Kopi Kenangan

What Kopi Kenangan does

Kopi Kenangan is Indonesia's largest coffee chain, operating 1,324 grab-and-go stores across six countries (Indonesia, Malaysia, Singapore, India, Australia, Taiwan) under the Kenangan Brands parent group (legal entity PT Bumi Berkah Boga). Founded in 2017 by Edward Tirtanata, James Prananto, and Cynthia Chaerunnisa, the company targets young urban consumers aged 21-36 with affordable, quality Indonesian coffee positioned between premium international chains and street-side instant coffee. The core business is high-throughput small-format retail, supplemented by a multi-brand portfolio spanning Cerita Roti (bread), Chigo and Flip Burger (fried chicken/burgers), Kenangan Manis (cookies), Kenangan Heritage (premium specialty coffee), Satu Kenangan (Italian Roast with a franchise model), and Kenangan Beans (home brewing).

Revenue is generated through four streams: in-store retail across the owned footprint, ready-to-drink (RTD) bottled coffee distributed via Alfamart, Alfamidi, Indomaret, Circle K, Lawson, and supermarkets at Rp 9,500 per bottle, omnichannel sales through the proprietary Kopi Kenangan app and third-party delivery platforms (GrabFood, GoFood, ShopeeFood, Traveloka Eats), and franchise/management fees from international and Satu Kenangan expansion. The technology backbone is a proprietary mobile app combining order-ahead, loyalty (Kenangan Points), membership tiers, and QR-driven cashback, plus digitized store operations that reportedly deliver 600-800 cups per day at leading outlets versus 300-400 for typical stores. International pricing is markedly higher (e.g., S$4.90 for Kenangan Latte in Singapore).

FY2025 revenue reached $184M with 45% year-on-year growth and $17M net profit, marking the company's first profitable year after five years of post-pandemic losses. The group targets 4,000 stores and $650M revenue by 2030, backed by a planned $200M capital raise to facilitate partial exits for Peak XV Partners and Alpha JWC. Investors include Tybourne Capital Management (Series C lead), Horizons Ventures, B Capital, Kunlun, Falcon Edge Capital, GIC, Serena Ventures, and Arrive. The company holds halal certification from Majelis Ulama Indonesia and has won multiple World Branding Awards in the Café Chain category.

Name

Kopi Kenangan

Legal name

PT Bumi Berkah Boga

Website

https://kopikenangan.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Kopi Kenangan is Indonesia's largest coffee chain, operating 1,324 grab-and-go stores across six countries and a multi-brand F&B portfolio (Cerita Roti, Chigo, Kenangan Manis, Kenangan Heritage, Satu Kenangan) under Kenangan Brands, serving young urban consumers with affordable quality local coffee and ready-to-drink bottled products.

Ownership category

akta.pro rank

Product category

Specialty Coffee Retail

NAICS

Snack and Nonalcoholic Beverage Bars (722515), Coffee and Tea Manufacturing (311920)

SIC

Retail-Eating & Drinking Places (5810)

akta.pro primary industry

Coffee Chains & Franchise Cafes (THAFADAB)

akta.pro secondary industries

RTD Coffee Production (Non-Dairy/Non-Alcoholic) (AFAFABAE), Powdered & Instant Beverage Mixes (Drink Mixes, Instant Coffee/Tea, Electrolytes) (CRADAHAN)

Keywords

• Grab-and-go coffee
• Ready-to-drink coffee
• Coffee retail chain
• Mobile loyalty app
• Specialty coffee retail

Headquarters

HQ city

Jakarta

HQ country

Indonesia

HQ region

Asia

Offices5 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Retail Store Sales: Revenue from proprietary Kopi Kenangan grab-and-go coffee stores selling espresso-based drinks, non-coffee beverages, and food items. Core revenue stream with strong unit economics and attractive store-level payback period. Also includes sales from subsidiary brands Cerita Roti, Chigo, and Kenangan Manis within co-located or standalone stores.
2. Ready-to-Drink (RTD) Bottled Coffee: RTD bottled coffee products sold through minimarkets (Alfamart, Alfamidi, Indomaret), supermarkets, and e-commerce platforms. Price point of Rp 9,500 per bottle. First Indonesian coffee chain to launch packaged RTD coffee.
3. Digital and Omnichannel Sales: Revenue through proprietary app ordering, third-party delivery platforms (GrabFood, GoFood, ShopeeFood, Traveloka Eats), and social commerce channels.
4. Franchise/Master Franchise Partnerships: Revenue fromSatu Kenangan franchise partnerships and international expansion through managed or franchise models in Malaysia, Singapore, Australia, India, and Taiwan.

Pricing tiers

Go-to-market motion3 records

Distribution channels8 records

Marketing channels11 records

Core offering

Kopi Kenangan operates a tech-enabled grab-and-go coffee chain selling quality Indonesian espresso-based and non-coffee beverages, food items, ready-to-drink bottled coffee, home brewing beans, and complementary sub-brands (Cerita Roti bread, Chigo fried chicken, Kenangan Manis cookies) through 1,324+ proprietary stores, a proprietary mobile app, third-party delivery platforms, and minimarket/supermarket retail channels across six countries.

Product overview

Kopi Kenangan operates as a portfolio of food and beverage brands under Kenangan Brands, Indonesia's first New Retail F&B unicorn. The core offering is Kopi Kenangan, a grab-and-go coffee chain with over 1,300 stores across 6 countries. The brand portfolio includes: Kopi Kenangan (core coffee chain), Kopi Kenangan Hanya Untukmu RTD (ready-to-drink bottled coffee), Kenangan Coffee (international brand), Satu Kenangan (Italian Roast sub-brand), Cerita Roti (cloud-soft bread), Chigo (fried chicken), Kenangan Heritage (premium specialty coffee experience), and Kenangan Manis (soft baked cookies). Supporting platforms include the Kopi Kenangan App (mobile ordering and loyalty), Kenangan Academy (barista training), and Kenangan BAIK (CSR initiatives). The company employs a New Retail model combining online (app-based ordering, delivery integrations with GrabFood/GoFood/ShopeeFood) and offline (store network) channels.

Differentiator

Problem solved

Functional benefit

Brands

• Cerita Roti: Soft-baked bread brand launched in 2020
• Chigo
• Kenangan Manis
• Kenangan Heritage
• Satu Kenangan
• Kopi Kenangan Hanya Untukmu
• Kenangan Boulangerie

Products and services

• Kopi Kenangan (core grab-and-go coffee chain) Grab-and-go coffee chain offering quality Indonesian espresso-based drinks (signature Kopi Kenangan Mantan / Kenangan Latte), non-coffee beverages, and ancillary food items at affordable price points; targeted at young urban Indonesian consumers.
• Cerita Roti Bakery sub-brand selling cloud-soft premium bread in 8+ variants (chocolate, milk, cheese, meat flavors) for grab-and-go consumption alongside coffee.
• Chigo Fried chicken brand offering crispy and juicy chicken with 7 international sauce variations and 5 Indonesian sambal options; sold ala carte, as rice sets, fries sets, and party sizes.
• Kenangan Heritage Premium specialty coffee experience including manual brew bar, creative mocktail drinks, and in-store mini roastery for specialty Indonesian coffee enthusiasts.
• Kenangan Manis Premium handmade sea salt soft-baked cookies (9cm diameter) in 6 flavors, sold standalone or alongside coffee.
• Kopi Kenangan Hanya Untukmu (RTD Bottled Coffee) Ready-to-drink bottled coffee products (Black Aren, Mantancino, Avocuddle, plus broader lineup including Double Espresso, Cappuccino, Indonesianiano Less Sugar, Royal Cheese Latte, Caffe Latte, Japanese Matcha Espresso) distributed via minimarkets, supermarkets, and e-commerce; BPOM and halal certified.
• Satu Kenangan (Italian Roast) Budget-friendly Italian Roast fresh brew coffee offered via franchise/partnership model targeting broader market accessibility in Indonesia.
• Kenangan Beans Whole bean and ground coffee products for home brewing, extending the brand into at-home consumption occasions.
• Kenangan Boulangerie New bakery brand under Kenangan Brands, complementing the Cerita Roti bread line with additional bakery offerings.
• Kenangan Academy Professional training and certification center for the F&B industry, providing barista certification, leadership development, and skills training with centers in Jakarta, Surabaya, Medan, Kuala Lumpur, and Singapore.

Quantifiable outcome

• Revenue grew 45% year-on-year to $184 million in 2025
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature3 records

Partnerships

Twelve partnerships are on record, tiered minor.

• Baba Rafi EnterpriseminorStrategic or Co-development Partner · 13 May 2026Omnichannel partnership accelerating integration of offline stores, digital platforms, and social commerce. Both brands developing own apps for queue management and customer experience.
• Bell Living LabminorStrategic or Co-development Partner · 14 December 2023Recycling partner for coffee grounds from Bandung stores, converting 1 ton of grounds into synthetic leather products within one month.
• Octopus IndonesiaminorStrategic or Co-development Partner · 14 December 2023Provides Octobox containers for plastic waste from Kopi Kenangan cups in 15 stores, converting to recycled products.
• RekosistemminorStrategic or Co-development Partner · 14 December 2023Provides Dropbox for unused spunbond shopping bags in 35 stores, collected over 10kg for conversion to liquid carbon.
• FoodCycleminorStrategic or Co-development Partner · 14 December 2023Bread Rescue program partner redirecting over 1,700 breads to orphanages and elderly homes.
• YCAB FoundationminorStrategic or Co-development Partner · 14 December 2023Non-profit partner for 'Perempuan dan Cerita Mereka' CSR campaign, channeling Rp100 million donation to women entrepreneurs.
• KarafuruminorGTM or Marketing Partner · 22 July 2022NFT Artist collaboration for limited edition RTD coffee packaging featuring 'Pejuang Masa Kini' designs for Indonesian Independence Day.
• GrabminorStrategic or Co-development Partner · 24 May 2022Collaboration with Grab and SUNterra to build RC Veteran, Kopi Kenangan's first solar-powered store. Grab promotes eco-friendly lifestyle under #LangkahHijau commitment.
• SUNterraminorStrategic or Co-development Partner · 24 May 2022Solar panel provider for RC Veteran eco-friendly store. Digital solar panel developer for residential, social, and commercial sectors.
• Nicholas SaputraminorGTM or Marketing Partner · 17 January 2022Brand ambassador for Kopi Kenangan Hanya Untukmu RTD coffee, known for romantic and trustworthy persona.
• Isyana SarasvatiminorGTM or Marketing Partner · 17 January 2022Brand ambassador for Kopi Kenangan Hanya Untukmu RTD coffee, bringing happiness and humor to consumers.
• SDF InternationalminorChannel Partner/ Reseller/ Distributor · 24 September 2021License holder for BTS x Built NY merchandise. Appointed Kopi Kenangan as official and first distributor in Indonesia and Southeast Asia for BTS x Built NY tumblers and bottles.

Scale indicators12 records

Recent moves13 records

Expansion highlights7 records

Direct peers

• Chatime: Global bubble tea franchise originating from Taiwan with significant SEA presence. Comparable grab-and-go beverage chain model, similar pricing tier, and franchise/international expansion playbook to Kopi Kenangan.
• Fore Coffee: Indonesian tech-enabled coffee chain that pioneered app-based ordering and grab-and-go service. Closely comparable business model, target demographic, and digital-first GTM motion to Kopi Kenangan.
• J.CO Donuts & Coffee: Indonesia-headquartered café chain offering coffee and bakery items in a grab-and-go format. Direct competitor to Kopi Kenangan in the Indonesian coffee chain market with overlapping young urban consumer target.
• Tim Hortons Indonesia: Canadian coffee chain operating in Indonesia since 2022 with mid-tier pricing and dine-in format. Direct competitor in the Indonesian coffee chain market, although operating with larger store formats.

Broad incumbents

• McCafé (McDonald's Indonesia): Coffee program operated within McDonald's Indonesia outlets. Competes in the accessible mass-market coffee segment with broad distribution via existing QSR real estate.
• Luckin Coffee: China's largest coffee chain with tech-enabled, grab-and-go, affordable positioning. Most comparable global model to Kopi Kenangan in terms of digital-first GTM and small-format stores, though operating at vastly larger scale.
• Starbucks Indonesia: Premium international coffee chain with established Indonesian presence. Competes in the same category with differentiated premium positioning and dine-in experience rather than grab-and-go.

Emerging players

• Mixue: China-headquartered F&B chain aggressively expanding across SEA with ultra-affordable beverages and snacks. Comparable grab-and-go model, franchise-driven expansion, and accessibility pricing strategy to Kopi Kenangan.
• Tomoro Coffee: Indonesia-based coffee chain expanding rapidly with a similar grab-and-go and affordable positioning. Emerging direct competitor in the same value-tier coffee chain segment as Kopi Kenangan.

Regional players

• % Arabica: Japan-based specialty coffee chain expanding across Asia. Comparable international coffee chain expansion pattern though operating in the premium specialty segment rather than grab-and-go mass market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/kopikenangan_id
• Facebookfacebook.com/kopikenangan.id
• LinkedInlinkedin.com/company/kopi-kenangan
• Instagraminstagram.com/kopikenangan.id

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries6 records

Funding overview

Funding rounds6 records

Investors14 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments7 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kopi Kenangan