Kopi Kenangan plots $200M push to 4,000 stores by 2030, leans on India for growth
Indonesia's Peak XV-backed coffee chain Kopi Kenangan will deploy $200M to triple its footprint to 4,000 outlets by 2030, targeting $650M revenue. Already at 1,136 stores with 188 overseas, the Starbucks challenger is sourcing local beans in India to dodge tariff barriers as it scales across Singapore, Malaysia and India.
What happened
Indonesian coffee chain Kopi Kenangan, backed by India's Peak XV Partners, plans $200M investment to triple stores to 4,000 by 2030. Already operates in India
Key facts
- 1,136 outlets
- 188 overseas stores
- $200 million investment
- 4,000 stores by 2030
- $184 million revenue 2025
- $17 million net profit
- 45% revenue growth
- $650 million revenue target by 2030
- $234 million total funding
Why this matters
Kopi Kenangan's aggressive India and SEA push signals consolidation pressure on regional coffee chains—partnership, JV, or defensive M&A windows are opening across Singapore and Malaysia.