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We dived into Indonesia’s coffee obsession and more. Editor's Letter Dear {NAME} Like many co
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We dived into Indonesia’s coffee obsession and more.Â
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Editor's Letter
Dear {NAME}
Like many countries, Indonesia has a coffee obsession. It’s [one of the largest]( producers of the beverage in the world. And while Indonesians aren’t the biggest coffee consumers, that is [changing fast among the younger set](.
The confluence of these factors makes for good business. Last week, our Indonesian journalist, Putra Muskita, examined [why Kopi Kenangan is leading the country’s VC-backed coffee wars](.
The company is not alone - a number of grab-and-go coffee chains have emerged and done well.
Unlike China’s Luckin Coffee, which was set back by fraud allegations, Kopi Kenangan doesn’t have to convince its market to drink the beverage. China’s consumption of coffee stood at an abysmal [0.06 kilograms per capita in 2020]( compared to Indonesia’s [1.1 kilograms in 2018](.
Now, the coffee chain has international expansion in its sights, an endeavor that will test whether it can replicate its success in Indonesia in markets that don’t share the same characteristics.
As always, you can check out the rest of our premium reads here:
[Is RBF an alternative to traditional loans and venture capital?]( - by Katrina Balmaceda
Imagine a loan provider that hooks up to your systems and can monitor how you’re spending its money.
[Can TikTok’s new CEO solve all its problems?]( - by Nicole Jao
The CEO will help the company navigate politics and regulations. But some things are beyond its control.
[A new accelerator’s pro-founder solution to investor ‘bad behavior’]( - by Melissa Goh
Some investors in Southeast Asia have been abusing their positions. Iterative wants to bring a brand of founder-friendly investing to the region.
[Meet the 20 top-funded fintech companies in India]( - by TIA Bot
It’s part of a series of lists we maintain on Asia’s funding landscape.
To read these articles and more, do consider [subscribing](. See you next week!
Cheers,
Terence
Chief editor
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