently operates more than 600 stores across 45 cities in Indonesia, making it the largest branded coffee chain in the country ahead of Starbucks' 500 outlets
In January 2022, Kopi Kenangan attained coveted unicorn status
after securing $96m in Series C funding from investors including Horizons Ventures, Kunlun, B Capital and Falcon Edge Capital.