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Startups

Indonesia coffee startups draw VC investment as java booms

Kopi Kenangan and Fore prove a hit with Luckin Coffee's grab and go model

Although a coffee at Fore is priced at $2.50, customers are given an array of discounts and rarely pay full price. (Photo by Ismi Damayanti)

JAKARTA -- The world's fourth largest coffee producer is experiencing a java boom all its own. Premium cafes have popped up across the Indonesian archipelago, perhaps enticed into the market by the long lunchtime lines at Starbucks stores in plush shopping malls.

Kopi Kenangan and Fore Coffee, startups backed by venture capital, intend to turn the boom into a full-blown culture by offering quality yet affordable specialty beverages to the country's rising middle class.

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