Indonesia’s Coffee Chain Reaches Unicorn Status with USD 96 Million Funding
Kopi Kenangan, an Indonesia-based coffee chain, has obtained USD 96 million Series C funding from Tybourne Capital Management, followed by Horizon Ventures, Kunlun, B Capital Group, and the latest new investor Falcon Edge Capital. The funding made the company achieve...
Home Improvement Brand Aims at Opening over 100 Stores a Year in Thailand
Home improvement brand MR D.I.Y. has announced its goal of opening at least 100 new stores a year, spurred by strong revenue over the past two years despite the Covid-19 pandemic. In a recent interview, the chief executive of the company announced that MR D.I.Y. wants...
Yili Group Builds Largest Ice Cream Factory in Indonesia
PT Yili Indonesia Dairy, a subsidiary of the Yili Group, has just completed its new smart ice cream factory at the Greenland International Industrial Center, Bekasi, West Java. The construction cost around IDR 2 trillion (USD 139 million). The site covers an area of...